---
schema_version: "secwatch.filing_event.v1"
accession: "0000085961-23-000180"
form_type: "8-K"
ticker: "R"
cik: "0000085961"
company_name: "RYDER SYSTEM INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:38:40.528941+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000085961-23-000180
- form_type: 8-K
- ticker: R
- cik: 0000085961
- company_name: RYDER SYSTEM INC
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85961/000008596123000180/0000085961-23-000180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85961/000008596123000180/r-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085961-23-000180
- JSON: https://secwatch.observer/filing/0000085961-23-000180.json
- Plain text: https://secwatch.observer/filing/0000085961-23-000180.txt

## Key facts
- Earnings Releases
  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
  source text: $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
  evidence_url: https://www.sec.gov/Archives/edgar/data/85961/000008596123000180/0000085961-23-000180-index.htm

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