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Delivra Health Brands, and Its Dream Water(R) Brand, Partners with QVC to Bring Dream Water to Online Shoppers Across the US
Newsfile· 2025-06-02 21:00
Delivra Health Brands, and Its Dream Water(R) Brand, Partners with QVC to Bring Dream Water to Online Shoppers Across the USJune 02, 2025 5:00 PM EDT | Source: Delivra Health Brands Inc.Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Delivra Health Brands Inc. (TSXV: DHB) (OTCQB: DHBUF) ("Delivra Health" or the "Company"), a consumer packaged goods company uniquely positioned in the health and wellness sector, is pleased to announce that it has further expanded its presence in t ...
GMG Announces Internal G(R) Lubricant Testing Results Showing 10% Fuel Savings and 33% Reduction in Particulate Emissions
Newsfile· 2025-05-27 12:15
GMG Announces Internal G(R) Lubricant Testing Results Showing 10% Fuel Savings and 33% Reduction in Particulate EmissionsMay 27, 2025 8:15 AM EDT | Source: Graphene Manufacturing Group Ltd.Brisbane, Queensland, Australia--(Newsfile Corp. - May 27, 2025) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the following internal GMG run engine test results when G® Lubricant was added to a Caterpillar 22 kVA diesel engine run at an 80% Lo ...
Why Is Ryder (R) Up 8% Since Last Earnings Report?
ZACKS· 2025-05-23 16:36
It has been about a month since the last earnings report for Ryder (R) . Shares have added about 8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Ryder due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, estimates ...
Datadog for Government Achieves FedRAMP(R) High 'In Process' Status to Support Mission-Critical Federal Workloads
Newsfile· 2025-05-21 20:05
Datadog for Government Achieves FedRAMP(R) High 'In Process' Status to Support Mission-Critical Federal WorkloadsAchieving FedRAMP High authorization will enable federal agencies to more effectively monitor, secure and optimize their critical applications and infrastructureMay 21, 2025 4:05 PM EDT | Source: Datadog, Inc.New York, New York--(Newsfile Corp. - May 21, 2025) - Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced it is advancing ...
SusGlobal(R) Announces Additional Sales of Carbon Credits and Verrs Generated from Its Belleville Composting Offset Project
Newsfile· 2025-05-21 12:00
May 21, 2025 8:00 AM EDT | Source: SusGlobal Energy Corp. Toronto, Ontario--(Newsfile Corp. - May 21, 2025) - SusGlobal Energy Corp. (OTCQB: SNRG) ("SusGlobal" or the "Company"), an environmental and renewables company, Leaders in The Circular Economy®, today announced that its wholly owned subsidiary SusGlobal Energy Belleville Ltd. ("SusGlobal Belleville") has sold an additional 1,500 Verified Emission Reductions and Removals ("VERRs"), for a total of 59,802 VERRs sold to date as part of the Anew™ SusGlob ...
Launch of 60-Count Sleep Gummies into the Middle Eastern Markets Drives Further Growth of Delivra Health Brands' Dream Water(R) Brand
Newsfile· 2025-05-08 21:05
Core Insights - Delivra Health Brands Inc. is launching its new 60-Count Sleep Gummies in Middle Eastern markets through its Kuwait-based distributor, expected to be available by July 2025 [1][2] - The product expansion aims to leverage existing traction from Dream Water® Sleep Gummies in Canadian and U.S. markets, enhancing consumer choice in the Middle East [2] Company Strategy - The strategic partnership with local distributors is intended to unlock new growth opportunities by utilizing their regional market insights and proven performance [2] - The introduction of the 60-Count Sleep Gummies complements the existing Dream Water® liquid shots, reinforcing the brand's growth strategy in the health and wellness sector [2] Product Information - The 60-Count Sleep Gummies are part of Delivra Health's portfolio, which includes innovative brands like Dream Water® and LivRelief™, aimed at providing relief from issues such as chronic pain, anxiety, and sleeplessness [6]
Edge Total Intelligence Recognized in the Gartner(R) Hype Cycle for Power and Utility Industry IT, 2024
Newsfile· 2025-05-08 07:01
Core Insights - Edge Total Intelligence Inc. has been recognized as a Sample Vendor in the Digital Twins category by Gartner in its Hype Cycle for Power and Utility IT, 2024 [1][4] - The report emphasizes the necessity for power and utility companies to adopt digital technology to ensure affordable and sustainable services, providing insights for CIOs to align technology investments with business goals [2][4] Company Overview - EdgeTI specializes in real-time digital twin software, which creates composite views of industrial assets and integrates existing technology with digital innovations [4][9] - The company's edgeCore™ software enhances decision-making by uniting authoritative information with control systems across various domains, leveraging generative AI and machine learning [5][9] Industry Context - Digital twins are being utilized by enterprises to accelerate business processes and contribute to machine learning and GenAI foundation models, leading to improvements in cost optimization and new revenue models [4][6] - The opportunity for digital twins extends beyond traditional technology boundaries, allowing the power and utility industry to utilize diverse energy forms and IT infrastructure [6] Stock Options Announcement - The company has granted 250,000 stock options to its director, officer, and consultant, exercisable at CAD$0.39 per share for five years, with vesting occurring in equal tranches [7]
Ryder Q1 Earnings Surpass Estimates, Improve Year Over Year
ZACKS· 2025-04-25 18:05
Ryder System, Inc. (R) reported first-quarter 2025 earnings per share (EPS) of $2.46, which surpassed the Zacks Consensus Estimate of $2.40 and improved 15% year over year, reflecting higher contractual earnings in all segments, partially offset by weaker market conditions in rental and used vehicle sales. The reported figure lies within the guided range of $2.30-$2.55.Total revenues of $3.13 billion lagged the Zacks Consensus Estimate of $3.17 billion. The top line improved 1% year over year. Operating rev ...
