UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-4364 RYDER SYSTEM, INC. (Exact name of registrant as specified in its charter) Florida 59-0739250 (State or other jurisdiction of incorporati ...

Ryder System, Inc. (NYSE:R) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Bob Brunn - SVP, IR and Corporate Strategy Robert Sanchez - Chairman and CEO John Diez - EVP and CFO Tom Havens - President, Global Fleet Management Solutions Steve Sensing - President, Global Supply Chain Solutions and Dedicated Transportation Conference Call Participants Jordan Alliger - Goldman Sachs Scott Group - Wolfe Research Stephanie Moore - Truist Jeff Kauffman - Vertical Research Partners A ...

First Quarter 2022 Earnings Conference Call April 27, 2022 SUPPLY CHAIN Safe Harbor and Non-GAAP Financial Measures 2 Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995, including our forecast; expectations regarding market trends and economic environment; impact of supply chain and labor shortage challenges and vehicle production constraints, on market ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-4364 RYDER SYSTEM, INC. (Exact name of registrant as specified in its charter) Florida 59-0739250 (State or other jurisdiction of incorporat ...

Business Overview - Ryder has a total revenue of $9.7 billion[16] - Ryder manages 259,800 vehicles[16] and 75 million square feet of warehouse space[16] - Ryder has approximately 42,800 employees[16] and ~800 maintenance locations[17] - Ryder's revenue is diversified across industries, with Food and Beverage and Transportation and Logistics each accounting for 21%[19], Fleet Management Solutions (FMS) contributing 14%[19], Supply Chain Solutions (SCS) accounting for 28%[19], and Dedicated Transportation Solutions (DTS) contributing 58%[19] Financial Performance and Targets - Ryder's 2021 Return on Equity (ROE) was 21%[36], and the forecast for 2022 is 20-22%[36] - Ryder's 2021 free cash flow was $1.1 billion[36], with a forecasted free cash flow of $200 - $300 million for 2022[36] - Ryder targets a high teens ROE over the cycle[40, 44] and a leverage ratio (Debt-to-Equity) of 250% - 300%[40] Strategic Initiatives - Ryder aims to achieve incremental savings of $40 million in FY21 from maintenance cost savings initiatives and expects to exceed the initial $100 million target[42] - Ryder intends to exit the lower return FMS business in the UK[42] - Ryder offers e-fulfillment network provides distribution capability to 100% of U S consumers within 2 days[32]

Financial Data and Key Metrics Changes - Operating revenue for Q4 2021 was $2.1 billion, a 14% increase from the prior year, with comparable earnings per share from continuing operations at $3.52 compared to $0.83 in the prior year [16][17] - Return on equity reached a record 20.9% for 2021, reflecting improved performance in Fleet Management Solutions (FMS) [17][18] - Free cash flow for 2021 was strong at $1.1 billion, although down from the prior year due to higher capital expenditures [13][40] Business Line Data and Key Metrics Changes - FMS operating revenue increased by 9%, driven by a 35% increase in rental revenue, with pre-tax earnings of $255 million, up by $195 million from the prior year [18][19] - Supply Chain Solutions (SCS) operating revenue increased by 21%, with EBT as a percentage of operating revenue at 3.5%, below target due to supply chain disruptions [23] - Dedicated Transportation Solutions (DTS) operating revenue increased by 26%, with EBT as a percentage of operating revenue at 4%, below target due to increased labor and insurance costs [24] Market Data and Key Metrics Changes - The used vehicle market conditions remained robust, with year-over-year proceeds approximately doubling for both tractors and trucks, and average used vehicle pricing well above residual value estimates [21][22] - The company expects robust outsourcing trends to continue, supported by increased awareness of supply chain resiliency [26] Company Strategy and Development Direction - The company completed two acquisitions in January 2022, expected to add approximately $480 million and $135 million to supply chain total revenue, respectively [9][10] - The company plans to enter a new $300 million accelerated share repurchase program, while still expecting capacity for acquisitions [14] - Long-term ROE target is raised from 15% to a range of upper-teens, reflecting higher expected returns in FMS [51] Management's Comments on Operating Environment and Future Outlook - Management noted unprecedented challenges impacting labor, supply chain, and truck production, which are providing growth opportunities [11] - The company expects operating revenue to grow approximately 10% in 2022, with comparable EPS forecasted between $11 and $12, up 15% to 25% over the prior year [27][43] - Management anticipates continued strength in FMS and a recovery of SCS and DTS returns in the second half of 2022 [40] Other Important Information - The company plans to exit the lower return FMS business in the UK over the next 12 to 18 months, which is expected to benefit cash flow [48] - The company is maintaining balance sheet flexibility through moderate lease growth, enabling investments in higher return opportunities [50] Q&A Session Summary Question: Customer acceptance of price increases in FMS segment - Management noted strong customer acceptance of pricing increases due to lower residual expectations and ongoing volatility in the market [60][61] Question: Drivers for EBT margin recovery in Dedicated and Supply Chain - Management highlighted record new contract wins and recovery of pricing related to wage increases as key drivers for margin recovery [71][72] Question: Impact of Omicron on operations - Management acknowledged increased absenteeism due to Omicron but noted strong demand in FMS helped offset the impact [103][104] Question: Expectations for inflation across different segments - Management indicated that CPI increases are included in contracts, allowing for cost pass-throughs to customers, thus mitigating inflation impacts [115][117] Question: Initial performance and strategy for acquisitions - Management expressed excitement about the Whiplash and Midwest acquisitions, emphasizing their strategic importance in expanding e-commerce fulfillment and multi-client warehousing capabilities [128][129]

Fourth Quarter 2021 Earnings & 2022 Outlook Conference Call February 16, 2022 SUPPLY CHAIN Safe Harbor and Non-GAAP Financial Measures 2 Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995, including our forecast, expectations regarding market trends and economic environment; impact of COVID-19 effects, including supply chain and labor shortage challenge ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-4364 RYDER SYSTEM, INC. (Exact name of registrant as specified in its charter) Florida 59-0739250 (State or other jurisdiction of incorporation o ...

Ryder System, Inc. (NYSE:R) Q3 2021 Earnings Conference Call October 27, 2021 11:00 AM ET Company Participants Bob Brunn – Senior Vice President, Investor Relations, Corporate Strategy and New Product Strategy Robert Sanchez – Chairman and Chief Executive Officer John Diez – Executive Vice President and Chief Financial Officer Steve Sensing – President of Global Supply Chain Solutions and Dedicated Transportation Tom Havens – President of Global Fleet Management Solutions Conference Call Participants Alliso ...

Third Quarter 2021 Earnings Conference Call October 27, 2021 SUPPLY CHAIN Safe Harbor and Non-GAAP Financial Measures Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995, including our forecast, expectations regarding market trends and economic environment; impact of the COVID-19 pandemic, including ongoing supply chain and labor challenges, on market co ...