8-KOther Events

UNITED PARCEL SERVICE INC 8-K Report (Oct 24, 2003)

Filed October 24, 2003For Securities:UPS

Summary

United Parcel Service, Inc. (UPS) filed an 8-K on October 24, 2003, to report on its financial results for the quarter ended September 30, 2003. The key event was the issuance of a press release on October 21, 2003, which detailed the company's operational performance for the period. This press release, furnished as an exhibit, contained information that UPS believed was important for investors to understand trends and make comparisons to prior periods. While the 8-K itself doesn't provide the granular financial details, it serves as the official notification that the company has disseminated this information to the public. Investors should refer to the referenced press release (Exhibit 99.1) for specific figures on revenue, earnings, and operational metrics. The filing also emphasizes the company's use of non-GAAP financial information to facilitate meaningful comparisons between the 2002 and 2003 fiscal years, suggesting a focus on underlying business performance beyond generally accepted accounting principles.

Key Highlights

  • 1UPS filed an 8-K on October 24, 2003, reporting on its Q3 2003 results.
  • 2The primary event reported is the issuance of a press release on October 21, 2003, containing financial results for the quarter ended September 30, 2003.
  • 3The press release is provided as Exhibit 99.1 to the 8-K filing.
  • 4UPS indicated that the press release contains non-GAAP financial information.
  • 5The company believes this non-GAAP information allows for meaningful comparisons between 2002 and 2003 results.
  • 6The filing is a notification to the SEC and investors about the release of Q3 earnings information.
  • 7D. Scott Davis, Senior Vice President, Chief Financial Officer and Treasurer, signed the report.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report and furnish a press release that details United Parcel Service, Inc.'s (UPS) financial results for the quarter ended September 30, 2003. It serves as a public notification of the earnings announcement.

The specific financial details for UPS's third quarter of 2003 are contained within the press release dated October 21, 2003, which is attached as Exhibit 99.1 to this 8-K filing. Investors will need to consult that press release for figures on revenue, earnings, and other operational performance metrics.

UPS stated that it used non-GAAP financial information because it believes this approach allows investors to perform more meaningful comparisons of the company's performance between the 2002 and 2003 fiscal years. This suggests a focus on underlying operational trends that may be clearer when certain accounting adjustments are excluded.

No, this 8-K filing itself does not contain the detailed financial statements. It primarily serves as an announcement that a press release with this information has been issued. The detailed financial information is located in the attached press release (Exhibit 99.1).