Ryder(R) - 2025 Q1 - Earnings Call Transcript
2025-04-23 20:20
Financial Data and Key Metrics Changes - Operating revenue for Q1 2025 was $2.6 billion, up 2% from the prior year, primarily due to acquisition and contractual revenue growth in supply chain and Fleet Management Solutions (FMS) [18] - Comparable earnings per share (EPS) from continuing operations increased to $2.46, up from $2.14 in the prior year [18] - Return on equity (ROE) was reported at 17%, consistent with expectations [19] - Free cash flow rose to $259 million from $13 million in the prior year, reflecting lower capital expenditures [19] Business Line Data and Key Metrics Changes - Fleet Management Solutions' operating revenue increased by 1%, driven by higher ChoiceLease revenue, which grew by 3% [20] - Supply Chain operating revenue increased by 3%, with earnings up 35% year-over-year due to improved performance from strategic initiatives [27] - Dedicated operating revenue rose by 8%, with earnings before tax (EBT) increasing by 50% year-over-year, benefiting from acquisition synergies [28] Market Data and Key Metrics Changes - 93% of Ryder's revenue is generated in the U.S., with expectations for 60% of 2025 revenue to come from asset-light businesses [15] - Used vehicle sales saw a decline, with used tractor proceeds down 16% and used truck proceeds down 17% year-over-year [23] - Rental utilization on the power fleet was 66%, consistent with the prior year, but rental demand remains weak [22] Company Strategy and Development Direction - The company is focused on a balanced growth strategy, aiming to derisk the business and increase the return profile while accelerating growth in asset-light businesses [7][12] - Ryder expects to generate annual pretax earnings benefits of approximately $150 million from multiyear strategic initiatives, which are not dependent on a cycle upturn [43] - The company plans to continue investing in organic growth and strategic acquisitions, having repurchased approximately 20% of its shares since 2021 [37] Management's Comments on Operating Environment and Future Outlook - Management noted a more muted macroeconomic environment impacting rental demand and used vehicle sales, but remains confident in long-term growth trends [39][41] - The company anticipates that the extended freight downturn will lead to some customers delaying decisions or downsizing fleets [41] - Despite current challenges, management highlighted the resilience of the contractual business model, which continues to provide earnings growth [75] Other Important Information - Ryder returned $202 million to shareholders through share repurchases and dividends during the quarter [13] - The company expects to generate approximately $10 billion from operating cash flow and used vehicle sales proceeds over the next three years, creating $3.5 billion of incremental debt capacity [35] Q&A Session Summary Question: Can you talk about the used vehicle market and its potential developments? - Management indicated that used vehicle pricing is expected to stabilize as aged inventory is sold off, with a potential increase in retail pricing in the second half of the year [56][58] Question: What macro assumptions are in the low end of the guidance? - The low end of the guidance assumes further deterioration in rental and used vehicle sales, but management remains confident in earnings growth year-over-year [73][75] Question: What indicators are being monitored for early demand cycles? - Rental fleet utilization is a key indicator, with softer conditions noted as the company exited Q1, but some positive momentum in tractor classes was observed [83][86] Question: What are the implications of a potential decline in used vehicle pricing? - If pricing were to decline significantly, it would lead to incremental charges on used trucks, but the current guidance accounts for potential downside risks [126][128] Question: How is the company positioned regarding potential M&A opportunities? - Management is actively looking for acquisition opportunities that align with Ryder's capabilities and culture, particularly in supply chain solutions [89][92]
Ryder(R) - 2025 Q1 - Quarterly Report
2025-04-23 15:53
