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Ryder System ( (R) ) has provided an update.
Ryder System, Inc. announced its financial results for the fourth quarter of 2024, showing notable growth in earnings across all business segments. The company reported a GAAP EPS from continuing operations of $3.11, up from $2.74 the previous year, and a comparable EPS (non-GAAP) of $3.45, up from $2.95. Total revenue increased by 5% to $3.2 billion, while operating revenue rose by 7% to $2.6 billion. For the full year 2024, Ryder saw a GAAP EPS increase to $11.06 from $8.73, with total revenue climbing 7% to $12.6 billion. Ryder’s 2025 forecast anticipates a further increase in operating revenue and continued positive cash flow, despite challenges in the rental and used vehicle sales markets. CEO Robert Sanchez highlighted the company’s robust performance amid freight market headwinds, attributing success to strong contractual lease, supply chain, and dedicated business growth.
More about Ryder System
YTD Price Performance: 1.09%
Average Trading Volume: 306,227
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.66B
Learn more about R stock on TipRanks’ Stock Analysis page.
