Ryder Reports Record Fourth Quarter and Full-Year

Ryder System, Inc. (NYSE: R), a leader in commercial fleet management and supply chain solutions, has reported record fourth quarter comparable earnings reflecting continued strong performance in Fleet Management Solutions (FMS).

Highlights include:

• Record Q4 Comparable EPS from Continuing Operations Up 19% to $1.60
• Q4 EPS from Continuing Operations of $0.22 Reflect Voluntary Pension Buyouts of $1.29
• Record Q4 Operating Revenue of $1.4 Billion Grows 5%;
• Total Revenue Up 2% to $1.7 Billion Record Full-Year
• Comparable EPS from Continuing Operations Up 14% to $5.58
• Full-Year EPS from Continuing Operations of $4.14 Reflect Voluntary Pension Buyouts Record Full-Year Operating Revenue of $5.5 Billion Up 5%;
• Total Revenue Grows 3% to $6.6 Billion 2015 Comparable EPS Forecast of $6.25 to $6.40 vs. $5.58 for 2014

Commenting on the Company’s fourth quarter and full-year 2014 performance, Ryder Chairman and CEO Robert Sanchez said, “For the full-year 2014, we grew operating revenue by 5% and earnings by 16%, achieving new record levels. We exceeded our expectations with full-year organic lease fleet growth of 3,200 vehicles, the highest growth rate in more than a decade.”

He added, “This represents the third consecutive year of organic lease fleet growth. Our transactional rental and used vehicle sales businesses delivered strong returns throughout the year. Fleet Management Solutions pre-tax margins of 12% were the highest in six years.”

Category: Featured, General Update