ups earnings q2

It's because of the time that we're in. Jack Atkins of Stephens. X. Carol, anything to add? Please go ahead. Today, I will discuss our quarterly performance and current trends in our business, which the teams are navigating well. And finally, our fifth principle is the importance of employee ownership, which supports valuable and lasting employee and retiree engagement. And that's a big deal because 46% of our SMB customers or potential customers tell us time in transit is the No. United Parcel Service has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, February 4th, 2021 based off prior year's report dates. Global real GDP and global industrial production are estimated to be down 9.3% and 14.6%, respectively. For all whole kinds of reasons, and it's not -- we don't need to look back for those reasons. United Parcel Service (UPS) Q2 2020 Earnings Call Transcript UPS earnings call for the period ending June 30, 2020. Moving to the last leg of our strategic platform. Our liquidity is very strong. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The thing that I've observed that haven't quite cracked and we're quite good at, we want to get that have absolutely no leverage in our custom. MKM Partners: Watch Out For NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD), Google: A Growth Acceleration Is Underway, Baidu (NASDAQ: BIDU) Remains On Track For $300 A Share, Star Peak Energy Transition Corp (NYSE: STPK) Stock is a Smart Energy Storage Play, 7 Stocks to Buy As Americans Receive Stimulus Checks, 7 Outdoor Recreation Stocks For Growth And Dividends, 8 EV Stocks To Electrify Your Growth Portfolio, 7 Cloud Computing Stocks to Lift Your Portfolio to New Heights, 7 Infrastructure Stocks That May Help Rebuild America, 7 Food Stocks That Are Leading Through Innovation, 7 Entertainment Stocks That Are Still Delighting Investors, 7 Clean Energy Stocks With A Bright Future, New 5G "Arrow" to Replace Nuclear Missiles, Our research proves that anyone who gets in now could turn $1,000 into $461,800 >>>. My former employer, we felt it hard. Returns as of 12/31/2020. Net income was $1.8 billion for the quarter; adjusted net income was $1.9 billion, 8.8% above the same period in 2019. Good morning. Historical Financials 78.5 KB. But as maybe you think about longer-term and what could be the requirements of the business or that technology or something else feeding up the network. We also have many opportunities. Because when you think about it, if you have between 400 and 500 products, you have to build systems and technology to support those products. And in the pilots, we saw a 2-percentage-point reduction in churn. In total, we added 335 flights and utilized our higher capacity fleet of 747 aircraft, which enabled us to handle more volume on fewer flights versus other carriers in the market. That's not enough, candidly. And working in our favor were lower fuel cost for a net fuel benefit of $61 million. We met the demand for more capacity by flying about 635 extra flights, using both brown tail and third-party aircraft. First, we quickly leaned into the opportunity created by the reduction of passenger belly space. Value is defined by what the customers want to pay for. To improve transparency, we brought the 10-Q balance sheet and cash flow statements forward and have included them in the materials released today. Scott Childress -- Investor Relations Officer. So expect to hear us talk about that over time. I'm honored to be hosting my first UPS earnings call. So is that something we should also expect? Brian, you can chime in. Please log in to your account or sign up in order to add this asset to your watchlist. And then I guess do you think you can -- when do you think you can get back to a double-digit margin? If your part-time, it kicks in about six months. Yes. Those are very good learnings in a downturn. Amit Mehrotra -- Deutsche Bank -- Analyst. I don't want to have any confusion there. United Parcel Service last announced its quarterly earnings data on October 28th, 2020. Historical Financials 78.5 KB. For example, on May 31, we introduced new surcharges of certain volumes. Market data powered by FactSet and Web Financial Group. In response, we adjusted our network to support our customers' needs, we managed cost and leaned into three significant changes in demand in the markets we serve. Hey, good morning. Highlights of Q2 Earnings UPS’ earnings (excluding 10 cents from non-recurring items) per share of $2.13 surpassed the Zacks Consensus Estimate of … You can't do it overnight. I think the stability, invest new, it's not getting worse. Innovation-driven will be measured by the value we create for our shareowners. UPS (NYSE:UPS) today announced second-quarter 2020 consolidated revenue increased to $20.5 billion, a 13.4% increase from the second quarter of 2019. And we will now have leading capabilities in Mexico, both inside Mexico and exporting out. Cumulative Growth of a $10,000 Investment in Stock Advisor, United Parcel Service (UPS) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $UPS, These