Record Comparable Earnings Growth
The fourth quarter 2024 marked the first quarter in the last eight with year-over-year comparable earnings growth. Comparable earnings per share reached $3.45, up from $2.95 the prior year, indicating double-digit earnings growth in all business segments.
Strong Return on Equity
Ryder System, Inc. achieved an adjusted return on equity of 16% for 2024, reflecting resilience despite challenging freight market conditions.
Revenue Growth Driven by Acquisitions
Operating revenue grew 8% in 2024, driven by the acquisitions of Cardinal Logistics and IFS, and a strategic shift towards asset-light businesses.
Shareholder Returns
Ryder System, Inc. returned $456 million to shareholders through share repurchases and dividends in 2024, with a 14% increase in dividends.
2025 Earnings Growth Outlook
The forecast for 2025 indicates a 17% increase in comparable earnings per share, with an expected ROE of 17% to 18%.