Ryder Hosts 2024 Investor Day
Ryder System, a leader in supply chain, dedicated transportation, and fleet management solutions, will host its 2024 Investor Day in New York City on June 13, 2024. The event will feature presentations and Q&A sessions with senior leadership, including CEO Robert Sanchez and CFO John Diez. Ryder is increasing its long-term adjusted return on equity (ROE) target to 20%-22%, up from the previous 17%-19%. The company aims to accelerate profitable growth through operational excellence and customer-centric innovation. Webcast registration is required, and materials will be available on Ryder's Investor Relations website.
- Ryder is hosting its 2024 Investor Day, emphasizing transparency and communication with investors.
- Senior leadership, including CEO and CFO, will provide in-depth business reviews, showcasing commitment to transparency.
- The long-term adjusted ROE target has been increased to 20%-22%, indicating confidence in future profitability.
- Ryder aims to accelerate profitable growth through operational excellence and customer-centric innovation.
- The company’s balanced growth strategy has enabled it to outperform prior cycles.
- No specific financial data or performance metrics for the current period were provided in the PR.
- The PR lacks details on potential risks or challenges that might impact the future growth or profitability.
- No immediate actionable insights for short-term investors were disclosed.
Insights
Ryder System, Inc.'s announcement to increase its long-term adjusted return on equity (ROE) target to a range of
Over the cycle, this ROE target elevation signals confidence in the company's strategic initiatives, including operational excellence and customer-centric innovation. Investors should consider this a significant improvement compared to the previous target range of
However, investors should also be aware of potential risks. While a higher ROE indicates improved profitability, it may also mean increased leverage or higher risks. Monitoring the company's debt levels and any changes in market conditions that might affect its operational efficiency will be crucial.
From a market perspective, Ryder's enhanced ROE target reflects a strong growth strategy that is likely to appeal to both current and potential investors. The focus on customer-centric innovation and operational excellence suggests that the company is committed to staying competitive in the supply chain and fleet management sectors, which are highly dynamic industries.
By addressing the market's demand for more efficient and innovative solutions, Ryder is positioning itself to capitalize on market trends such as increased e-commerce activity and the need for more sustainable transportation solutions. This can lead to greater market share and higher revenue growth in the long run.
However, the market's reaction will depend on the detailed strategies and execution plans presented during the Investor Day. Investors should look for concrete steps and milestones that Ryder plans to achieve to meet these ambitious ROE targets. Potential challenges could arise from economic downturns, operational disruptions, or competitive pressures, which need to be factored into any investment decision.
Increases Long-Term ROE Target from High Teens to Low Twenties Over the Cycle
Ryder is a leader in supply chain, dedicated transportation, and fleet management solutions. (Photo: Business Wire)
Ryder Chairman & CEO Robert Sanchez and EVP & CFO John Diez, along with other members of the senior leadership team, will provide an in-depth review of Ryder’s business transformation and will outline the next phase of the company’s balanced growth strategy, which is focused on accelerating profitable growth supported by operational excellence and customer-centric innovation.
In conjunction with Ryder’s 2024 Investor Day, the company is increasing its long-term adjusted return on equity (ROE) target to a range of low twenties (
“The actions we’ve taken to de-risk the model, increase returns, and drive profitable growth under our balanced growth strategy have enabled Ryder to meaningfully outperform prior cycles. We are confident that our transformed business model, strategic initiatives, and expected benefits from the cycle upturn will enable us to exceed prior peak-cycle returns,” says Sanchez.
Webcast registration for Ryder’s 2024 Investor Day is required. A link to the live webcast and presentation materials will be available on Ryder’s Investor Relations website at investors.ryder.com, as well as a replay of the webcast following the live event.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements, including our forecast, long-term targets, expectations regarding the freight cycle, and expectations regarding our balanced growth strategy and our ability to execute such strategy and achieve profitable growth, are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements, including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240613339183/en/
Media:
Amy Federman, afederman@ryder.com
Investor Relations:
Calene Candela, ccandela@ryder.com
Source: Ryder System, Inc.
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