UPS Q3 Earnings Climb
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For the nine months ending Sept. 30, UPS generated $3.5 billion in free cash flow. The company also:
• Paid dividends totaling $1.36 billion.
• Invested $1 billion in capital expenditures.
• Repurchased 9.3 million shares at a cost of $589 million.
U.S. Domestic Package
Adjusted operating profit increased 77 percent to $911 million on revenue growth of 6 percent. The margin expansion of 500 basis points was driven by volume growth, improved yields and the benefits of more streamlined operations. Reported operating profit was $1.02 billion, a 98 percent increase.
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