UPS Targets Revenue of $98 Billion to $102 Billion for 2023
June 09 2021 - 6:37AM
Dow Jones News
By Dave Sebastian
United Parcel Service Inc. said it is targeting to book about
$98 billion to $102 billion for 2023, compared with $84.63 billion
in 2020.
The delivery giant laid out the financial projections ahead of
its investor and analyst conference that is set to start at 9 a.m.
ET Wednesday.
The company said it sees adjusted operating margin of about
12.7% to 13.7% in 2023. It expects capital spending from 2021 to
2023 of about $13.5 billion to $14.5 billion, as well as adjusted
return on invested capital ranging from about 26% to 29%.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
June 09, 2021 06:33 ET (10:33 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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