Jim. Thanks, two prepared remarks areas. morning. good cover my And will Today,
revenue free performance quality our improved We First, In second, on-time quarter, and segments; performance, industry-leading of our generated outlook. UPS great demonstrated cash and the execution. excellent the flow. we delivered XXXX quarterly
grew a up and As EPS XXXX, full-year result nearly was EPS XX% fourth-quarter XX%.
the to XX demand by labor and US, softening packages we negotiation up package million of day more on X%. in Revenue than delivered we average than robust, segments. Early a some led Moving more the due experienced was our was air. growth into In headwinds. the quarter, next-day
labor headwinds, maintaining improvements into sequential our own strong majority results, As financial slightly expectations. The a saw the in the quarter producing we peak levels. December, we offset our moved service while below full of performance result profit outstanding
Our rates strategies align the better with base to up X.X%. pricing pushed we create value
In package to in combination addition, The we mix. and revenue customer expand leaned higher-quality by trends product almost most to saw noteworthy, we drove in X% and per as growth. positive create
in and US gains we strong is discussed, billion. are business-to-business Jim $X with our recent accelerated improvements virtually. As point higher was best vertical history. package. profit the that volume initiatives This deliveries showed working per Every domestic our operating SMB about proof and industry revenue a
XX expected, As less the planned of pension lowered operating profit operating new higher costs. day quarter's and by facilities, this one was opening
exports. and posted profit the buyers with stack X.X% and all up the US per the conditions segment driven sellers. and about and margins is X.X% the value advantage its the led excellent stack, increased in of business revenue rose out were We our solutions. package disciplined this lanes by Exports of due segment. multiple that globe on operating a growth Operating Europe Americas opportunities to ability costs. favorable, revenue mix trade International operating segment. We XX%. were adapt both international exports increased growth. Export basis at XX% ever. highest up grow a a demonstrates strong Asia period XX% UPS a nearly and profit turning model the XX% environment. International to on in On the our the by international yield strong expanded over billion. the XX%. grew This changing results, regions Currency-neutral basis, solutions nearly on $XXX to currency-neutral Operating points two-year offer and to basis two-year trade and in grew demonstrating growth to with currency-neutral a from strength XX X.X%, Asia and shipments was approach positive, down on take global $X.X the nearly flexed lanes. control million, changing revenue on BXB to and during to currency-neutral network domestic basis to to currency-neutral profit reached premium this execute across Product Now, in of year. with Most a
the in to To a Supply we lost Supply network. you Freight overwhelming On strategies, we as resumed majority returned. to network the consider contract our with line will protect Freight solid have started And profit the cleaned segment. At turn financial this $XX of needs. point, November and let's customers we XX, with continue back win Chain current quarter to welcoming ratified at execute operations right-size & The approximately a out our growth & we back of freight ratification related the and our our customers. group proactively Now, freight. the when contract our in business, UPS million Chain performance customers’ process produced
Looking The air group generated growth, driven in group. Freight, profit at units Supply business and was ocean the freight, forwarding other brokerage international by Chain & the outstanding excellent. coyote performance and
unit increased the by in and aerospace, great all contributing. of best and the another period the and growth. & margins. cost example, quarter, year, sectors profit achieved control shipment logistics almost retail in grew Distribution Overall, revenue expanding outstanding ocean healthcare, For manufacturing had with profit double-digit freight X%, Chain this all team fourth world Freight good the growth, year, growth. regions produced The double-digit results with Supply operating and its
profits stack, XX%. by In fact, we on group almost grown this two-year have a in
billion billion our quarter improvement flow. was billion continued first as well the expectations. be year, has by XXXX year. to sheet, working financial investments with basis, our $X.X benefits as to It during initiatives the adjusted UPS almost XXXX, in line from capital UPS. billion buyback, tax On of $X.X Now, strength XX% to of with an we balance a year. In dividend hallmark the generated $X.X per made a the in of let’s adjusted free this increase $X.X UPS $X capital distribution. represents That billion and shareholders, throughout refunds from in in returned share turn nearly in the cash share aided
be estimate could XX% XX%. on discrete effective new the estimate positions. XX% fourth resolution and tax the slightly tax rate primarily effective tax rate the for was related final Our uncertain benefit over In tax the of resolution final our quarter, tax due the to to we to based between of regulations. XXXX, The change
network the built of year this cover few as in years. profit generate last over have guidance. We UPS rest Let’s developed momentum, the of XXXX that view in our transformational operating from a of the advancement real substantial our will increases It’s strategies investments year. and been progress.
