Ryder System Reports Strong Fourth Quarter Earnings
CORAL GABLES, Fla., Feb. 22, 2023 /PRNewswire/ -- Ryder System Inc. (NYSE: R) announced today its financial results for the fourth quarter and full year ended December 31, 2022.
Fourth Quarter Highlights
* Net income of $135 million, or $3.12 per share
* Adjusted earnings per share of $3.45
* Revenue of $3.19 billion
Full Year Highlights
* Net income of $489 million, or $11.06 per share
* Revenue of $12.64 billion
Outlook
For the first quarter ending March 2023, Ryder expects adjusted earnings per share to be in the range of $2.30 to $2.55. For the full year, the company expects adjusted earnings per share to be in the range of $13 to $14.
"We are pleased with our fourth quarter and full year results, which reflect the strength of our business and the resilience of our team," said Robert Sanchez, Ryder's President and CEO. "We remain focused on executing our strategy and driving long-term value for our shareholders."
About Ryder System Inc.
Ryder System Inc. (NYSE: R) is a leading provider of supply chain, dedicated transportation, and fleet management solutions. The company's comprehensive portfolio of services includes transportation management, freight brokerage, warehousing, distribution, and customized solutions for the healthcare, pharmaceutical, and retail industries. Ryder also provides commercial rental and leasing services, as well as fleet maintenance and repair services.
For more information about Ryder System Inc., visit www.ryder.com.