Ryder Q2 GAAP EPS loss $(0.39) on UK charge; comparable EPS $3.61; raises FY23 guidance to $12.20-$12.70

RYDER SYSTEM INC

2023-Q2 EPS reported $2.57 revenue$5,836,000,000

GAAP EPS from continuing ops loss $(0.39) includes $183M non-cash UK exit charge; prior year EPS $4.72.
Comparable EPS $3.61 (down 19% from record $4.43) on weaker used vehicle sales and rental market.
Total revenue $2.9B (-5%); operating revenue $2.3B (+1%) driven by SCS (+8%) and DTS (+7%) growth.
Full-year comparable EPS guidance raised to $12.20-$12.70 (prior $11.30-$12.05); ROE target 17%-19% (prior 16%-18%).
FMS segment EBT fell 37% as used truck/tractor prices dropped 34%/41% YoY and rental utilization fell to 75%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RYDER SYSTEM INC updated its the three months ended June 30, 2023 guidance (raised).

Period: the three months ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On July 26, 2023, we issued a press release reporting our financial results for the three months ended June 30, 2023 (the "Press Release").

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Source: SEC EDGAR

accession 0000085961-23-000145

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