UPS reports FY21 revenue of $97 billion, to hit 2023 target this year
February 1, 2022: New York Stock Exchange-listed UPS reported a 15 percent increase in full-year revenue to $97.3 billion. While operating profit was $12.8 billion, adjusted operating profit was $13.1 billion, up 50.8 percent and operating margin was 13.2 percent. Cash from operations was $15 billion and free cash flow was $10.9 billion.
"UPS expects to deliver its 2023 consolidated revenue and operating margin targets one year early. For the full year 2022, the company expects consolidated revenue of about $102 billion, an adjusted operating margin of approximately 13.7 percent and adjusted return on invested capital to be above 30 percent," says an official release.
UPS reported a 11.5 percent increase in fourth-quarter 2021 consolidated revenue of $27.8 billion. Consolidated operating profit was $3.9 billion, up 91 percent compared to the fourth quarter of 2020.
