---
schema_version: "secwatch.filing_event.v1"
accession: "0000085961-23-000100"
form_type: "8-K"
ticker: "R"
cik: "0000085961"
company_name: "RYDER SYSTEM INC"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:47:31.632477+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ryder Q1 GAAP EPS $2.95, comp EPS $2.81; raises FY23 comp EPS low-end to $11.30

## Summary
- Q1 GAAP EPS from continuing ops $2.95 (down from $3.35 YoY); comparable EPS $2.81 (down from $3.59).
- Total revenue $2.95B (+3%); operating revenue (non-GAAP) $2.35B (+6%).
- FMS EBT down 27% to $182M; used truck/tractor pricing fell 16%/35% YoY; rental utilization 75% vs 82%.
- SCS EBT down 60% to $17M due to $30M customer bankruptcy impairment; DTS EBT up 45% to $29M.
- Raised low end of FY23 comparable EPS forecast to $11.30-$12.05; FY23 free cash flow ~$200M.

## SEC filing metadata
- accession: 0000085961-23-000100
- form_type: 8-K
- ticker: R
- cik: 0000085961
- company_name: RYDER SYSTEM INC
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85961/000008596123000100/0000085961-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85961/000008596123000100/r-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085961-23-000100
- JSON: https://secwatch.observer/filing/0000085961-23-000100.json
- Plain text: https://secwatch.observer/filing/0000085961-23-000100.txt

## Key facts
- Earnings Releases
  RYDER SYSTEM INC reported the three months ended March 31, 2023 results: revenue $2,952, EPS $2.95. Guidance raised.
  - Period: the three months ended March 31, 2023
  - Revenue: $2,952
  - EPS: $2.95
  - Guidance: raised
  - Result: reported results
  source text: and operating revenue for the three months ended March 31 were as follows: (In millions) Total Revenue Operating Revenue (non-GAAP) 2023 2022 Change 2023 2022 Change Total $ 2,952 2,854 3% $ 2,346 2,216 6% Fleet Management Solutions (FMS) $ 1,503 1,529 (2)% $ 1,262 1,282 (2)% Supply Chain Solutions (SCS) $ 1,201 1,089 10% $ 879 738 19% Dedicated
  evidence_url: https://www.sec.gov/Archives/edgar/data/85961/000008596123000100/0000085961-23-000100-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.