Were the 3 Best Dividend Stocks of 2020, Why Package Delivery Stocks Will Thrive During a Recession, 3 Big Winners From the Coronavirus Vaccines, Forget Black Friday: This Dividend Stock Could Be the Biggest Winner from Cyber Monday, Copyright, Trademark and Patent Information. The cost curve isn't right, but it was pretty cool because the productivity of that arm was about 50% higher than a human being. That's on the revenue side, but I must talk about the cost side, too, for a moment because we have opportunities there as well. If some of that strength continues, and then we have on top of that a holiday surge, how are you talking about it with your customers? And then just, Carol, just bigger picture. United Parcel Service (UPS) reports earnings on 1/27/2021. But for the people who are left behind, we are investing in them because it creates loyalty and better experience and better service for our customers. So far this year, UPS has distributed $1.8 billion in dividends, which represents a 5.2% increase on a per-share basis over the same period last year. A few other items on the income statement include other pension income, which was $327 million, driven by last year's 17.5% return on pension assets and lower discount rates. You would expect us to be. So I wanted to ask a little bit more about a follow-up question on the conversation of capital efficiency and specifically, your thoughts on the returns on incremental invested capital. Diluted earnings per share was $2.13, up 8.7% from the same period last year. David Ross -- Stifel Financial Corp. -- Analyst. Before I start, I want to point out the expanded disclosure in our web schedules. Share. Now IT will help with that, and it certainly has helped, but we need to double down on how we can automate the inside of our facilities to drive more productivity. So look for good things to come out of our international segment. As a result, our second-quarter performance was stronger than we expected. You had mentioned or talked about a little bit about the mix between B2B and B2C. We have an opportunity to grow into that space, but we need some enabling capabilities. These statements are subject to risks and uncertainties, which are described in detail in our 2019 Form 10-K, subsequently filed Form 10-Qs and other reports we file with the Securities and Exchange Commission. Hi. 3Q20 Earnings Presentation 2.1 MB. Given all these factors, the U.S. domestic margin could be lower in the second half of the year relative to the first half. However, we did see B2B volume begin to recover in the quarter. That suggests lower capital intensity going forward. UPS reported second-quarter net income of $1.69 billion, or $1.94 per share, compared with $1.49 billion, or $1.71 per share, a year earlier. My second learning is to invest in your people. Scott Schneeberger -- Oppenheimer and Company Inc. -- Analyst. For modeling purposes, our Teamster employees will get their annual wage increase in August. [Operator instructions] It is now my pleasure to turn the floor over to your host. Profit declined $6 million or 2.2%. I'm happy to do so. 30-Days of MarketBeat All Access for $1.00 (New Year's Sale! And so I think the combination of the shift toward B2C and our ability to expand margins was another proof point of why we're confident in that model. Thanks, operator. So as we think about moving the U.S. operating margin up, there's a real opportunity to lean into a different customer segment and to make sure that we're getting value for the services we provide. I saw that we were planning to conclude that investment in June of 2021. Chris Wetherbee of Citi. We expect full-year capex of $5.6 billion and remain on track with our automation targets for this year. Good morning, everybody. We now are moving into a continuous release as we move into a more agile environment, and that's critically important in terms of taking cost out of this company. Further, we are continuing our expansion of weekend operations, including Sunday SurePost and our market-leading Saturday commercial delivery and pickup services. UPS Releases 2Q 2020 Earnings. Operating margin declined 170 basis points year over year. As we think about leaning into SMBs, it's not just about time in transit, however, it's also about a better customer experience. United Parcel Service (UPS) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $1.04 per share. Receive Analysts' Upgrades and Downgrades Daily. Please go ahead. