Item 2.02 Results of Operations and Financial Condition
On April 23, 2008, we issued a press release reporting our financial results for
the three months ended March 31, 2008 (the "Press Release"). We also hosted a
conference call and webcast on April 23, 2008 during which we made a
presentation on our financial results for the three months ended March 31, 2008
(the "Presentation"). The Press Release and the Presentation are available on
our website at www.ryder.com.
The Press Release includes information regarding SCS business segment total
revenue growth excluding the impact of a customer contract modification, which
is a non-GAAP financial measure as defined by SEC regulations. We believe that
this non-GAAP financial measure provides useful information to investors, and
allows for better year-over-year comparison, as the measure excludes from our
GAAP SCS business segment total revenue the impact of a customer contract
modification which changed the reporting of revenue from a gross to net
presentation for this transportation service arrangement. This change does not
affect operating revenue or earnings.
Information regarding other non-GAAP financial measures can be found in the
Press Release, the Presentation and our reports filed with the SEC.
The information in this Report, including Exhibits 99.1 and 99.2, is being
furnished pursuant to Item 2.02 of Form 8-K and General Instruction B.2
thereunder and shall not be deemed to be incorporated by reference in any filing
under the Securities Act of 1933 or the Securities Exchange Act of 1934, except
as expressly set forth by specific reference to such filing.
Item 9.01(d) Exhibits
The following exhibits are furnished as part of this Report on Form 8-K:
Exhibit 99.1 Press Release, dated April 23, 2008, relating to Ryder System,
Inc.'s financial results for the three months ended March 31,
2008.
Exhibit 99.2 Presentation prepared for a conference call and webcast held on
April 23, 2008, relating to Ryder System, Inc.'s financial
results for the three months ended March 31, 2008.
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