Financial Performance - Diluted EPS from continuing operations increased by 21% to $2.29, with comparable EPS rising 15% to $2.46[85] - Total revenue for the first quarter of 2025 was $3.1 billion, reflecting a 1% increase, while operating revenue rose 2% to $2.6 billion[85][88] - Net cash provided by operating activities from continuing operations was $651 million, a 24% increase compared to the prior year[85] - Total revenue for Q1 2025 was $3,131 million, compared to $3,098 million in Q1 2024, reflecting an increase of 1.1%[159] - Operating revenue for Q1 2025 was $2,557 million, an increase from $2,495 million in Q1 2024, representing a growth of 2.5%[159] - Comparable EBITDA for Q1 2025 was $671 million, compared to $636 million in Q1 2024, indicating a year-over-year increase of 5.5%[158] - Comparable earnings for Q1 2025 were $106 million, up from $96 million in Q1 2024, marking a growth of 10.4%[154] - Adjusted net earnings for the twelve months ended March 31, 2025, were $509 million, compared to $533 million in 2024[163] Revenue Breakdown - Lease & related maintenance and rental revenue increased by 1% to $945 million, with gross margin rising 11% to 31%[95][97] - Fuel services revenue decreased by 15% to $106 million, primarily due to lower fuel prices passed through to customers[98] - Fleet Management Solutions (FMS) total revenue decreased by 1% to $1,447 million, primarily due to lower fuel costs passed through to customers[117] - Supply Chain Solutions (SCS) revenue increased by 2% to $1,331 million, while Dedicated Transportation Solutions (DTS) revenue grew by 7% to $602 million[109] - SCS total revenue for the three months ended March 31, 2025, was $1,331 million, a 2.2% increase from $1,302 million in the same period of 2024[160] - DTS total revenue for the three months ended March 31, 2025, was $602 million, a 6.9% increase from $563 million in the same period of 2024[160] Operating Metrics - The average rental power fleet utilization remained stable at 66% in Q1 2025, consistent with the prior year[118] - The total fleet of owned and leased revenue-earning equipment decreased by 1% to 190,400 units compared to 191,900 units in Q1 2024[120] - FMS operating revenue, excluding fuel, increased by 1% to $1,260 million, driven by higher ChoiceLease revenue[117] - FMS EBT as a percentage of total revenue decreased to 6.5% in Q1 2025 from 6.9% in Q1 2024, reflecting a decline in commercial rental demand[115] - SCS EBT grew by 35% to $87 million in Q1 2025, reflecting improved operating performance from strategic initiatives and new business[129] - DTS EBT increased by 50% to $27 million in Q1 2025, benefiting from acquisition synergies and strong performance of the legacy business[131] Expenses and Costs - Interest expense increased by 9% to $100 million, reflecting higher market interest rates on new debt issuances[105] - SG&A expenses decreased by 3% to $368 million, maintaining 12% of total revenue[101] - Total CSS costs increased by 9% to $108 million in Q1 2025, primarily due to higher incentive-based compensation and strategic investments in marketing[132] Cash Flow and Capital Expenditures - Free cash flow increased to $259 million in Q1 2025, up from $13 million in 2024, primarily due to reduced capital expenditures[135] - Gross capital expenditures decreased to $536 million in Q1 2025, down from $716 million in 2024, reflecting reduced investments in ChoiceLease[136] - Cash and cash equivalents totaled $151 million as of March 31, 2025, with $114 million held outside the U.S. available for non-U.S. operations[138] Debt and Equity - The debt-to-equity ratio was 259% as of March 31, 2025, compared to 250% at the end of 2024, indicating an increase in leverage[146] - The board of directors declared a quarterly cash dividend of $0.81 per share for February 2025, up from $0.71 in February 2024[147] - The corporate revolving credit facility was amended to increase the committed borrowing capacity to $1.6 billion, expiring in April 2030[182] Strategic Outlook - The company anticipates continued challenges from inflationary pressures and economic uncertainty impacting demand and financial results[84] - The company expects continued demand for outsourced logistics and anticipates impacts from economic uncertainty on market conditions[164] - The company is focused on strategic investments and initiatives to enhance lease pricing and maintenance cost savings[166] - The company faces risks from inflationary pressures, interest rate movements, and competition affecting profitability and market demand[167] Share Repurchase - The company repurchased a total of 1,229,636 shares of common stock during the three months ended March 31, 2025, at an average price of $158.37 per share[179] - The maximum number of shares that may yet be purchased under the publicly announced programs is 1,929,081[179] - The company maintains two share repurchase programs approved by the board of directors in October 2023 and 2024[179]