Ryder System, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 06:56 am EST
Share
Ryder System, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 996 million compared to USD 1,055 million a year ago. Revenue was USD 3,023 million compared to USD 3,088 million a year ago. Net income was USD 124 million compared to USD 206 million a year ago. Diluted earnings per share from continuing operations was USD 2.74 compared to USD 4.06 a year ago. Diluted earnings per share was USD 2.72 compared to USD 4.18 a year ago.
For the full year, the company reported sales was USD 3,937 million compared to USD 4,174 million a year ago. Revenue was USD 11,783 million compared to USD 12,011 million a year ago. Net income was USD 406 million compared to USD 867 million a year ago. Diluted earnings per share from continuing operations was USD 8.73 compared to USD 16.96 a year ago. Diluted earnings per share was USD 8.73 compared to USD 17.04 a year ago.
Ryder System, Inc. is a provider of outsourced logistics and transportation services. The Company provides supply chain, dedicated transportation, and commercial fleet management solutions. It operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing that includes its contractual maintenance offering, commercial rental and maintenance services of trucks, tractors and trailers to customers principally in the United States (U.S.) and Canada; Supply Chain Solutions (SCS), which provides fully integrated port-to-door logistics solutions, including distribution management, dedicated transportation, transportation management, freight brokerage, e-commerce fulfillment, last-mile delivery, contract packaging, and contract manufacturing in North America, and Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.
RYDER SYSTEM, INC. 
