Ryder Q4 GAAP EPS $2.74, down 33% YoY; FY24 comparable EPS guidance $11.50-$12.50

RYDER SYSTEM INC

2023-FY EPS reported $8.73 revenue$11,783,000,000

Q4 GAAP EPS $2.74 vs $4.06; Comparable EPS $2.95 vs $3.89.
Total revenue $3.0B (-2%); Operating revenue $2.4B (+2%).
FMS EBT halved to $134M on lower used vehicle pricing and rental utilization of 75% vs 82%.
FY24 comparable EPS guided $11.50-$12.50 (vs FY23 $12.95); Q1'24 comparable EPS $1.55-$1.80.
FY24 free cash flow guided negative $(275)-$(375)M; debt-to-equity at 232%.

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 Full-Year 2024 Outlook guidance (initiated).

Period: Full-Year 2024 Outlook
Guidance: initiated
Result: guidance update

Exact text from the filing

Full-Year 2024 Outlook • ROE of 15% - 16.5% • Comparable EPS (non-GAAP) of $11.50 - $12.50 • Operating revenue (non-GAAP) expected to increase by approximately 13%, including recent acquisitions

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RYDER SYSTEM INC reported the three months ended December 31, 2023 results: revenue $3.0 billion, net income $124, EPS $2.74. Guidance initiated.

Period: the three months ended December 31, 2023
Revenue: $3.0 billion
Net income: $124
EPS: $2.74
Guidance: initiated
Result: reported results

Exact text from the filing

$3.89 in prior year, reflecting weaker market conditions in used vehicle sales and rental, partially offset by improved Supply Chain Solutions (SCS) results • Total revenue of $3.0 billion compared to $3.1 billion in prior year • Operating revenue (non-GAAP) of $2.4 billion, up 2% Full-Year 2023 Highlights • GAAP EPS from continuing operations of $8.73, which

View on SEC.gov

Browse all earnings releases →

RYDER SYSTEM INC filing history →

Source: SEC EDGAR

accession 0000085961-24-000028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.