Third Quarter 2025 Earnings Conference Call October 23, 2025 Safe Harbor and Non-GAAP Financial Measures Note Regarding Forward-Looking Statements: Refer to Appendix - Non-GAAP Financial Measures for reconciliations of the non-GAAP financial measures contained in this presentation to the most comparable GAAP measure. Additional information regarding non-GAAP financial measures as required by Regulation G and Item 10(e) of Regulation S-K can be found in our most recent Form 10-K, Form 10-Q and Form 8-K filed ...

Shares of Ryder System (NYSE: R ) have been a strong performer over the past year, gaining 25% despite an uncertain macro environment. The company’s multiyear strategic shift to long-term leasing and supply chain management has helped to insulate it from the macro sensitivityOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a que ...

Core Insights - Ryder System reported total revenue of $3.17 billion, showing a slight increase from $3.168 billion a year ago, while non-GAAP earnings per share rose to $3.57 from $3.44 [1] Revenue Performance - Dedicated Transportation Solutions (DTS) experienced a 10% decline in revenue to $570 million, reflecting challenges in the trucking market [2] - DTS revenue decreased sequentially from $606 million in the second quarter, which was down from $635 million in the same quarter of 2024 [3] - Fleet Management Solutions saw a minor revenue drop of $5 million year-on-year, but earnings before taxes increased by 11% to $146 million [5] - Supply Chain Solutions achieved the highest revenue growth among the divisions, with a 5% increase to $1.38 billion, although earnings before taxes fell by 8% to $86 million [6] Operational Insights - Ryder's CEO noted that benefits from strong operating performance and acquisition synergies in DTS were offset by fleet reductions due to weaker freight market conditions [4] - Used vehicle pricing for tractors and trucks decreased by 6% and 15%, respectively, compared to the second quarter of 2024, although tractor pricing remained unchanged sequentially and truck pricing increased by 7% [7] Cost Management - Fuel expenses decreased significantly from $116 million a year ago to $94 million in the second quarter of 2025, providing a positive impact on Ryder's financials [8] - The company adjusted its fiscal non-GAAP EPS forecast to a range of $12.85-$13.05, slightly down from the previous range of $12.85-$13.30, while most other forecast numbers remained unchanged [8]

Ryder (R) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.56 per share. This compares to earnings of $3.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.28%. A quarter ago, it was expected that this truck leasing company would post earnings of $3.11 per share when it actually produced earnings of $3.32, delivering a surprise of +6.75%.Over the last four quarters, the company ...

