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Home > Fortune 500 Companies > Ryder System
Ryder System
Ryder System is a publicly traded company having a good stock performance result. Ryder System is a fortune 500 stock listed company trading under R. When it comes to commercial vehicles and distribution, Ryder System wants to be the designated driver. The company's Fleet Management Solutions segment acquires, manages, maintains and disposes of vehicles for commercial customers.
The Supply Chain Solutions segment provides logistics and supply chain services from industrial start to finish product distribution. Ryder also offers Dedicated Contract Carriage services in which the company supplies trucks, drivers, and management and administrative services to customers on a contract basis. Ryder's fleet of more than 135,000 vehicles ranges from tractor trailers to light-duty trucks.
Ryder System a global leader in transportation and supply chain management solutions recently reported earnings per diluted share from continuing operations were 0.93 dollar for the three-month period ended December 31, 2005, up 13 percent from 0.82 dollars of comparable EPS in the year earlier period. Earnings from continuing operations were 59.5 million dollars for the fourth quarter of 2005, up 11 percent from 53.4 million dollars of comparable earnings in the year earlier period.
Net earnings for the fourth quarter of 2005 were 58.8 million dollars or 0.92 dollar per share, compared with 62.6 million dollars or 0.96 dollar per share, in the year earlier period. Net earnings for the fourth quarter of 2005 included a benefit of 1.7 million dollars or 0.03 per share, for the reduction of insurance reserves related to discontinued operations and a charge of 2.4 million dollars or 0.04 dollar per share.
Revenue for the fourth quarter of 2005 was 1.54 billion dollars, up 13 percent from 1.36 billion dollars in the comparable period last year with all business segments reporting revenue growth. Fleet Management Solutions business segment revenue grew 7 percent, driven by higher fuel services revenue. Supply Chain Solutions business segment revenue grew 31 percent, driven by increased volume of managed subcontracted transportation, new and expanded business in all industry groups.
Ryder forecasts full year 2006 earnings to be in the range of 3.75 dollars to 3.90 dollars per diluted share. This represents an EPS increase of 10 percent to 14 percent over Ryder's comparable full-year 2005 Earnings per Share. Ryder is continued to provide the best services to their customers.
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