- Ryder System ( NYSE: R ) has authorized a new $2M discretionary share repurchase program.
- The management is authorized to buyback shares at its discretion from February 10, 2023 through February 10, 2025 (two years).
- This buyback program is designed to provide management with capital structure flexibility while concurrently managing objectives related to target balance sheet leverage, acquisition opportunities, and shareholder returns.
- Earlier today, the company announced upbeat Q4 results .
- Shares up 2.2% premarket. On YTD basis, shares have gained more than 17% .
For further details see:
Ryder authorizes new $2M discretionary share buyback program