secwatch.observer — SEC 8-K summary
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Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000085961-23-000180
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000008596123000180/0000085961-23-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000008596123000180/r-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000085961-23-000180

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