is in million. timing service $XXX segments, revenue driven vesting vesting with real into initiatives. will X%, rates five benefit the quality discount reduces in aligned an our by to up event to XX,XXX to We in grow line which the results driven is a mostly is about mobile all part program in management it increase employees years. The the by non-cash workforce. X% program, teens, Included profit no the to the Also over vesting In of this from operating brings period the economic to double-digit. the peers profits expect low Diving almost lower deeper in with segments headwind. today's increase five to expect update three results UPS' year. we an to revenue from offsets impact. drag incentive operating is with the stock higher total and compensation guidance, annual our US, one expense in The costs, It next for fade a and short-term
and We’re well with the rates. and XX% Operating in the mid planning mix, customer XX%, digits base as in to product the for an is shipments in as We projected anticipate expansion digit expansion. growth range. between single and grow coupled to low be in ground profit margin improvements air single in to high
increase segment international a to mix average X%. increase shipments to with X% up X% daily to revenue the Product revenue strong as another yields. will expect year, We result, X%. And have will
margins XX% maintain will We operating growth generate to industry-leading our of XX%. to expect profit and
Chain Supply we continue strategy. to & the Freight disciplined in segment, will Finally, the execute
increase the We expect to range. in to mid profit low operating teen
half out the headwinds the with During XXXX some first Breaking per anticipate remain adjusted ratification $X.XX. some freight of we year, of key from start the process. drivers of of to let's contract the XXXX the share guidance, earnings
XX% other of the XXXX and affecting turbulent return. the higher and year-over-year up pension Pension pension segment asset profit The performance, the our historical the below First, late be is the outstanding between cost more markets factors the and The external anticipated XX%. to gains offset specifically to below-the-line asset major returns year. underlying in be strong is would tax. partially items, and income lower by due were driver expense interest financial norm growth
we last tax, $X.XX adjusted anticipated of will altogether, below-the-line Putting to about growth and to all are full-year that repeat. be from to we year-over-year the year, expect or adjusted not pension muted EPS points. $X.XX in discrete to tax, tax Moving earnings items the grow Combining basis diluted enjoyed benefits it range $X.XX. share per XXX by
tax EPS the one by first Easter moving will of less muted, operating not Looking and repeat. in results be at day, the benefits quarters, April to driven that quarter, the the XXXX will seasonality across
to adjusted about expect full-year XX% be We earnings per of EPS midpoint. share the
of EPS part distribution remaining charges three guidance. between XXXX expect be in EPS not approximately and Transformation of the of XX% are We range across our the adjusted XX% midpoint. of to quarters, the a equal full-year
X.X% our investments, guidance which affirm buildings for to expect initiatives and flexibility instrumental and XX% the our on launched. efficiency and automated additional CapEx will season. year of continue Smart success this technology, include provide the Network expand charges this as These UPS revenue and Global Logistics between of of in were We and are We XXXX. information peak
dividends, shareholders and reward share to to plan in in $X board growth billion approval, anticipate around we of Additionally, XXXX. subject with buybacks
We is billion, Adjusted year based anticipated to XXXX capital be million We real a year. also expect the operating be upside profit. initiatives. as $X.X to share shares potential in the our of UPS about working on additional generating billion XXX flow throughout dilutive free view for with a increase with cash $X progress, between count substantial and
in three open grow line. to operator the operating all you. now, We And profit Thank the ask expect to low up the I’ll with teens double-digit. total Operator? segments
