United Parcel Service reinstated about 35 recently organized workers on Friday after they were laid off by the global delivery firm, the International Brotherhood of Teamsters said in a post on X, formerly known as Twitter. On Thursday, it had threatened to respond by filing unfair labor practice charges and potentially striking - a move that could have delayed packages during the crucial holiday shipping season. All affected workers will receive full back pay and return to their positions on their next scheduled workdays, the Teamsters said.
Today's Research Daily features new research reports on 16 major stocks, including Chevron Corporation (CVX), SAP SE (SAP) and United Parcel Service, Inc. (UPS).
As articulated previously, in June 2021, management laid out its 2023 targets for revenue, operating profit margin, and operating profit and promptly hit them a year early in 2022. For reference, management started the year forecasting full-year revenue of $97 billion to $99.4 billion and adjusted operating profit margin of 12.8% to 13.6%. Fast-forward to the third quarter earnings report in late October, and management now expects revenue of $91.3 billion to $92.3 billion and adjusted operating margin of 10.8% to 11.3%.