Ryder System ( (R) ) has released its Q4 earnings. Here is a breakdown of the information Ryder System presented to its investors.
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Ryder System, Inc. is a prominent company specializing in supply chain, dedicated transportation, and fleet management solutions, serving diverse industries such as automotive, consumer goods, and healthcare. The company is a component of the Dow Jones Transportation Average and the S&P MidCap 400 index.
Ryder System recently reported its fourth quarter and full-year 2024 financial results, showcasing robust performance across its business segments despite challenging market conditions. The company has also provided its financial outlook for 2025, indicating continued growth and resilience.
For the fourth quarter of 2024, Ryder reported a GAAP EPS from continuing operations of $3.11, a notable increase from $2.74 in the previous year. The company’s total revenue for the quarter increased by 5% to $3.2 billion, while operating revenue grew by 7% to $2.6 billion, largely driven by acquisitions. Throughout the full year, Ryder achieved a GAAP EPS of $11.06, up from $8.73, with total revenue of $12.6 billion, reflecting a 7% growth.
In terms of business segment performance, Fleet Management Solutions (FMS) saw a 13% increase in earnings before tax (EBT) thanks to strong ChoiceLease performance, while Supply Chain Solutions (SCS) experienced a 58% rise in EBT due to higher customer volumes and improved productivity. Dedicated Transportation Solutions (DTS) also recorded a 10% increase in EBT, benefiting from acquisitions and strong legacy performance.
Looking ahead, Ryder System anticipates operating revenue growth of approximately 2% in 2025, with a projected comparable EPS ranging between $13.00 and $14.00. The company expects adjusted return on equity to range from 17% to 18%, reflecting confidence in its growth strategy and the ongoing strength of its business model.
