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UPS Q3 consolidated revenue $21.2 billion

Christian Fernsby ▼ | October 28, 2020
UPS announced third quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of 2019.
UPS   Net income was $2.0 billion for the quarter
Consolidated average daily volume increased 13.5% year over year.

Topics: UPS

Net income was $2.0 billion for the quarter, 11.8% above the same period in 2019, or 10.7% on an adjusted basis.

Operating profit was $2.4 billion, up 11.0% compared to last year’s third quarter, or 9.9% on an adjusted basis.

“Our performance highlights the agility of our global integrated network amid the ongoing challenges of the pandemic.

Our results were fueled by continued strong outbound demand from Asia and growth from small and medium sized businesses,” said Carol Tomé, UPS chief executive officer.