UPS · United Parcel Service Q2 FY2026 earnings call record财报电话会记录

“Excluding Amazon, total air ADV increased 1.2% year-over-year, driven by SMB and healthcare customers.”

“SMB average daily volume increased 4.3% year-over-year, with growth from nearly all industries, led by high tech and healthcare.”

“domestic generated $14.9 billion, an increase of 6% year-over-year, with both SMB and enterprise customers contributing to the increase.”

“Growth in revenue per piece was strong and increased 9.3% compared to the second quarter of last year.”

“Operating profit in the international segment was $623 million, down $59 million year-over-year.”

“International operating margin in the second quarter was 12.4%, which includes a 120 basis point year-over-year negative impact from fuel.”

“Domestic, we expect full year 2026 revenue of approximately $60 billion, up 1% year-over-year, and an operating margin of approximately 7.5%.”

“Operating margin in the international segment is expected to be in the mid-teens.”

“For the full year 2026, capital expenditures are still expected to be about $3 billion, and we plan to complete our pension contribution of $1.3 billion.”

“We will have eliminated 50 million hours through the course of last year and this year, nearly 78,000 operational positions that were associated with that volume, and we'll close nearly 150 buildings.”

“We will still continue to have an impact of Amazon as we wrap into the first half of 2027 and comp that volume out.”

“Do you think that you're in a situation where you're right-sized on the 2H, 2026, 2027, demand outlook, or is there more trimming or even growth that needs to be done on the capacity side, just given the ebbs and flows of demand over the last 18 months?”