0001090727-13-000024.txt : 20130712 0001090727-13-000024.hdr.sgml : 20130712 20130712083306 ACCESSION NUMBER: 0001090727-13-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130712 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130712 DATE AS OF CHANGE: 20130712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED PARCEL SERVICE INC CENTRAL INDEX KEY: 0001090727 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING & COURIER SERVICES (NO AIR) [4210] IRS NUMBER: 582480149 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15451 FILM NUMBER: 13965014 BUSINESS ADDRESS: STREET 1: 55 GLENLAKE PARKWAY NE CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 4048286000 MAIL ADDRESS: STREET 1: 55 GLENLAKE PARKWAY NE CITY: ATLANTA STATE: GA ZIP: 30328 8-K 1 form8-kq22013earningsguida.htm FORM 8-K Form 8-K Q2 2013 Earnings Guidance


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM 8-K
 

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 28, 2013



United Parcel Service, Inc.
(Exact name of registrant as specified in its charter)
 

 
 
 
 
 
 
Delaware
 
001-15451
 
58-2480149
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
 
 
 
55 Glenlake Parkway, N.E., Atlanta, Georgia
 
30328
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code (404) 828-6000
Not Applicable
(Former name or former address, if changed since last report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 2.02 — Results of Operations and Financial Condition.
     
On July 12, 2013, United Parcel Service, Inc. (the “Company”) issued a press release containing information about the Company's results of operations for the second quarter ended June 30, 2013. A copy of the press release is attached hereto as Exhibit 99.1.
 
Item 8.01 — Other Events.

On June 28, 2013, United Parcel Service, Inc. (the "Company") and the International Brotherhood of Teamsters agreed to an extension of the existing National Master Agreement, which covers the Company's U.S. domestic small package employees, and all local riders, supplements, and addenda. The extension is open-ended and can be terminated by either party on thirty days' notice. The agreement covering UPS Freight is scheduled to expire on July 31, 2013; however, UPS remains committed to resolve remaining issues on the UPS Freight agreement.

Item 9.01 — Financial Statements and Exhibits.

(c) Exhibits

99.1       Press release dated July 12, 2013







Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
 
 
 
 
 
UNITED PARCEL SERVICE, INC.

Date: July 12, 2013
 
 
 
By:
 
/s/ Kurt P. Kuehn
 
 
 
 
 
 
Kurt P. Kuehn
 
 
 
 
 
 
Senior Vice President and Chief Financial Officer
 
 
 
 
 
 
 



EX-99.1 2 exhibit991-pressreleaseear.htm EXHIBIT 99.1 - PRESS RELEASE EARNINGS GUIDANCE Exhibit 99.1 - Press Release Earnings Guidance


For Immediate Release


Contacts:
Andy McGowan, Public Relations
 
404-828-4663
 
Andy Dolny, Investor Relations
 
404-828-8901



UPS ANNOUNCES 2nd QUARTER
EXPECTED RESULTS
Lowers Full-Year EPS Expectations
ATLANTA, July 12, 2013 -- UPS (NYSE: UPS) today announced that second quarter diluted earnings per share are expected to be $1.13. Overcapacity in the global air freight market, increasing customer preference for lower-yielding shipping solutions, and a slowing U.S. industrial economy drove revenue and operating profit below expectations. In addition, UPS experienced some slowing in package volume growth as a result of labor negotiations.
“We expect the second quarter market trends to persist and UPS is adapting to meet these conditions,” said Kurt Kuehn, UPS Chief Financial Officer. “Despite downward revisions to economic forecasts for the second half of the year, we anticipate solid profit growth. However, we are reducing guidance for 2013 adjusted diluted EPS to a range of $4.65 to $4.85, a 3 - 7% increase over last year.”
The company will release its second quarter results on Tuesday, July 23, 2013, at approximately 7:45 a.m. ET. At 8:30 a.m. ET, UPS will conduct an investor conference call. This call will be open to reporters and the public on a listen-only basis, via a live Webcast. To listen to the live Webcast, go to http://www.investors.ups.com.
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business.  Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide.  The company can be found on the Web at UPS.com and its corporate blog can be found at blog.ups.com.  To get UPS news direct, visit pressroom.ups.com/RSS.
# # #
Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties.  Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, our competitive environment, increased security requirements, strikes, work stoppages and slowdowns, changes in energy prices, governmental regulations and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.


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