UPS also sees FY15 rev growth of +5-6% (Capital IQ consensus calls for +5.3% growth over FY14 ests); issues downside FY15 EPS guidance (as mentioned at 13:29); reaffirms FY14 EPS guidance
- The company's long-term financial goals for 2015 to 2019 are:
- Revenue growth of 5% to 7% average annual rate Earnings per share up 9% to 13% per year
- Return on invested capital between 25% and 30% Share repurchases of more than $15 billion and total shareowner distributions totaling $30 billion.
- Co also sees Share repurchases of $2.7 billion.
- Co reaffirmed FY14 guidance of $4.90-5.00 vs $4.96 Capital IQ consensus. In addition, UPS disclosed plans to make in Q4 2014 a $1 billion accelerated pension contribution to its company-sponsored pension plans.
- As mentioned earlier, Co issues downside guidance for FY15 (Dec), sees EPS of $5.45-5.70 vs. $5.71 Capital IQ Consensus Estimate; sees FY15 rev growth of +5-6% (Capital IQ consensus calls for +5.3% growth over FY14 ests)
- Kuehn outlined plans for capital investments of 4.5% to 5% of revenue annually for 2015 to 2019. The company plans to invest approximately $2 billion over the next five years to expand its international infrastructure in Europe, Asia and the Americas.