---
schema_version: "secwatch.filing_event.v1"
accession: "0000085961-24-000028"
form_type: "8-K"
ticker: "R"
cik: "0000085961"
company_name: "RYDER SYSTEM INC"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:53:02.318406+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000085961-24-000028
- form_type: 8-K
- ticker: R
- cik: 0000085961
- company_name: RYDER SYSTEM INC
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85961/000008596124000028/0000085961-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85961/000008596124000028/r-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085961-24-000028
- JSON: https://secwatch.observer/filing/0000085961-24-000028.json
- Plain text: https://secwatch.observer/filing/0000085961-24-000028.txt

## Key facts
- Earnings Releases
  RYDER SYSTEM INC updated its Full-Year 2024 Outlook guidance (initiated).
  - Period: Full-Year 2024 Outlook
  - Guidance: initiated
  - Result: guidance update
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/85961/000008596124000028/0000085961-24-000028-index.htm
- Earnings Releases
  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
  source text: $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
  evidence_url: https://www.sec.gov/Archives/edgar/data/85961/000008596124000028/0000085961-24-000028-index.htm

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