Ryder System, Inc. (NYSE:R) Q2 2024 Results Conference Call July 25, 2024 11:00 AM ET Company Participants Calene Candela - Vice President-Investor Relations Robert Sanchez - Chairman and Chief Executive Officer John Diez - Executive Vice President and Chief Financial Officer Tom Havens - President of Global Fleet Management Solutions Steve Sensing - President-Global Supply Chain Solutions and Dedicated Transportation Conference Call Participants Christyne McGarvey - Morgan Stanley Jeff Kauffman - Vertical ...

SG&A expenses increased 7% in the second quarter of 2024 and 6% in the six months ended June 30, 2024. The increase in the second quarter and six months ended June 30, 2024, primarily reflects the impact from recent acquisitions partially offset by lower marketing costs due to strategic investments made in the prior year. SG&A expenses as a percentage of total revenue remained at 12% for the second quarter and for the six months ended June 30, 2024. Non-Operating Pension Costs, net Three months ended June 3 ...

The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of -2.09%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $2.88. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Ryder (R) reported $3.18 billion in revenue for the quarter ended June 2024, representing a year-over-year ...

What's Next for Ryder? Ahead of this earnings release, the estimate revisions trend for Ryder: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the ...

Outlook 3Q24 Comparable EPS (non-GAAP) $3.30 - $3.50 ———————————— The non-GAAP elements of this calculation have been reconciled to the corresponding GAAP measures. A numerical reconciliation of net earnings to adjusted net earnings and average shareholders' equity to adjusted average equity is provided in the Appendix - Non-GAAP Financial Measures Reconciliations at the end of this release. (1) Supplemental Company Information | --- | --- | --- | --- | --- | --- | --- | |----------------------------------- ...

Ryder has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 16.71%. Let's see how things have shaped up for Ryder this earnings season. The Zacks Consensus Estimate for Ryder's second-quarter 2024 revenues is pegged at $3.25 billion, indicating 12.69% growth year over year. The top line is likely to have been aided by revenue growth in all business segments. The Zacks Consensus Estima ...

Zacks Consensus Estimate The consensus EPS estimate for the quarter has been revised 6.1% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising t ...

Founded in 1997, Pit Stop provides retail mobile commercial fleet maintenance, including battery, tire and transmission repairs, preventative maintenance, and breakdown assistance. How Will the Deal Benefit? The said acquisition is anticipated to add almost $24 million in gross revenues to Ryder's Torque by Ryder's business in 2025. The deal will also be accretive to Ryder's earnings. Torque by Ryder was launched in July 2023 and with the inclusion of Pit Stop, it is likely to operate a workforce of more th ...

The company entered into an agreement to acquire Pit Stop and expects to complete the transaction by Aug. 1, subject to customary closing conditions, Ryder said in a Monday (July 15) press release. Ryder's Torque by Ryder retail mobile maintenance offering was launched in the summer of 2023 and services commercial trucks, trailers, delivery vans, refrigerated vehicles, construction and utility vehicles, passenger and shuttle buses, and emergency response vehicles, according to the release. Ryder will fully ...

In a shareholder-friendly move, R's board of directors has approved a dividend hike of 14.1%, thereby raising its quarterly cash dividend to 81 cents per share ($3.24 annualized) from 71 cents ($2.84 annualized). The raised dividend will be paid out on Sep 20, 2024, to shareholders of record at the close of business on Aug 19. The move reflects R's intention to utilize free cash to enhance its shareholders' returns. Ryder has been consistently making efforts to reward its shareholders through dividends and ...