Ryder Sys Stock Price, News & Analysis

Ryder System, Inc. (NYSE: R) announced that its Chairman and CEO, Robert Sanchez, will address the J.P. Morgan Industrials Conference on March 14, 2023, at 2:50 p.m. EST. The conference will take place in New York City. Ryder is known as a leader in logistics and transportation, offering various solutions including supply chain management, dedicated transportation, and fleet management. Investors are encouraged to tune in to the live webcast available at Ryder's investor relations website.

Ryder System, Inc. (NYSE: R) will be represented by Chairman & CEO Robert Sanchez and Executive VP & CFO John Diez at Citi's 2023 Global Industrial Tech and Mobility Conference. Scheduled for February 22, 2023, at 8:50 a.m. ET in Miami Beach, FL, the event will feature insights into Ryder's logistics and transportation operations. Stakeholders can access a live webcast via the company's investor relations page.

Ryder is a leading player in logistics, managing over 239,000 commercial vehicles and operating more than 330 warehouses across North America, underscoring its significant market presence.

Ryder System, Inc. (NYSE: R) has authorized a new discretionary share repurchase program, allowing management to buy back up to 2.0 million shares of common stock from February 10, 2023, through February 10, 2025. This initiative aims to enhance capital structure flexibility while supporting balance sheet leverage, acquisition opportunities, and shareholder returns. As of January 31, 2023, Ryder had 46.3 million shares outstanding. The repurchases will be executed using working capital and could include various methods like open-market transactions, depending on market conditions and legal requirements.

Ryder System, Inc. (NYSE: R) reported strong fourth-quarter and full-year 2022 results, showcasing a GAAP EPS from continuing operations of $4.06, up from $3.36 in the prior year. Total revenue increased to $3.1 billion for Q4 and $12.0 billion for the full year, reflecting a 19% and 24% growth respectively. The adjusted return on equity rose to 29%, surpassing previous targets. Key areas of growth included Supply Chain Solutions and Dedicated Transportation Solutions, with earnings surging by 67% and 150% respectively. The company projects a 2023 EPS range of $11.05 - $12.05 and announced a new 2 million-share buyback program.

Ryder System, Inc. (NYSE: R) declared a quarterly cash dividend of $0.62 per share, to be paid on March 17, 2023 to shareholders of record on February 21, 2023. This marks Ryder's 186th consecutive quarterly cash dividend, reflecting over 46 years of uninterrupted payments. The company, a leader in logistics and transportation, manages approximately 239,000 commercial vehicles and operates more than 330 warehouses across the U.S., Mexico, and Canada.

Ryder System, Inc. (NYSE: R) has initiated a multimillion-dollar sponsorship campaign with professional golfer Sam Ryder, enhancing brand visibility in a targeted market. The initiative features the Ryder logo on Sam Ryder’s golf apparel for the next two seasons and includes humorous advertisements across TV, print, and digital platforms. The campaign aims to engage Ryder's B2B audience, capitalizing on the golfer's determination and integrity. With ads airing during major golf events and placements in renowned publications, this partnership underscores Ryder's commitment to innovative marketing strategies that align with its corporate values.

Ryder System, Inc. (NYSE: R) announced its Fourth Quarter 2022 Earnings Conference Call scheduled for February 15, 2023, at 11:00 a.m. Eastern Time. The call will feature Chairman and CEO Robert Sanchez and CFO John Diez discussing the company's performance during this period. Participants can join the live webcast through Ryder's website, with a replay available shortly after the call. Ryder operates in logistics and transportation, managing nearly 239,000 commercial vehicles and over 330 warehouses, which total more than 80 million square feet across North America.