Ryder System (R) Tops Q4 EPS by $1.06, FY EPS Guidance Tops Consensus

Ryder System (NYSE: R) reported Q4 EPS of $3.52, $1.06 better than the analyst estimate of $2.46. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.48 billion.

GUIDANCE:

Ryder System sees FY2022 EPS of $11.00-$12.00, versus the consensus of $8.95.

• GAAP EPS forecast of $10.40 - $11.40, up 7% - 18% from 2021; comparable EPS (non-GAAP) forecast of $11.00 - $12.00, up 15% - 25% from 2021
• ROE forecast of 20% - 22%; ROE target over the cycle increased from 15% to high teens range
• Net cash provided by operating activities from continuing operations forecast of $2.3 billion; free cash flow (non-GAAP) forecast of $200 million - $300 million
• Total revenue and operating revenue (non-GAAP) expected to increase by approximately 10%
• Strong balance sheet provides flexibility for potential acquisitions and share repurchases; intend to enter into a $300 million accelerated share repurchase program

For earnings history and earnings-related data on Ryder System (R) click here.

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