Ryder Q3 comparable EPS $3.58, total revenue $2.9B, raises FY23 EPS forecast to $12.60-$12.85

RYDER SYSTEM INC

2023-Q3 EPS reported $6.02 revenue$8,760,000,000

GAAP EPS $3.44 from continuing ops; comparable EPS $3.58 (non-GAAP), down from $4.45 YoY on weaker used vehicle sales and rental.
Total revenue $2.9B (-4%); operating revenue $2.4B (+1%) with SCS operating revenue up 9%.
FMS EBT fell 36% to $169M; SCS EBT up 14% to $81M; DTS EBT flat at $28M.
Full-year comparable EPS guidance raised to $12.60-$12.85 from $12.20-$12.70; Q4 guide $2.60-$2.85.
Board authorized new share repurchase programs (up to 2M shares each discretionary and anti-dilutive); quarterly dividend continues.

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 reported the three months ended September 30, 2023 results: revenue $2.9 billion, EPS $3.44. Guidance raised.

Period: the three months ended September 30, 2023
Revenue: $2.9 billion
EPS: $3.44
Guidance: raised
Result: reported results

Exact text from the filing

$4.45 in prior year, reflecting weaker market conditions in used vehicle sales and rental, partially offset by strong Supply Chain Solutions (SCS) results • Total revenue of $2.9 billion compared to $3.0 billion in prior year • Operating revenue (non-GAAP) of $2.4 billion, up 1%, reflecting contractual revenue growth across all segments, partially offset by lower

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Source: SEC EDGAR

accession 0000085961-23-000180

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