Ryder System (R) Tops Q2 EPS by 72c, Updates Guidance

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Go back to Ryder System (R) Tops Q2 EPS by 72c, Updates Guidance

Ryder Reports Second Quarter 2023 Results

July 26, 2023 7:55 AM EDT

Delivers Strong Results in Weak Freight Environment, Raises Full-Year Guidance 

Second-Quarter 2023 Highlights

GAAP EPS from continuing operations of $(0.39) due to a non-cash UK exit charge, compared to $4.72 in prior year Comparable EPS (non-GAAP) from continuing operations of $3.61, as compared to a record $4.43 in prior year, largely reflecting weaker market conditions in used vehicle sales and rental Strong performance in all segments benefited EBT Total revenue of $2.9 billion compared to $3.0 billion in prior year Operating revenue (non-GAAP) of $2.3 billion, up 1%, reflecting Supply Chain Solutions (SCS) and... More