2023-07-26 07:56:53 ET
- Ryder press release ( NYSE: R ): Q2 Non-GAAP EPS of $3.61 beats by $0.72 .
- Revenue of $2.88B (-5.0% Y/Y) misses by $170M .
- Operating revenue (non-GAAP) of $2.3 billion, up 1%, reflecting Supply Chain Solutions ( SCS ) and Dedicated Transportation Solutions (DTS) revenue growth partially offset by impact from UK exit
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Full-Year 2023 Forecast
- Increased comparable EPS (non-GAAP) forecast to $12.20 - $12.70 from prior forecast of $11.30 - $12.05
- Adjusted ROE (ROE) forecast increased to 17% - 19% from 16% - 18%
- Operating revenue (non-GAAP) growth forecast of 2%, down from prior forecast of 4%, reflecting lower rental demand and volumes in the omnichannel retail vertical
- Net cash provided by operating activities from continuing operations forecast of $2.5 billion, up from $2.4 billion; free cash flow (non-GAAP) forecast of ~$100 million, down from ~$200 million, reflecting accelerated timing of OEM deliveries
For further details see:
Ryder Non-GAAP EPS of $3.61 beats by $0.72, revenue of $2.88B misses by $170M