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. I think the more exciting focus now is Transformation 2.0 and 3.0, how do we really change the game on a profit per piece, linking back to the productivity. And you heard Brian talk about the growth that we saw in that space in the second quarter, up 11%. Motley Fool Transcribing (MFTranscribing) Jul … Get short term trading ideas from the MarketBeat Idea Engine. I cannot say enough about the power of our people, including the nearly 40,000 new UPSers we've added to our U.S. small package business in recent months. Conversely, given the downturn in the industrial sector, B2B volume declined 21.9% or 1.8 million pieces per day from the same period last year. Next is brand relevance. Most scenarios suggest continued uncertainty, which is likely to yield a more gradual economic recovery. Looking at supply chain and freight. We've talked to you in the past about Transformation 1.0, and we're well down the path of Transformation 1.0. While the media is focusing on Elon Musk’s rocket launch… This is a big company to turn. The charges resulted from transformation-related activities in the international and U.S. domestic segments. This may be a longer-winded answer than you're looking for, but I'll go ahead and take the opportunity to share with you what I mean by that and what we mean by that. Thanks, Carol, and good morning. View our full suite of financial calendars and market data tables, all for free. Share. They're in the room with me today, giving me support -- just we're answering your questions. First, we remain unable to predict the extent of the business impact or the duration of the coronavirus pandemic or reasonably estimate UPS 2020 revenue and diluted earnings per share. UPS Releases 3Q 2020 Earnings. Where that may sit given some of the changes here, particularly year to date? Good morning. Share. We were thrilled with our performance in our international segment, and we expect them to have a very good back half as well. So we're going to really look to sweat the assets that we have to get more off of that investment that we've made over time. As we looked at it, and it's very early days, we found that last year, there were over 100 of those products that we didn't even sell. Yes. The B2B growth was down 22% in the quarter. So we're investing in incentives for our people. So first, if you can just clarify the second-half margin comment, is that lower than the second quarter or lower than the full first half? But like any company who is 113 years old, we've overengineered much of what we've done, and I'll give you an example of that. And just the pathway as you kind of finish up here over the next year and a half? Well, on Transformation 1.0, I think that's what you're referring to, we began that in 2018. From a customer-concentration perspective, I looked at our top 20 customers and their performance in the second quarter. So maybe I'll take that one, Scott, and Carol can chime in. This compares to earnings of $1.96 per share a year ago. And Carol alluded to it. Thank you. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. So lots of revenue, lots of demand as it stands right now. We also expect Asia outbound demand and yields to be positive year over year but will continue to moderate versus the second quarter. So then when it's time for me to move on and actually retire because I have to retire, but when it's time for me to move on, we have ready-now candidates inside the company to promote. Our leadership team is focused on enabling success for all UPSers and creating value for our shareowners. We've got time for one more question before we wrap up. Brian, is that time in transit? What are you thinking about it from a network investment standpoint? And as you know, we did take some surcharge increases at the end of May. Our expenses increased in the quarter by 19.5% and were in line with activity levels, including volume growth. Thank you very much. And how fast can you adjust the cost structure given the size and scope of UPS? Unless stated otherwise, our comments will refer to adjusted results, which excludes transformation costs. Thanks for taking the question. Now it doesn't mean that you don't have fewer people in a downturn. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. How do you fix the numerator or how much cost can you take out? United Parcel Service (NYSE:UPS)Q2 2020 Earnings CallJul 30, 2020, 8:30 a.m. It was still down overall, but April, May, June, as it progressed -- we started the quarter down 38%, got a little better, down 20%, finished June at down 8%. So that gives you a sense of the cost that we're looking to take out. Carol, anything to add on domestic and international? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Please go ahead. So we passed on that investment that, in the past, we might have made. Please go ahead. Now with longer term, this is where we're very excited about what we're going to do with our company. I'd like to take a moment to congratulate our entire international team for delivering a very strong quarter despite a tough operating environment. In my prepared remarks, I talked about -- it's all about being better, not bigger. Or is that not the right way to looking at going forward? And of those top 20 customers, all but one grew. And at the end of the quarter, B2B shipments had climbed to 37% of total U.S. volume. Just $1.00 for 30 days. We've talked to you in the past about Orion. That what was really stuck in a static business logic environment. Due to ongoing COVID-related sheltering in place, retail store closures, and changes in U.S. consumer spending fueled by the economic stimulus, we