earnings
confidence high
sentiment positive
materiality 0.75
Ryder Q3 EPS $2.58 vs $0.85; raises FY21 EPS forecast to $8.60-$8.70
RYDER SYSTEM INC
2021-Q3 EPS reported
$6.30
revenue$7,062,908,000
- GAAP EPS from continuing ops $2.58 (vs $0.85); comparable EPS $2.55 (vs $1.21).
- Total revenue up 14% to $2.5B; operating revenue up 11% to $2.0B across all segments.
- FY21 GAAP EPS forecast raised to $8.60-$8.70 from $7.40-$7.70; comparable to $8.40-$8.50.
- Expects ROE of 18%-19% and free cash flow of $1.0B-$1.1B; capex $1.9B-$2.0B.
- Plans to acquire supply chain business Midwest Warehouse & Distribution (closing early Nov); authorized share repurchase programs.