Ryder System (NYSE: R) reported Q1 EPS of $3.59, $1.23 better than the analyst estimate of $2.36. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.57 billion.

GUIDANCE:

Ryder System sees FY2022 EPS of $13.00-$14.00, versus the consensus of $11.60.

• Increase GAAP EPS forecast to $12.83 - $13.83 from $10.40 - $11.40
• Increase comparable EPS (non-GAAP) forecast to $13.00 - $14.00 from $11.00 - $12.00
• Adjusted ROE (ROE) forecast of 23% - 25%
• Net cash provided by operating activities from continuing operations forecast of $2.3 billion; free cash flow (non-GAAP) forecast increased to $550 million - $650 million reflecting expected proceeds from the previously announced FMS UK exit

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