Ryder System, Inc. - R STOCK NEWS

Ryder System, Inc. (NYSE: R) will have Executive Vice President and CFO John Diez speaking at the J.P. Morgan Industrials Conference on March 16, 2022, at 2:10 p.m. EST in New York. The company, a leader in logistics and transportation, supports operations in the U.S., Mexico, Canada, and the UK. Ryder manages nearly 239,000 commercial vehicles and over 330 warehouses, providing a range of services including supply chain management and fleet management solutions. Live webcast access will be available through Ryder's investor relations page.

Ryder System, Inc. (NYSE: R) has partnered with Southern Glazer's Wine & Spirits to enhance its inbound transportation and supply chain efficiency. This collaboration will integrate Ryder's RyderShare technology, aimed at improving product visibility and communication among suppliers and carriers. The initiative is expected to streamline logistics, speed up product delivery to market, and enable predictive analytics for better decision-making. Ryder manages a vast freight network worth over $7 billion annually, emphasizing its capability to meet Southern Glazer's operational demands.

COOP by Ryder has launched its truck and trailer sharing platform nationwide, expanding to all 50 states. This move follows initial success in nine states, driven by high demand for rental vehicles amid ongoing industry shortages. The platform now connects over 50,000 trucks and trailers, allowing vehicle owners to monetize underutilized assets. Businesses on the platform have reported significant revenue increases, with COOP generating an average of $3,700 monthly for vehicle owners. Since its launch in 2018, COOP has achieved 250% year-over-year growth.

Ryder System, Inc. (NYSE: R) has announced an accelerated share repurchase agreement (ASR) to buy back $300 million of its common stock, indicating strong operational performance and a healthy liquidity position. The repurchase will be funded through existing cash resources, with an initial delivery of approximately 3.1 million shares. CEO Robert Sanchez expressed confidence in the company's strategy and ability to increase returns amidst ongoing supply chain challenges. The final share count will be determined based on the stock's average price during the repurchase period.

Ryder System, Inc. (NYSE: R) will hold an Investor Day in New York City on June 3, 2022, at 8:30 a.m. ET. The event is subject to health guidelines related to COVID-19. Ryder's leadership, including CEO Robert Sanchez and CFO John Diez, will discuss the company's strategy, growth drivers, and financial objectives, featuring presentations and Q&A sessions. Attendance is limited and registration is required. A live webcast will be available on Ryder's investor website, with an archived version accessible post-event.

Ryder System, Inc. (NYSE: R) reported robust fourth-quarter results for 2021, with GAAP EPS of $3.36, a significant rise from $0.48 in the previous year. Total revenue reached $2.6 billion, up 17%, driven by strong performance in Fleet Management Solutions (FMS) and other segments. The company achieved a record return on equity (ROE) of 20.9% and free cash flow of $1.1 billion. For 2022, Ryder forecasts EPS growth of 7% to 18% and expects a 10% revenue increase, bolstered by a $300 million accelerated share repurchase program and ongoing strategic initiatives.

Ryder System, Inc. (NYSE: R) announces that Chairman & CEO Robert Sanchez and CFO John Diez will participate in Citi's 2022 Global Industrial Tech and Mobility Conference in Miami, FL on February 24, 2022, at 9:00 a.m. ET. The conference will offer insights into Ryder's logistics and transportation solutions, including their supply chain, dedicated transportation, and fleet management services. Interested parties can access the live webcast through Ryder's investor relations website.

Ryder System, Inc. (NYSE: R) has launched an evolved version of its RyderShare™ technology platform, enhancing visibility and collaboration across the supply chain. This unique platform now includes warehouse management capabilities, allowing real-time tracking of goods from transportation to storage. By eliminating industry silos, RyderShare has facilitated nearly six million shipments, improving productivity, labor efficiency, and on-time delivery. Customers have reported up to 90% faster organizational response times and significant savings in labor efficiency, while having the opportunity to boost sales by up to 5% through access to real-time inventory data.

Ryder System, Inc. (NYSE: R) has announced a quarterly cash dividend of $0.58 per share, to be paid on March 18, 2022, to shareholders of record on February 22, 2022. This marks the company's 182^nd consecutive quarterly dividend, demonstrating over 45 years of uninterrupted dividend payments. Ryder is recognized for its logistics and transportation solutions, managing nearly 235,000 vehicles and over 300 warehouses across multiple regions.