Ryder System (R) Tops Q4 EPS by 39c, FY23 EPS Guidance Tops Consensus

Ryder System (NYSE: R) reported Q4 EPS of $3.89, $0.39 better than the analyst estimate of $3.50. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.02 billion.

GUIDANCE:

Ryder System sees Q1 2023 EPS of $11.05-$12.05, versus the consensus of $10.91.

• ROE of 16% - 18%
• Comparable EPS (non-GAAP) forecast of $11.05 - $12.05
• Operating revenue (non-GAAP) expected to increase by approximately 4%
• Net cash provided by operating activities from continuing operations forecast of $2.4 billion; free cash flow (non-GAAP) forecast of approximately $200 million
• Authorizes new 2-million-share discretionary repurchase program

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

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