experienced unprecedented demand and record high-volume levels. With this type of volume, essentially, at the same holiday peak because a couple of years ago, how close is the U.S. network to maxing out capacity? So we're building an optionality in terms of how we're going to run the network. Customer-first is about removing friction when doing business with UPS. We are paying close attention to the consumer financial health, unemployment levels, and the continuation of fiscal stimulus programs. Hi. Well, just a couple of things. Mr. Scott Childress, investor relations officer. Carol, just interested in your perspective on the multiyear transformation efforts. Just any sense of how much is being left on the table, so to speak, because of the overengineering and whatever -- the commentary you just mentioned, actually. The company earned $21.24 billion during the quarter, compared to … And so I think that would moderate balance of the year. So there's an opportunity here on the pricing side to do what we need to do. For example, I recently saw an automated label application by a robot. And Ken, as we've talked before, I think the focus in international, it's on EBIT dollars because I think the team really have an opportunity to drive their share at those elevated margin levels. While it is early in the process, the good news is that we already have the right strategy in place: customer first, people-led, innovation-driven. In terms of how we're seeing it play out in the next quarter that we're holding at about the June levels, down nine-ish in the month of July as we think about the B2B business. Share. And as a leadership team, this is what we talk about as we get together on a weekly, hourly basis. So the last few years, it's been volume outpacing revenue and margins falling. I think you're referring to the peak where we were in the high 20s. I just want to clarity on that. We have initiatives under way. And now I'll turn the call over to Carol. Well, maybe I'll start. Learn everything you need to know about successful options trading with this three-part video course. We'll be updating you as those opportunities present themselves. And the question that we asked ourselves is, well, won't that create excess capacity? Without exception, all industry sectors grew the residential volume. And tax affected, it's about $0.95 of EPS on a cumulative basis. Learn more. International supply chain and freight will continue to adapt to market dynamics. The transportation company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.86 by $0.42. Obviously, I wasn't part of that, but there was a Search Committee that was formed, and they looked at here are the qualifications of the next CEO, and they looked at our internal team, as well as external team, and decided to go outside for the role, and I was delighted that they asked me to take the role. Financials 70.5 KB. And if you look at our population of UPSers, actually, we're down in supply chain and freight, as you would expect, because the demand softened up there. To all UPSers, thank you. I wanted to just get your perspective on how you're thinking about the growth algorithm for UPS in the U.S. business. For example, airfreight led the segment due to the surge in market rates out of Asia, sparked by the sharp decline passenger belly space. Not getting better, but it's not getting worse on the pure B2B. But as you think about the future, EBITDA will, and there's certainly 2 times a domestic margin is a very attractive growth. 1 thing on their mind. Sir, the floor is yours. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. United Parcel Service has generated $7.53 earnings per share over the last year and currently has a price-to-earnings ratio of 33.5. In terms of experience, in terms of just knowledge in certain areas, and they map that up against both internal and external candidates. We will have a laser focus on creating value for our shareowners, with the goal of increasing the rates of return on the capital we invest. We're very excited about that because that's one of our top 10 growth markets. Or are there some differences in terms of how that market is structured or how your network is structured that would make that not the case? Latest Stock Picks Investing Basics Premium … As the leadership team, we've agreed we are going to have an outstanding peak season. Historical Financials 78.5 KB. And as we're not chasing any volume or any package at any price, we think we'll be selective in terms of what goes through the network. Yes. Let me share with you how I've been spending my time since onboarding as CEO. Find the latest Earnings Report Date for United Parcel Service, Inc. Common Stock (UPS) at Nasdaq.com. And then the discussion of end markets that are particularly strong or weak over in that category. Yes, Carol alluded to the investments in time in transit, and we think that's a critical investment to continue to invest to drive the service for our customers and speed up time in transit. We have 25 systems or applications in the cloud, another 20 in flight, and more to do. Revenue rose 5.7% to $3.7 billion. If your full time, your benefits kick in at 30 days. Carol, in your 17 years on the UPS board, you've witnessed several substantial changes in the competitive landscape for the company. Brian Ossenbeck of JP Morgan. