MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE:R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, will hold its Investor Day today, Thursday, May 19,
at 8:30 a.m. Eastern, at the Sheraton Times Square in New York City.
In conjunction with Ryder’s Investor Day, the Company is reaffirming its
second quarter 2016 comparable earnings from continuing operations
forecast of $1.50 to $1.55 per diluted share, and its full-year 2016
comparable earnings from continuing operations forecast of $6.10 to
$6.30 per diluted share, as provided on the Company’s recent first
quarter 2016 earnings call.
“Our second quarter and full-year forecast remains in-line with our most
recent outlook,” said Robert Sanchez, Ryder Chairman and Chief Executive
Officer. “For the balance of the year, we anticipate Ryder’s contractual
businesses to continue to grow in line with our prior expectations. We
also continue to see solid new sales activity across all contractual
businesses and continued expansion of our lease fleet. Both used vehicle
sales and commercial rental results remain in line with the outlook we
provided in April.”
A live webcast of Ryder’s Investor Day will be available at
approximately 8:30 a.m. Eastern today at http://investors.ryder.com.
An online replay of the conference will also be available via this same
link at approximately 2 p.m. Eastern on Thursday, and will remain
accessible for one year. Presentations from the event will also be made
available on http://investors.ryder.com.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and the
Standard & Poor’s 500 Index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud member
of the American Red Cross Disaster Responder Program, supporting
national and local disaster preparedness and response efforts. For more
information, visit www.ryder.com,
and follow us on our Online
Newsroom, Facebook,
LinkedIn,
Twitter,
and YouTube.
Note Regarding Forward-Looking Statements:
Certain statements and information included in this presentation are
"forward-looking statements" under the Federal Private Securities
Litigation Reform Act of 1995, including our strategies for future
growth, expectations regarding market conditions, earnings performance,
cash flow, and capital expenditures. Accordingly, these
forward-looking statements should be evaluated with consideration given
to the many risks and uncertainties inherent in our business that could
cause actual results and events to differ materially from those in the
forward-looking statements. Important factors that could cause such
differences include, among others, lower than expected lease sales,
further decreases in commercial rental demand or poor acceptance of
rental pricing, our ability to right-size our commercial rental fleet in
line with demand, availability of labor to maintain our fleet at
normalized levels, worsening of market demand for used vehicles
impacting current pricing, residual values and our anticipated
proportion of retail versus wholesale sales, lack of customer demand for
on-demand maintenance, higher than expected maintenance costs from new
engine technology or due to lower than expected benefits from
maintenance initiatives, decreases in freight demand or volumes, poor
operational execution particularly with start-ups and new product
launches, our ability to obtain adequate profit margins for our
services, our inability to maintain current pricing levels due to soft
economic conditions, slower than expected global economic recovery,
business interruptions or expenditures due to severe weather or natural
occurrences, competition from other service providers and new entrants,
customer retention levels, loss of key customers, driver and technician
shortages resulting in higher procurement costs and turnover rates,
unexpected bad debt reserves or write-offs, changes in customers’
business environments that will limit their ability to commit to
long-term vehicle leases, a decrease in credit ratings, increased debt
costs, adequacy of accounting estimates, reserves and accruals
particularly with respect to pension, taxes, depreciation, insurance and
revenue, sudden or unusual changes in fuel prices, unanticipated
currency exchange rate fluctuations, our ability to manage our cost
structure, and the risks described in our filings with the Securities
and Exchange Commission. The risks included here are not exhaustive. New
risks emerge from time to time and 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.
Note Regarding Non-GAAP Financial Measures: This
presentation includes certain non-GAAP financial measures as defined
under SEC rules such as comparable earnings per share forecast. Additional
information as required by Regulation G regarding non-GAAP financial
measures can be found in our most recent Form 10-K, Form 10-Q and Form
8-K filed on April 26, 2016, which are available at http://investors.ryder.com.
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Source: Ryder System, Inc.