United Parcel Service Inc. released Q3 2006 earnings today. Despite high fuel prices during much of Q3, UPS posted strong number in domestic and international package shipments.
Overall, UPS revenue was up over $1 billion from Q3 205, totaling $11.66 billion. Operating profit was $1.58 billion for the quarter. Average daily package volume was up from 14.3 million in Q3 2005 to 15.1 million in Q3 2006. Diluted EPS stand at $0.96, up 12%. UPS generated $4 billion in cash from operations; repurchased 26.5 million share; paid $1.6 billion in dividends; invested $2.3 billion in capital expenditures; and contributed $1.5 billion to UPS-sponsored pension plans