UPS (NYSE:UPS) reported first-quarter results that exceeded expectations and reiterated its full-year guidance, though its shares slipped around 2% in premarket trading.
The delivery group posted earnings per share of $1.07, ahead of the $1.03 consensus estimate. Revenue reached $21.2 billion, surpassing forecasts of $20.97 billion.
Adjusted consolidated operating profit for the quarter totaled $1.32 billion.
“The first quarter of 2026 marked a critical transition period for UPS in which we needed to flawlessly execute several major strategic actions and we delivered,” said Carol Tomé, chief executive officer.
“With that behind us, we expect to return to consolidated revenue and operating profit growth, and adjusted operating margin expansion in the second quarter of this year.”
For the full year, UPS kept its revenue outlook unchanged at $89.6 billion and reaffirmed an adjusted operating margin of about 9.6%.
The company also maintained its capital expenditure projection at roughly $3.0 billion and expects to distribute approximately $5.4 billion in dividends, subject to board approval. The effective tax rate is still projected at around 23%.