New York Stock Exchange-listed American package delivery company UPS reported a 15 percent increase in full year consolidated revenue to $97.3 billion. While operating profit was $12.8 billion, adjusted operating profit was $13.1 billion and operating margin came in at 13.2 percent. Cash from operations was $15 billion and free cash flow was $10.9 billion.
"UPS expects to deliver its 2023 consolidated revenue and operating margin targets one year early. For the full year 2022, the company expects consolidated revenue of about $102 billion, an adjusted operating margin of approximately 13.7 percent and adjusted return on invested capital to be above 30 percent," says an official release.
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