UPS Inc. reported a fourth-quarter net loss on a $3 billion retirement-plan charge but posted an adjusted operating profit for the period.
Its net loss after the charge was $1.75 billion, or $1.83 a share, compared with a profit of $725 million, or 74 cents, a year earlier.
Revenue rose to $14.6 billion from $14.2 billion a year earlier, UPS said Thursday.
Its adjusted operating profit for the quarter was $2 billion, or $1.32 per share. Hurricane Sandy reduced its quarterly earnings by about 5 cents per share, the company said.
For the full year, UPS earned $807 million, or 83 cents per share, down from $3.8 billion, or $3.84, in 2011. Revenue rose slightly to $54.1 billion.
Its supply chain and freight unit had a $541 million operating loss in the quarter due to the charge, but posted an adjusted $172 million profit. Revenue rose 4% to $2.4 billion.