• Q2 EPS from Continuing Operations Up 15% to $0.91
• Q2 Comparable EPS from Continuing Operations Up 9% to $1.00
• Q2 Total Revenue Up 3%; Operating Revenue Grows 6%
• Full-Year 2012 Comparable EPS Forecast Raised to $3.75 to $3.90, from $3.65 to $3.85
July 24, 2012 07:58 AM Eastern Daylight Time MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today reported earnings per diluted share from continuing operations of $0.91 for the three-month period ended June 30, 2012, up 15% from earnings per diluted share of $0.79 in the year-earlier period. Earnings from continuing operations were $46.8 million, up 14% from $40.9 million in the year-earlier period. Earnings per diluted share and earnings from continuing operations for the current year included a restructuring charge of $0.09 or $7.1 million. Earnings per diluted share and earnings from continuing operations for the year-earlier period in 2011 included a charge from a tax law change of $0.10 or $5.4 million and acquisition-related transaction costs of $0.03 or $1.6 million. Excluding these items, comparable earnings per diluted share from continuing operations for the second quarter of 2012 were $1.00, up 9% from $0.92 in the second quarter of 2011. Comparable earnings from continuing operations of $51.3 million for the second quarter of 2012 were up 7% from $47.8 million in the year-earlier period. The increase in comparable earnings primarily reflects the benefit of a Fleet Management Solutions (FMS) acquisition and organic growth in the Supply Chain Solutions (SCS) segment.