Ryder System (R) Tops Q3 EPS by 80c, Updates Guidance
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Ryder Reports Third Quarter 2022 Results
October 26, 2022 7:55 AM EDTThird Quarter 2022
GAAP EPS from continuing operations of $4.82 versus $2.58 in prior year due to higher earnings in all three business segments Comparable EPS (non-GAAP) from continuing operations of $4.45 versus $2.55 in prior year Total revenue of $3.0 billion and operating revenue (non-GAAP) of $2.3 billion, up 23% and 18%, respectively, reflecting organic revenue growth in all business segments and SCS acquisitionsFull-Year 2022 Forecast
Increased GAAP EPS forecast to $16.40 - $16.60 from $14.45 - $14.95 Increased comparable EPS (non-GAAP) forecast to $15.65 - $15.85 from $14.30 - $14.80 Adjusted ROE (ROE) forecast increased to 26% - 27% from 25%... More