2022 Outlook
The company provides guidance on an adjusted (non-GAAP) basis because it is not possible to predict or provide a reconciliation reflecting the impact of future pension adjustments or other unanticipated events, which would be included in reported (GAAP) results and could be material.
For 2022, UPS reaffirms its full-year financial targets:
- Consolidated revenue of about $102 billion
- Consolidated adjusted operating margin of approximately 13.7%
- Adjusted return on invested capital above 30%
- Capital expenditures of 5.4% of revenue, or approximately $5.5 billion
- Dividend payments, subject to board approval, of about $5.2 billion
