Ryder System (R) Announces 2M Share Buyback

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Go back to Ryder System (R) Announces 2M Share Buyback

Ryder Authorizes New Share Repurchase Program

October 15, 2024 6:55 AM EDT

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R) announces its Board of Directors has authorized a new discretionary share repurchase program.

Under the new share repurchase program, Ryder management is authorized to repurchase up to 2.0 million shares of common stock, at its discretion, from October 9, 2024 through October 9, 2026 (two years). This program is designed to provide management with capital structure flexibility while concurrently managing objectives related to balance sheet leverage, acquisition opportunities, and shareholder returns. Ryders previously authorized 2.0 million share discretionary repurchase program, authorized in October 2023, was completed in September 2024.

The earnings... More