Ryder System (R) Tops Q1 EPS by 4c, Beats on Revenues; Boosts FY18 EPS Guidance

Ryder System (NYSE: R) reported Q1 EPS of $0.91, $0.04 better than the analyst estimate of $0.87. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.89 billion.

• Q1 GAAP EPS from Continuing Operations Down $0.08 or 11% to $0.64, Includes $0.29 UK Goodwill Impairment Charge
• Q1 Comparable EPS (non-GAAP) from Continuing Operations Up $0.08 or 10% to $0.91, Reflects Lower Tax Rate from Tax Reform
• Record Q1 Total Revenue Grows 10% to $1.9 Billion; Record Q1 Operating Revenue (non-GAAP) Up 7% to $1.5 Billion
• Revised Full-Year 2018 GAAP EPS Forecast Range of $4.55 to $4.80 vs. Prior Forecast of $5.34 to $5.64, Driven by a Tax Reform-Related Adjustment and UK Goodwill Impairment Charge
• Revised Full-Year 2018 Comparable EPS Forecast Range (non-GAAP) of $5.45 to $5.70 vs. Prior Forecast of $5.40 to $5.70

GUIDANCE:

Ryder System sees FY2018 EPS of $5.45-$5.70, versus the consensus of $5.53.

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

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