3 Reasons This Dividend Stock Had Its Best Quarter Ever
After posting impressive second-quarter and third-quarter results, United Parcel Service (NYSE: UPS) blew fourth-quarter expectations out of the water thanks to improved profit margin. The headline story for UPS in 2020 was higher revenue -- as lower-margin, higher-volume business-to-consumer (B2C) shipments displaced higher-margin lower-volume business-to-business deliveries (B2B). The narrative changed in the fourth quarter when UPS was able to grow revenue, adjusted operating profit, and operating margin across the board. It was a "prove it" quarter, and UPS delivered by growing margins for the first time during the pandemic.
Let's dive into each of UPS's segments to find the factors that contributed to the transportation stock's best quarter ever.
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Source Fool.com
