Full-year GAAP EPS was $5.21 versus $14.90 in the prior year, reflecting the one-time benefit of tax reform in the prior year. Full-year comparable EPS, which management believes is more reflective of ongoing performance, was up 28% to $5.79. In the fourth quarter, GAAP EPS was $2.06 versus $12.12 in the prior year, reflecting the one-time benefit of tax reform in the prior year. Comparable EPS was up 33% to a record $1.82.
Commenting on the company’s results, Ryder Chairman and CEO Robert Sanchez said, “In the fourth quarter, we delivered year-over-year comparable earnings per share growth, which was in line with our expectations. We are pleased with this quarter’s comparable pre-tax earnings improvement of 16%, which was driven by double-digit revenue growth in all three of our business units and the benefit of cost actions taken earlier in the year.”
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