Financial Performance - GAAP EPS from continuing operations was $3.33, up 2% from the prior year, while comparable EPS (non-GAAP) was $3.57, up 4% from the prior year[3]. - Total revenue for Q3 2025 was $3.2 billion, consistent with the prior year, and operating revenue (non-GAAP) was $2.6 billion, up 1%[3]. - Net earnings for Q3 2025 were $138 million, compared to $142 million in Q3 2024, resulting in diluted EPS of $3.32, up from $3.24[32]. - Comparable earnings from continuing operations for Q3 2025 were $149 million, compared to $151 million in Q3 2024, with a comparable tax rate of 25.6% for Q3 2025 versus 23.9% for Q3 2024[52]. - The company expects full-year 2025 GAAP EPS to be between $12.10 and $12.30, with comparable EPS (non-GAAP) between $12.85 and $13.05[20]. - The forecast for comparable EPS from continuing operations for the full year 2025 is between $12.85 and $13.05, reflecting growth from the previous year[58]. Revenue Breakdown - Fleet Management Solutions (FMS) total revenue was $1.465 billion, unchanged from the prior year, while Supply Chain Solutions (SCS) total revenue increased by 5% to $1.38 billion[12]. - Dedicated Transportation Solutions (DTS) total revenue decreased by 10% to $570 million, reflecting lower fleet count due to freight market conditions[13]. - Services revenue decreased to $2,088 million in Q3 2025 from $2,097 million in Q3 2024, while lease and related maintenance revenue increased to $976 million from $960 million[32]. - The company reported a 5% increase in Supply Chain Solutions revenue to $1,380 million in Q3 2025, compared to $1,317 million in Q3 2024[38]. - FMS total revenue for Q3 2025 was $1,465 million, a slight decrease of 0.3% compared to $1,470 million in Q3 2024[40]. - SCS total revenue increased by 5% to $1,380 million in Q3 2025 from $1,317 million in Q3 2024[40]. - DTS total revenue decreased by 10% to $570 million in Q3 2025 compared to $633 million in Q3 2024[40]. Earnings Before Tax - Earnings Before Tax (EBT) for FMS increased by 11% to $146 million, driven by higher ChoiceLease performance[11]. - SCS EBT decreased by 8% to $86 million, impacted by e-commerce network performance and medical costs despite revenue growth[12]. - FMS earnings before income taxes increased by 11% to $146 million in Q3 2025, compared to $132 million in Q3 2024[40]. - SCS earnings before income taxes decreased by 8% to $86 million in Q3 2025 from $93 million in Q3 2024[40]. - DTS earnings before income taxes remained stable at $36 million in Q3 2025, unchanged from Q3 2024[40]. Cash Flow and Capital Expenditures - Free cash flow (non-GAAP) is projected to be between $900 million and $1 billion for 2025[20]. - Free cash flow for the nine months ended September 30, 2025, was $496 million, significantly higher than $218 million for the same period in 2024[36]. - The forecast for total cash generated in 2025 is $3,300 million, with expected free cash flow of $1,000 million after capital expenditures[59]. - Capital expenditures decreased to $1.6 billion in 2025 from $2.0 billion in 2024, primarily due to reduced investments in ChoiceLease and rental[17]. Debt and Taxation - Total debt increased to $7,857 million as of September 30, 2025, from $7,779 million at the end of 2024, resulting in a debt-to-equity ratio of 254%[34][36]. - The effective income tax rate from continuing operations was 27.1%, up from 24.0% in the prior year[16]. Operational Performance - Comparable EBITDA for Q3 2025 was $742 million, up from $716 million in Q3 2024, indicating a 4% increase[36]. - The effective interest rate for the company was 5.2% for both Q3 2025 and Q3 2024[36]. - The average fleet count for ChoiceLease decreased by 2% to 142,400 units in Q3 2025 compared to 145,300 units in Q3 2024[42]. - Net cash provided by operating activities from continuing operations for the nine months ended September 30, 2025, was $1,845 million, an increase from $1,707 million in 2024[51]. - Non-operating pension costs for Q3 2025 were $7 million, consistent with Q3 2024, indicating stable pension-related expenses[52]. Future Outlook - The company plans to continue focusing on market expansion and enhancing its service offerings to drive future growth[31]. - Operating revenue for the full year 2025 is expected to be $10,400 million, a 1% increase from $10,266 million in 2024[57].

Core Insights - Zomedica Corp. has launched the Assisi Loop Lounge, a next-generation targeted pulsed electromagnetic field (tPEMF) therapy bed designed for pets, emphasizing both therapeutic effectiveness and comfort [1] - The Assisi Loop Lounge offers unlimited uses and a lifetime warranty, enhancing its value proposition for pet owners and veterinary professionals [1] - This product is distinguished as the only small animal tPEMF device supported by peer-reviewed scientific research, establishing its credibility among veterinarians and pet owners globally [1] Company Overview - Zomedica is an animal health company focused on innovative point-of-care diagnostic and therapeutic products for equine and companion animals [1] - The introduction of the Assisi Loop Lounge expands Zomedica's evidence-based therapeutic portfolio, reinforcing its leadership in the tPEMF innovation space [1] Product Features - The Assisi Loop Lounge provides full-body treatment, combining superior comfort with advanced therapeutic technology [1] - The product is designed to deliver lasting therapeutic value, making it a trusted choice in the veterinary market [1]

In the current market session, Ryder System Inc. (NYSE:R) share price is at $186.21, after a 1.44% increase. Moreover, over the past month, the stock decreased by 0.24%, but in the past year, increased by 28.39%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. A Look at Ryder System P/E Relative to Its CompetitorsThe P/E ratio measures the current share price to the company's EPS. It is used by long-term investo ...

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TORONTO, ON / ACCESS Newswire / October 17, 2025 / NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) ("NextSource" or the "Company") wishes to confirm that operations at its Molo Graphite Mine in southern Madagascar and shipments of its SuperFlake® graphite concentrate remain unaffected by the current political situation in Madagascar. Mining and processing activities at the Molo mine continue under normal conditions, with the Company maintaining its regular campaign production and logistics schedules. ...

This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Dive Brief: Ryder System opened a truck rental and maintenance facility in Lebanon, Tennessee, as part of its strategy to expand where demand and logistics activity is growing, Tom Havens, president of fleet management solutions, told Trucking Dive. The new site, now operational, is 7,000 square feet with five maintenance bays, integrated technology and equipp ...