Ryder raises Q2 and FY2022 EPS guidance; cites strong rental and used vehicle sales

RYDER SYSTEM INC

Q2 GAAP EPS forecast raised to $4.37-$4.62 from $3.97-$4.22; comparable EPS raised to $3.90-$4.15.
Full-year GAAP EPS forecast raised to $13.23-$14.23; comparable EPS raised to $13.40-$14.40.
2022 adjusted ROE forecast increased to 24%-26% from 23%-25%.
CEO attributes better-than-expected performance to pricing initiatives and strong rental/used vehicle sales.

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