Liquidity and financial condition remain strong, company says
UPS recently announced first-quarter 2020 diluted earnings per share of US$ 1.11 and adjusted diluted earnings per share of US$1.15 in a press statement. The company’s results were adversely affected by the disruption to customers from the global pandemic
UPS has been designated by governments around the world as a critical infrastructure business and continues to operate in all major countries, while adhering to additional regulatory requirements, the statement continued.
In the U.S., the company is also front and center in leading the pandemic logistics response for the Federal Emergency Management Agency (FEMA) and other federal and state government agencies.
As a logistics leader, UPS is supporting FEMA and its Project Airbridge by managing charter flights around the globe. UPS has delivered several million pounds of Personal Protective Equipment for FEMA into dedicated UPS distribution space.
“I want to thank all 495,000 UPS employees for their extraordinary efforts to leverage the full power of our global network in the fight against the pandemic, keeping critical goods moving for businesses and consumers globally,” stated David Abney, UPS chairman and CEO.
