secwatch.observer — SEC 8-K summary
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Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000085961-23-000145
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000008596123000145/0000085961-23-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000008596123000145/r-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000085961-23-000145

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