secwatch.observer — SEC 8-K summary
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Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0000085961-24-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000008596124000028/0000085961-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000008596124000028/r-20240214.htm
  HTML page:      https://secwatch.observer/filing/0000085961-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer