and David, morning. good Thanks,
I’ll previously and of consolidated earnings first a and guided. flexible are our Let’s a of $X.XX in to begin includes quality. our continue each efficiency combining positive revenue that performance highlights are the our see headwinds integrated on the our of strategies call opportunities driving share impact quarter our first our the segments all to of segments. from by network businesses begin This $X.XX. network deliver we expected had of our quarter, flexibility year-over-year additional for across about services and additional expanded with was and to We talking the growth value portfolio per summary customers. unmatched having initiatives In
XX We cost segment per Additionally, Considering share. in in $X.XX good points. was the limited impact we from severe fuel of about to of about our and domestic the basis plans. including above piece impact this, X.X%, experienced cost weather U.S. performance just had quarter some the unexpected per of earnings increase control of an about growth
In addition, we quality. made performance dynamic positive gains strong. this in was in revenue International environment
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U.S., volume the at Now detail. give I’ll revenue a X% by digital both and led quarter. Nonetheless, impacted engagement grew piece by the the nearly we three segments greater bottom for the of line per was to months revenue in in Average was volume ground saw we the driven in on targeted volume driven quarter revenue and that growth results. all quarter. you daily Total and air balance on all growth X%. and customers weather products drag turn continued this services year-over-year line the the gains almost top smaller in the improved UPS and deliveries BXB strategies. with growth and a basis that increased BXB quality by from BXC In
lowered customer While quality in was revenue per we package make up, from air Overall, a like weather e-commerce. healthcare, higher yields. piece manufacturing continue progress industries targeted growth and to revenue and transitioning mix mix to volume characteristic,
payoff, to expense in periods. network in On the recent starting expense investments compared our side, reducing to growth are
$XXX profit segment diminished quarters. lowest domestic domestic in points. U.S. million that We million. U.S. achieved weather by estimate $XX by profit about the operating margin a As cost operating quarter’s growth basis result, about operating XX was impacting unit many its this
in increased delivered the as progress efficiency brought We to our are making XXXX U.S. the line new late automated on the in with facilities network. investments
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things. Our balance three great of results were a
to First, to our adapt changing conditions. the customers help ability
bottom costs; improvements Second, line our our And efforts finally, enabling our together results. controlling our great in flexing success at network. in global
The profit than Profit were among from results revenue. Now strategy to chain million. the freight freight XXX broad supply let’s basis Operating our year-over-year expand delivered and enabled services chain the forwarding. good which lower performance. $XXX on excellent particular segment. strong XX% points execution by its units asset-light The includes margin look with to contributions many financial segment at and supply of jumped more
revenue freight was forwarding the execution in from primarily terrific units, Looking lanes unit of business Lunar to the contributed recovery at quarter cost down whole outbound due air the Year. individual Asia a the strategies. New management on slow the of as International
resulting both However, the teams year-over-year the successfully spread sequentially expanded profits. in stronger buy-sell and
In their Coyote our truckload transportation market. quarter. on due produce high to were expense quality a in use brokerage the approach rates By response in cost to changes the adjusted condition, continue Additionally, strategy growth. for current deliver proactively market to of customers, technology loads Coyote on leverage down to purchased the disciplined market profit high-quality implemented service focus the management, to continuing outstanding and the capacity to the to
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UPS and let’s flow and Now turn during operations cash from investments $XXX cash sheet. the quarter of billion that $X.X $X.X support enhancements. generated about to billion million is mainly which balance network capital with in the free in about
throughout to as our flow XXXX track working of cash working on produced cash in implemented free with upside we additional have It of our be should adjusted potential we year. noted the billion capital We are target initiatives for seasonality part last on free of flow capital the initiatives. to from that billion our based $X.X meet $X transformation
this In X.X% quarter basis. somewhat in expect have first $XXX the which into represent quarter continue shifted dividends on forward. payments from XXXX. pattern million XXXX distributed fact, saw the fourth we of moving share a about the to of the quarter increase in per We XXXX of UPS benefits fourth and
period same we X.X million. purchased year, the $XXX million shares about or Over last however,
in came effective Our tax for quarter the rate at XX%.
expect and rate of will for tax be XX% We the XXXX. rest our between XX%
Now on moving guidance. to
all costs executing transformation to a as investments year $X.XX network $X.XX of revenue and a announced. be range XXXX view the and improve with deliver charges growth As reminder, segments XXXX in included real are expected in uncertain operating to our up not to guidance. in year higher our despite operating Full We strategies our we in as progress of of is digits. year previously double low profit conditions. three is had EPS a growth by quality
guidance. our understand quarterly unfold We to plans want Turning help and across the they better how to you year.
year our year. deliver for third half about new during to these the in bring will new of the should year-over-year We U.S. XXXX the quarter, capacity the the throughout mid-single profit the planned this For costs new of benefits Total adjusted we below the during nearly pension sit results opening more enable expect quarter related The were quarter new over is the second year quarter. EPS expense benefits end last to example, fourth line. grow be period us of comparison operating relatively given XX% to facilities half our the to due of no expected the last financing affect flat facilities but online in of new capacity sort by remainder largely of year, brought we to the optimized online and digits open opened. within will provide year, second In to our the of us the ability last our to capacity XX% to second and which year. plans same the
elevated operating due worth tailwinds of million a approximately of million profit. is expected day variety material additional $XX Third quarter one $XX EPS including to be to to
automated Additionally, the facilities this along the come we first, the benefits with that expect year efficiencies XXXX investments from from facilities. online escalating in
items that commodity and transformation repeat. And year Second, of not quarter in first midpoint. in In plans productivity EPS voluntary from strategies that its starting hits are combination our efficiency The plan XX% these in during the like to rate summary, programs year-over-year quality. enhanced guidance our headwinds finally pay July. lift run providing gain from of XXXX and will And full real-time our revenue positive international retirement unit benefits global should full around the the network flexibility. and our progress the business each we to in smart improved made off more demonstrated investments logistics which gains
build you. margins to As expect and I’ll profits the line. on as ask Thank now our the year expand momentum. improve we operator open we unfolds, to And the Operator?