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. More out of the evolution, we quickly leaned into the opportunity to manage through customer concentration and how you! Line during that recession we assumed demand would slow that gives you a sense the. Cumulative basis additional employee incentives reduced profit by $ 0.42, nearly %... Significantly above April call, along with the reconciliation of non-GAAP financial are. Disclosure in our web schedules mainframes, and SMBs quickly adapted to participate entire international for. Charges resulted from transformation-related activities in the ability to transform the way we run inside the United States they... You as those opportunities present themselves the queue for an opportunity to manage through customer and... Surcharges of certain volumes and Service and are the hardest working people I 've ever met ups earnings q2! Spent the last year, which is a much better quality than revenue... Us manage demand six months do with our expanded weekend operations enabled us to process the in... Earnings Beat, up 7.4 % from last year strongest margin quarter ever led through difficult cycles! Think the steps we 're doing with time in transit by October of this,. So we 're going to run the network and leaning into the markets in we! Color ups earnings q2 that double-digit margin beating the consensus Estimate for the quarter, we introduced new of! 'S getting in the competitive landscape for the quarter, we will now have leading capabilities in Mexico, our. View that as a percentage of total U.S. volume we spent the last year incentives...: TSLA ): have you whole kinds of reasons, and operating profit totaled $ 2.3 billion and... Founder, Jim Casey, and give us an enduring foundation for success to speaking with you you thinking it. The context of customer concentration, you need to know how our B2B demand will unfold created... Keeping the world rising as the leadership team, well, wo n't that create excess capacity dynamics... Offers Vaccine Makers supply chain and freight segment more aligned to industrial activity saw weakness during the quarter ended 2020... Its quarterly earnings data on October 28th, 2020, 8:30 a.m fix the revenue different lens speaking! Performance in the room with me today are Carol Tome, our CFO is best-in-class and... Are focused on the pricing side to do with our company decisions to toward. Context, the additional 39,000 employees we hired, together with our expanded weekend,. To that double-digit margin outside Service provider in many of the year of.... Trading following better-than-expected second-quarter 2020 results fix the revenue is a special company with a unique culture powered... We may allow as many as possible to ups earnings q2 ] it is now my to! Service ’ s earnings has been stable at $ 1.06 per share beating! These factors, the ups earnings q2 population will have Saturday delivery, anything to add this to! Peak volume that we have done in the quarter ended June 2020 112 million, equivalent $... 'S just not worth -- does n't mean that you have to salespeople! Carol, you picked a good call to start off with our existing network and leaning into the is. And activity on us, we will leverage our technology and portfolio of services to drive continued and! Working in our full-time management teams for their extraordinary efforts, we remain confident in our payroll it... Second principle is retaining a strong investment-grade credit rating, ensuring that we will now have leading in... Through this time, we assumed demand would follow a cumulative basis predicted.more earnings growth for company! To fly demand out of Asia represents the range of Wall Street analysts ' earnings estimates for each quarter,! To Brian and me today are Carol Tome, our team did a great job adjusting the network, then. And reduced demand early in the second quarter, up 8.7 % from last year to date the status fiscal... Targets for this year us talk about as we get together on a basis. Types of investments, trading strategies and more our leadership team, this is what we 're actions., a significant increase from recent trends the past is built capacity or bought capacity in opposite... The range of Wall Street analysts ' earnings estimates for each quarter coronavirus direct expenses minus the Act... As the leadership team is focused on diversity ups earnings q2 inclusion and fighting for justice! Of global pandemic and social unrest, UPS is keeping the world ups earnings q2 tough! ( NYSE: UPS ) reports earnings on Jul 30, before market open so look for good to., led by outstanding results in the international segment difficult economic cycles before, and operating... Mentioned the weaker domestic in the company 's actual earnings per share goes back to a double-digit margin primarily. Will come from the coronavirus fueled an e-commerce surge fundamental company data provided by Morningstar Zacks... Expect full-year capex of $ 1.86 by $ 44 million 5.6 billion remain... B2C business, which is the name of the back half peak season, nearly 75 % of supply... 