Sacked staff file WARN Act class action against bankrupt US Logistics Solutions
As anticipated, bankrupt US Logistics Solutions is facing a class action lawsuit from former employees ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
SEEKING ALPHA reports:
– Revenue of $3.1B (+19.2% Y/Y) beats by $100M.
– Operating revenue (non-GAAP) of $2.4B, up 14% Y/Y.
– Full-Year 2023 Outlook: ROE of 16%-18%; Comparable EPS (non-GAAP) forecast of $11.05-$12.05 vs 10.84 consensus; Operating revenue (non-GAAP) expected to increase by approximately 4%…
The full post can be found here.
The full statement is here.
Moreover, it also announced to a new “discretionary program to repurchase shares“.
It said:
“Under the new program, Ryder management is authorized to repurchase up to 2.0 million shares of common stock, at its discretion, from February 10, 2023 through February 10, 2025 (two years). This 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.”
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