earnings
confidence high
sentiment neutral
materiality 0.70
Ryder Q3 comparable EPS $3.44 vs $3.58 YoY; reaffirms FY24 EPS guidance
RYDER SYSTEM INC
2024-Q3 EPS reported
$7.95
revenue$9,447,000,000
- GAAP EPS $3.25 vs $3.44 Q3 2023; Comparable EPS $3.44 vs $3.58.
- Total revenue $3.2B (+8% YoY); operating revenue $2.6B (+9% YoY).
- FMS EBT $132M (-22%), SCS EBT $93M (+14%), DTS EBT $36M (+31%).
- Board authorized new 2M-share repurchase program; FY24 capex ~$2.9B.
- Reaffirms FY24 adjusted ROE 16%-16.5%; debt-to-equity 249% (target 250-300%).