…greater than operating profit for full FY 2014
Mar 25, 2015
The Postal Service’s financial results for the month of February 2015 were posted today on the Postal Regulatory Commission’s website.
For the fiscal year so far (October 2014-February 2015), the Postal Service has a $1.401 billion operating profit (see ‘Controllable Operating Income (Loss)’ line in the report linked here). This result, for the first 5 months of this fiscal year, exceeds the $1.374 billion operating profit for the entire fiscal 2014 year (see pg. 14 of the 2014 10-K attached here).
Through February, total mail volume is up 0.5 percent and total mail revenue is up 3 percent compared to the same time last year. First-Class Mail revenue is up 3 percent, and First-Class Mail volume is down only -0.7 percent compared to last year. Standard Mail revenue is up 4.5 percent and Standard Mail volume is up 1.4 percent compared to last year. Shipping & Package revenue is up 8.5 percent and volume is up 12 percent compared to last year.
For the month of February 2015, the Postal Service had a $76 million operating profit, down slightly from the results for the same month last year, but a higher result than planned.
With one month left to go in the fiscal second quarter, the Postal Service’s 2Q 2015 results are looking good. Stay tuned.