Trade Resources Industry Views Ryder System Inc. Said It Increased Its Net Income in The Fourth Quarter of 2013

Ryder System Inc. Said It Increased Its Net Income in The Fourth Quarter of 2013

Ryder System Inc. said it increased its net income both in the fourth quarter of 2013 and the full year.

Ryder’s profit was $64.6 million in the quarter, or $1.22 a share, up from $53.8 million, or $1.05 a year earlier, Ryder said Feb. 4. The increased profit was mainly due to improved results in Ryder’s fleet management and supply chain units, it said.

Revenue was $1.62 billion, compared with $1.58 billion in 2012’s fourth quarter.

Comparable earnings from continuing operations were $72.1 million in the fourth quarter, or $1.35 a share, a new record for Ryder. That compares with $64.9 million, or $1.26 a share, a year ago.

For the full year, net income was $237.8 million, or $4.53 a share, compared with $210 million, or $4.09 a share, in 2012, Ryder said. The company’s revenue was $6.4 billion for the year, up from $6.3 billion.

Source: http://www.ttnews.com/articles/basetemplate.aspx?storyid=34081&t=Ryders-Profit-Grows-in-4Q
Contribute Copyright Policy
Ryder’S Profit Grows in 4q
Topics: Transportation