Tag: USPS income

  • 3 versions of USPS 1st quarter results reported

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    by

    Steve Kearney
    in

    Depending on the report you read, the USPS had a great, a pretty good, or a terrible first quarter. The net income according to generally accepted accounting principles (GAAP) was $1.4 billion. The “controllable” by postal management net income was $522 million, and the GAAP net income minus an adjustment to workers’ compensation (WC) expense…