Fourth-quarter 2018 GAAP results include a mark-to-market (MTM) non-cash, after-tax pension charge of $1.237 billion, which represents an after-tax charge of $1.42 per diluted share.  In the prior-year period, the company’s GAAP results included $0.40 per diluted share related to mark-to-market pension charges and benefits from the Tax Cuts and Jobs Act.  

 

For the total company in 4Q 2018:

 

• Revenue increased 4.6%; currency-neutral revenue was up 5.2%.

• Average revenue yield expanded 4.1%, with gains in all products.

• Achieved record shipments and exceptional on-time service during the peak holiday season.

 

The segment benefited from UPS’s Transformation initiatives, new network capabilities and higher-quality revenue during the period. The U.S. Domestic segment delivered more than 21 million packages, on average, per day with strong revenue yields and record on-time performance. Shipment growth was balanced, as business-to-business and business-to-consumer packages grew in the quarter.  As anticipated, operating profit was reduced by planned pension expense, start-up costs for several large facilities, and one less operating day than in the prior year’s fourth quarter. 

 

	4Q 2018	4Q2017
Revenue	$12,575 M	$11,833 M
Operating profit	$999 M	$1,087M