---
schema_version: "secwatch.filing_event.v1"
accession: "0000085961-24-000075"
form_type: "8-K"
ticker: "R"
cik: "0000085961"
company_name: "RYDER SYSTEM INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:10:46.083086+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ryder Q1 EPS $1.89 GAAP, $2.14 comparable; raises full-year FY2024 EPS guidance

## Summary
- Total revenue $3.1B (+5% YoY); operating revenue $2.5B (+6% YoY).
- FMS EBT $100M (-45% YoY) on weaker used vehicle pricing and rental demand; SCS EBT $64M (+267% YoY) helped by acquisitions and prior-year impairment.
- FY2024 comparable EPS guidance raised to $11.75-$12.50 from prior range; GAAP EPS $10.95-$11.70.
- Q2 2024 comparable EPS guide $2.75-$2.95; GAAP EPS $2.58-$2.78.
- Free cash flow guidance improved to negative $(175-275)M; rental capex reduced by $100M.

## SEC filing metadata
- accession: 0000085961-24-000075
- form_type: 8-K
- ticker: R
- cik: 0000085961
- company_name: RYDER SYSTEM INC
- filed_at: 2024-04-23T23:59:59+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/85961/000008596124000075/0000085961-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85961/000008596124000075/r-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085961-24-000075
- JSON: https://secwatch.observer/filing/0000085961-24-000075.json
- Plain text: https://secwatch.observer/filing/0000085961-24-000075.txt

## Key facts
- Earnings Releases
  RYDER SYSTEM INC reported the three months ended March 31, 2024 results: revenue $3.1 billion, EPS $1.89. Guidance raised.
  - Period: the three months ended March 31, 2024
  - Revenue: $3.1 billion
  - EPS: $1.89
  - Guidance: raised
  - Result: reported results
  source text: Ryder Reports First Quarter 2024 Results Delivers Solid Q1 Results; Raises Full-Year 2024 Forecast First Quarter 2024 Highlights • GAAP EPS from continuing operations of $1.89 compared to $2.95 in prior year • Comparable EPS (non-GAAP) from continuing operations of $2.14, as compared to $2.81 in prior year, reflecting weaker market conditions in used vehicle sales and rental, partially offset by higher Supply Chain Solutions (SCS) and ChoiceLease results • Total revenue of $3.1 billion compared to $3.0 billion in prior year • Operating revenue (non-GAAP) of $2.5 billion, up 6%, reflecting recent acquisitions and contractual revenue growth, partially offset by lower commercial rental revenue in Fleet Management Solutions (FMS) Full -Year 2024 Forecast • ROE of 15.5% - 16.5% • Comparable EPS (non-GAAP) of $11.75 - $12.50 • Operating revenue (non-GAAP) expected to increase by approximately 10% • Net cash provided by operating activities from continuing operations of $2.4 billion and free
  evidence_url: https://www.sec.gov/Archives/edgar/data/85961/000008596124000075/0000085961-24-000075-index.htm

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