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Stock impact report

Ryder (R) Q1 Earnings & Revenues Beat, 2024 EPS View Up [Yahoo! Finance]

Ryder System, Inc. (R) 
Last ryder system, inc. earnings: 4/29 07:55 am Check Earnings Report
US:NYSE Investor Relations: investors.ryder.com
Company Research Source: Yahoo! Finance
However, the bottom line plunged 23.8% year over year, reflecting weaker market conditions in used vehicle sales and rental, partially offset by higher Supply Chain Solutions and ChoiceLease results. Total revenues of $3,098 million outpaced the Zacks Consensus Estimate of $3,013.1 million and improved 5% year over year. Operating revenues of $2,495 million grew 6% year over year, reflecting recent acquisitions and contractual revenue growth, partially offset by lower commercial rental revenue in Fleet Management Solutions. Ryder, chairman and chief executive officer, Robert Sanchez, stated, "The outperformance in the quarter was driven by better-than-expected used vehicle results and benefits from our ongoing maintenance cost savings initiative. The actions we've taken to de-risk the model, enhance returns, and drive profitable growth are delivering improved results relative to prior cycles. ROE was 17% and in line with our target, reflecting the transformation of our business mo Show less Read more
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