Item 2.02 Results of Operations and Financial Condition
On October 22, 2009, we issued a press release reporting our financial results
for the three and nine months ended September 30, 2009 (the "Press Release"). We
also hosted a conference call and webcast on October 22, 2009 during which we
made a presentation on our financial results for the three and nine months ended
September 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
earnings and comparable earnings per share (EPS) from continuing operations for
the three and nine months ended September 30, 2009 and 2008, (2) comparable
earnings and comparable EPS for the three and nine months ended September 30,
2009 and 2008, and (3) comparable effective income tax rate from continuing
operations for the three and nine months ended September 30, 2009 and 2008, all
of 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 earnings, EPS, and effective tax rate, as applicable,
(1) 2009 restructuring and other charges (recoveries), net, (2) third quarter
2009 reversal of contingent income tax accruals, (3) third quarter 2008 net tax
benefit from tax law changes, (4) 2008 Brazil charges and (5) 2009 international
asset impairments (recoveries), all of which are unrelated to our operations in
the ordinary course of business.
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 October 22, 2009, relating to Ryder System,
Inc.'s financial results for the three and nine months ended
September 30, 2009.
Exhibit 99.2 Presentation prepared for a conference call and webcast held on
October 22, 2009, relating to Ryder System, Inc.'s financial
results for the three and nine months ended September 30, 2009.
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