Item 2.02 Results of Operations and Financial Condition
On July 23, 2009, we issued a press release reporting our financial results for
the three and six months ended June 30, 2009 (the "Press Release"). We also
hosted a conference call and webcast on July 23, 2009 during which we made a
presentation on our financial results for the three and six months ended
June 30, 2009 (the "Presentation"). The Press Release and the Presentation are
available on our website at www.ryder.com.
The Press Release and Presentation include information regarding (1) comparable
net earnings and comparable earnings per share for both second quarter and year
to date 2009 and 2008, (2) comparable net earnings before tax and comparable
effective income tax rate for the second quarter and year to date 2009 and 2008,
which are non-GAAP financial measures as defined by SEC regulations. We believe
that these non-GAAP financial measures provide useful information to investors,
and allow for better year-over-year comparison, as the measures exclude from our
GAAP net earnings, earnings per share, net earnings before tax and effective
income tax rate, as applicable, (1) restructuring charges related to previously
announced exit activities and workforce reduction, (2) international asset
impairments, recoveries and write-offs, and (3) for second quarter and year to
date 2008, the impact of charges in the second quarter of 2008 for prior years'
adjustments associated with our Brazilian Supply Chain Solutions operation, all
of which are unrelated to our ongoing business operations.
Additional information regarding 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 July 23, 2009, relating to Ryder System,
Inc.'s financial results for the three and six months ended
June 30, 2009.
Exhibit 99.2 Presentation prepared for a conference call and webcast held on
July 23, 2009, relating to Ryder System, Inc.'s financial results
for the three and six months ended June 30, 2009.
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