UPS to plan conservatively & pivot quickly in 2023: CEO Carol Tome
We will focus on threeimportant initiatives - improving customer value proposition, increasing employee engagement & leveraging our physical network with our digital platform: Carol Tome, Chief Executive Officer, UPS
For the full year 2022, consolidated revenue increased 3% to $100.3 billion and adjusted operating profit was up 5% at $13.9 billion.
For the full year 2023, UPS expects revenue to be between $97-99.4bn, capital expenditures to be about $5.3bn, dividend payments to be around $5.4bn and share repurchases to be around $3bn.
More than half of the operating profit is coming in the second half of 2023: Brian Newman, Chief Financial Officer, UPS
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