UPS released its earnings last week. Volume fell here but grew overseas. Pricing power in the US was good and revenue surged despite weak volume because big investments in technology resulted in worker hours falling 2%. UPS mgt also had concerns about oil. In short: great $$$$, mediocre US outlook, a better situation in Asia, good times for technology firms, bad times for workers and fears about oil.
Tag Archives: Earnings
Home Builders Hurt Hard
NVR, Inc., a large home builder reported lower than expected earnings as sales dropped and margins narrowed. Looking through their financials there is not much to be happy about. If, arguably, the strongest public builder in the strongest markets (DC and northeast) can muster -18% on Y-o-Y orders and -75 basis points on Q-o-Q gross margins, it’s not great. And home construction must get healthy for a full economic recovery.