secwatch.observer — SEC 8-K summary
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Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000085961-23-000100
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000008596123000100/0000085961-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000008596123000100/r-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000085961-23-000100

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