secwatch.observer — SEC 8-K summary
======================================

Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000085961-24-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000008596124000075/0000085961-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000008596124000075/r-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000085961-24-000075

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