1. Market Trends Support Long-term Outsourcing Decisions

    1. Increased vehicle maintenance complexity and cost

    2. High purchase cost of new vehicle technology

    3. Shortage of qualified drivers and maintenance technicians

    4. Safety regulations raising visibility of driver and maintenance quality

    5. Complexity and dynamic nature of global supply chains

More information regarding trends for outsourcing can be found in our 2016 Annual Review

  1. Key Indicators Support Solid Fundamentals

    1. Operating leverage from lease fleet growth increases FMS margins

    2. Ability to redeploy used rental vehicles into lease and dedicated contracts mitigates exposure

    3. Strong sales and renewal activity across all business segments

    4. 2016 represented the fifth consecutive year of organic lease fleet growth

    5. Ability to sell vehicles through network of used vehicle retail sales centers supports residuals

More information can be found in Key Performance Indicators

  1. Strong Brand Position Operating in Large Markets

    1. Large non-outsourced market potential in all segments

    2. Leading position in fleet management and dedicated markets

    3. Strong customer reputation for execution in supply chain market

    4. New flexible maintenance offerings provide opportunity for growth

    5. Leverageable maintenance facility network supports profitable growth 

More information can be found on the Market Position document within Investor Tool Kit

  1. Positive Free Cash Flow Over Business Cycle

    1. Demonstrated positive free cash flow over business cycle

    2. Fundamental business model changes result in improved free cash flow

    3. Higher current investment of growth capital in vehicles yields future growth in revenue and earnings

    4. Strong cash flow generated during slow macro environment supports business model during downturn 

More information can be found on the Free Cash Flow History document within Investor Tool Kit

  1. Balance Sheet Positioned to Support Shareholder Value

    1. Substantial access to capital markets to support growth

    2. Balance sheet leverage is in target range

    3. Opportunity to support organic growth, acquisitions and/or share repurchases as appropriate over time

    4. Twelve increases quarterly in dividend starting in 2005

More information can be found in Debt Profile

Stock Quote: NYSE

Price 88.91

Change -0.07

Volume 417,072

% Change -0.08%

Intraday High 89.62

52 Week High 90.02

Intraday Low 88.40

52 Week Low 62.52

Today's Open 88.87

Previous Close 88.98

Jan 18, 2018 04:02 PM Pricing delayed 20 minutes