R - Ryder System Inc. (R) Q1 2024 Earnings Call Transcript
2024-04-23 12:50:02 ET
Ryder System, Inc. (R)
Q1 2024 Earnings Conference Call
April 23, 2024 11:00 AM ET
Company Participants
Calene Candela - Vice President, Investor Relations
Robert Sanchez - Chairman & Chief Executive Officer
John Diez - Executive Vice President & Chief Financial Officer
Steve Sensing - President, Supply Chain Solutions & Dedicated Transportation Solutions
Conference Call Participants
Jordan Alliger - Goldman Sachs
Scott Group - Wolfe Research
Brian Ossenbeck - JPMorgan
Jeff Kauffman - Vertical Research Partners
Justin Long - Stephens
Presentation
Operator
Good morning, and welcome to the Ryder System First Quarter 2024 Earnings Release Conference Call. All lines are in a listen-only mode until after the presentation. Today's call is being recorded. If you have any objections, please disconnect at this time.
I would now like to introduce Ms. Calene Candela, Vice President, Investor Relations for Ryder. Ms. Candela, you may begin.
Calene Candela
Thank you. Good morning, and welcome to Ryder's First Quarter 2024 Earnings Conference Call. I'd like to remind you that during this presentation, you'll hear some forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in economic, business, competitive, market, political and regulatory factors. More detailed information about these factors and a reconciliation of each non-GAAP financial measure to the nearest GAAP measure is contained in this morning's earnings release earnings call presentation and in Ryder's filings with the Securities and Exchange Commission, which are available on Ryder's website.
Presenting on today's call are Robert Sanchez, Chairman and Chief Executive Officer; and John Diez, Executive Vice President and Chief Financial Officer. Additionally, Tom Havens, President of Fleet Management Solutions; and Steve Sensing, President of Supply Chain Solutions and Dedicated Transportation Solutions, are on the call today and available for questions following the presentation.
At this time, I'll turn the call over to Robert.
Robert Sanchez
Good morning, everyone, and thanks for joining us. I'm extremely proud of our team for delivering solid results again this quarter, despite freight conditions that remain challenging. Our operating performance continues to demonstrate that the transformative changes that we've made to derisk our business model, enhance returns and drive long-term profitable growth have significantly increased the earnings and return profile of the business versus prior cycles....
Ryder System, Inc. (R) Q1 2024 Earnings Call Transcript