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UPS Releases 2Q 2024 Earnings
UPS announced second-quarter 2024 consolidated revenues of $21.8 billion, a 1.1% decrease from the second quarter of 2023. Consolidated operating profit was $1.9 billion, down 30.1% compared to the second quarter of 2023, and down 29.3% on an adjusted basis. Diluted earnings per share were $1.65 for the quarter; adjusted diluted earnings per share of $1.79 were 29.5% below the same period in 2023. For the second quarter of 2024, GAAP results include an after-tax charge of $120 million, or $0.14 per diluted share, comprised of a one-time payment of $94 million to settle an international regulatory matter, and transformation and other charges of $26 million. “I want to thank all UPSers for their hard work and efforts in the second quarter,” said Carol Tomé, UPS chief executive officer. “This quarter was a significant turning point for our company as we returned to volume growth in the U.S., the first time in nine quarters. As expected, our operating profit declined in the first half of 2024 from what we reported last year. Going forward we expect to return to operating profit growth.”
Built in Wisconsin, for Wisconsin: QuadMed to power Sheboygan’s InHealth Center
A coalition of Sheboygan-area public employers has selected QuadMed as their new clinical partner for the Sheboygan InHealth Center, bringing a Wisconsin-founded, physician-led care model to employees and families across the community.
The partnership unites Sheboygan County, the City of Sheboygan, the Sheboygan Area School District, and the Town of Sheboygan behind a shared goal: a more coordinated, data-driven approach to primary care that improves access, elevates outcomes, and bends the long-term cost curve for the people who serve this community every day.
QuadMed was founded in 1991 by Harry V. Quadracci, father of Kathryn Quadracci Flores, when he hired a physician to provide care for his employees onsite at Quad (then known as Quad/Graphics) in Pewaukee, Wisconsin. He believed employers could bring employees better and more affordable healthcare than they were getting in the community. More than three decades later, QuadMed remains family-controlled and physician-led.
