Ryder System 8-K 2014
Documents found in this filing:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 22, 2014
RYDER SYSTEM, INC.
(Exact name of registrant as specified in its charter)
Registrant’s telephone number, including area code: (305) 500-3726
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 2.02 Results of Operations and Financial Condition
On October 22, 2014, we issued a press release reporting our financial results for the three and nine months ended September 30, 2014 (the “Press Release”). We also hosted a conference call and webcast on October 22, 2014 during which we made a presentation on our financial results for the three and nine months ended September 30, 2014 (the “Presentation”). The Press Release and the Presentation are available in the Investors area of our website at http://investors.ryder.com.
The Press Release and Presentation include information regarding comparable earnings from continuing operations, comparable earnings per share from continuing operations, comparable earnings before income tax and comparable tax rate for both third quarter and year to date 2014 and 2013, and comparable earnings per share from continuing operations forecast for
both fourth quarter and full year 2014, 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 of operating performance, as the measures exclude non-operating pension costs from our GAAP net earnings from continuing operations, earnings per share from continuing operations, earnings before income tax and tax rate, as we consider non-operating pension costs to be those impacted by financial market performance and outside of the operational performance of the business. These non-GAAP financial measures also exclude, as applicable, (i) third quarter 2014 and 2013 pension settlement charges, (ii) a year to date 2014 benefit from a tax law change, (iii) 2014 acquisition transaction costs, (iv) third quarter 2013 Superstorm Sandy recoveries, (v) a year to date 2013 foreign currency translation benefit, (vi) a 2013 restructuring recovery and (vii) a forecasted fourth quarter 2014 lump-sum settlement charge, which are not representative of 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:
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.