M&A - RYDER SYSTEM INC

Form Type: ARS

Filing Date: 2025-03-12

Corporate Action: Acquisition

Type: New

Accession Number: 000008596125000045

Filing Summary: Ryder System Inc. has announced the successful acquisition of Cardinal Logistics, which is aimed at accelerating growth in Ryder's dedicated transportation business. This strategic acquisition will enhance the scale and efficiency of Ryder's operations, allowing it to serve a diversified portfolio of customers spanning various industries including consumer packaged goods, omnichannel retail, grocery, and automotive sectors. The integration of Cardinal is expected to create operational synergies and is projected to be accretive to earnings in 2025. Additionally, Ryder has reported robust financial results, including a comparable EPS of $12.00 for 2024, highlighting significant growth compared to previous periods. The company has increased its capital deployment capacity, returning $456 million in cash to shareholders through buybacks and dividends, indicating a strong return on investment and commitment to shareholder value. Ryder continues to implement its balanced growth strategy and is focused on leveraging technology to enhance supply chain efficiencies and innovate customer services. The firm also acknowledges favorable trends in outsourcing within its business segments and is optimistic about future growth opportunities.

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