Ryder Reports Record Revenue of $8.9 Billion in 2019, Up 6.1%; Earnings Include Previously Announced Residual Value Change Impact
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management , supply chain and dedicated transportation solutions, reported record total and operating revenue for the fourth quarter and full year 2019. Total and operating revenue increased in all three segments reflecting new business and higher volumes for the full year. GAAP and comparable EPS for both the fourth quarter and full year were impacted by higher depreciation expense resulting from the previously announced change in residual value estimates. Results for the three months ended December 31 were as follows: (In millions, except EPS) Earnings (Loss) Before Taxes Earnings (Loss) Diluted Earnings (Loss) Per Share 2019 2018 Change 2019 2018 Change 2019
https://newsroom.ryder.com/news/news-details/2020/Ryder-Reports-Record-Revenue-of-89-Billion-in-2019-Up-61-Earnings-Include-Previously-Announced-Residual-Value-Change-Impact/default.aspx
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