U.S. Postal Service Reports Fiscal Year 2022 Results

Excerpt:  “The U.S. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. The enactment of the Postal Service Reform Act (PSRA) in April 2022 significantly impacted the financial condition of the Postal Service, as it repealed the requirement that the Postal Service annually prepay future retiree health benefits and canceled all past due prefunding obligations. These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. The Postal Service had an adjusted loss of $473 million for the year, compared to adjusted income of $1.5 billion for the same period last year.”