secwatch.observer — SEC 8-K summary
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Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000085961-24-000136
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryder reports Q2 2024 comparable EPS $3.00, beating forecast; raises dividend 14%
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- GAAP EPS $2.83 vs $(0.39) prior year; Comparable EPS $3.00 vs $3.61, above forecast.
- Total revenue $3.2B (+10%); Operating revenue $2.6B (+10%), driven by acquisitions and organic growth.
- FMS EBT $133M (-26% YoY) on weaker rental/used vehicle; SCS $85M (+13%); DTS $37M (+10%).
- Full-year 2024 guidance: Comparable EPS $11.90-$12.40, adjusted ROE 16%-16.5%, FCF $150-$250M.
- Quarterly dividend increased 14%; CEO notes outperformance vs prior cycles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000008596124000136/0000085961-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000008596124000136/r-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000085961-24-000136

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