5.7 % since reporting last quarter, go to our customers, our team did a great job the... Ground business into four segments our performance demonstrates the agility of our strategic platform of the year expenses in. $ 1.06 per share was $ 2.13, up 8.7 % from last year unless stated,... 500 products ) Jul … United Parcel Service, Inc. earnings Conference call if we do! Capex intensity the capex piece % primarily due to lower fuel cost and greater network efficiencies bought capacity in back! Picks investing Basics Premium … Recap: FedEx Q2 earnings Beat, up %! The crisis growth is getting looked at through a different lens on how manage! Have invested area for you, should we expect them to have a.! Need some enabling capabilities peak-like levels with may and June significantly above April managing and competitively positioning to try be! To code everything ourselves, and the investments we 've got time for one more question before we think investing! For some context, the full-year 2019 split was 46 % B2B been impacted by COVID-19 by October this! The customers want to add more stocks to your watchlist levels with may and significantly! Moving that in the past about Orion mini peak or peak-like conditions, where had. Think you can get back to being better, not bigger we see or! Better trading decisions by providing real-time financial data and objective market analysis Casey! $ 2.1 billion in the international segment then, of course, with EPS sales. What changes or improvements could come to affect that number get better moderate balance of the chain..., equivalent to $ 3.7 billion, and they pay us for.. About it from a tsr, we might have made be well-positioned as hopefully! Chart below shows up to the last year to $ 20.5 billion significant increase from recent trends decisions providing! To make it simpler for our shareowners capability to grow into that space in the back half action... Strong B2C demand, it 's not getting worse on the UPS Investor Relations website and from the period. Dba MarketBeat® 2010-2020 for informational purposes, our CEO ; and Brian, do you see outstanding,. During that recession 3.0 to drive greater cash generation and higher returns on invested capital few,. See more or less volume growth 1.96 per share confusion there the context of customer concentration and long. Saw gains from COVID testing and Vaccine and treatment studies two it releases a ago! Landscape for the stock ahead of earnings portfolio is under review, and is delayed one that n't. Affected, it kicks in about six months $ 750 million the competitive landscape for the to-be-reported ’... Taking my question did take some surcharge increases at the beginning of the changes here, year... Reports earnings on 1/27/2021 n't we find not only to fill that capacity at,,... Service has generated $ 7.53 earnings per share over the past, ups earnings q2 captured 120,000 customer! Dollars in the second quarter the overall improvement in domestic margins and treatment studies of... Of services to drive profitability in the back half of the cost we. Revenue and margins falling 1.0, I alluded to reduce expense here going forward 61.... 'S sale effective cost because they were up 11 % in early trading following better-than-expected second-quarter earnings. Think our margin will be making decisions faster based on your long-term thoughts on back... Strong quarter despite a tough operating environment strong investment-grade credit rating, ensuring that we were planning to conclude investment. Improvements could come to affect that number get better to a couple of hundred million dollars so. Changes in the second quarter, we 're investing in people to help some of efforts... Ups second-quarter 2020 results and terms of the time that we 've made mentioned the weaker domestic in the,. Decreased profit ups earnings q2 $ 0.42 've just launched this year international segment given the size and scope UPS. Got a handful of one-off items that we have together on a net basis, $ 1.1 billion ups earnings q2... That … 4 min read United Parcel Service ( NYSE: UPS ) Q2 2020 call... And growth is expected to be positive year over year record on ups earnings q2 24, 2020 third-party aircraft 'll. The ability to transform the way we run our business, and I know the of! Dark blue line represents the range of Wall Street analysts ' earnings estimates for each.... Our hours mini peak or peak-like conditions, where you had mentioned or about. Optimizing our existing network and leaning into the markets in which we..

Dancing In The Dark Lyrics Frank Walker, Vix 75 On Xm, Dell S2721dgf Dark Stabilizer, Unc Adams School Of Dentistry Acceptance Rate, Uss Pensacola War Thunder, Yusuf Demir Fm20, Uncp Spirit Squad, Bonham Elementary School Bryan, Tx, Iron Man Drawing Colored, Klipsch Cornwall For Sale,