Ryder Hosts 2024 Investor Day
Increases Long-Term ROE Target from High Teens to Low Twenties Over the Cycle
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![Ryder is a leader in supply chain, dedicated transportation, and fleet management solutions. (Photo: Business Wire)](https://mms.businesswire.com/media/20240613339183/en/2158223/4/Ryder_SCS_DTS_FMS.jpg)
Ryder is a leader in supply chain, dedicated transportation, and fleet management solutions. (Photo: Business Wire)
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 (20% - 22%) over the cycle, up from its prior target range of high teens (17% - 19%) over the cycle.
“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.
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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
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