Ryder Reports Record 2018 Revenue of $8.4 Billion, Up 15%; Strong Contractual Revenue Growth Drives 2019 Earnings Forecast

Ryder System, Inc. (NYSE: R), a leader in commercial fleet management , dedicated transportation , and supply chain solutions, today reported it exceeded its initial full-year outlook for 2018, driven by record revenue growth. Total revenue and operating revenue grew across all three business segments reflecting new business and higher volumes. Full-year GAAP EPS was $5.21 versus $14.90 in the prior year, reflecting the one-time benefit of tax reform in the prior year. Full-year comparable EPS, which management believes is more reflective of ongoing performance, was up 28% to $5.79. In the fourth quarter, GAAP EPS was $2.06 versus $12.12 in the prior year, reflecting the one-time benefit of tax reform in the prior year. Comparable EPS was up 33% to a record $1.82. Results for the three

https://newsroom.ryder.com/news/news-details/2019/Ryder-Reports-Record-2018-Revenue-of-84-Billion-Up-15-Strong-Contractual-Revenue-Growth-Drives-2019-Earnings-Forecast/default.aspx

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