earnings
confidence high
sentiment positive
materiality 0.85
Ryder Q2 GAAP EPS $2.78 vs loss $(1.41); raises FY21 EPS guidance to $7.40-$7.70
RYDER SYSTEM INC
2021-Q2 EPS reported
$3.73
revenue$4,603,859,000
- GAAP EPS from continuing ops $2.78 (vs $(1.41) prior year); comparable EPS $2.40 (vs $(0.95)).
- Total revenue $2.4B, up 26% YoY; operating revenue $1.9B, up 18%, with double-digit growth across all segments.
- Full-year GAAP EPS forecast raised to $7.40-$7.70 (from $5.65-$6.05); comparable EPS raised to $7.20-$7.50 (from $5.50-$5.90).
- Free cash flow forecast increased to $650M-$750M; expects ROE of 16%-17%, exceeding 15% long-term target.
- Fleet Management Solutions revenue up 18% driven by higher used vehicle gains and strong lease/rental demand.