Ryder(US:R) ZACKS·2025-10-27 19:15Core Insights - Ryder System, Inc. reported mixed third-quarter 2025 results with earnings surpassing estimates while revenues fell short [1][9] - Quarterly earnings per share were $3.57, exceeding the Zacks Consensus Estimate by a penny and reflecting a 3.7% year-over-year increase [1][9] - Total revenues reached $3.17 billion, slightly missing the Zacks Consensus Estimate of $3.22 billion, with a marginal year-over-year growth of 0.1% [2][9] Financial Performance - Operating revenues (adjusted) were $2.61 billion, up 1% year over year, driven by growth in Supply Chain Solutions and Fleet Management Solutions [2] - Fleet Management Solutions reported total revenues of $1.46 billion, down 0.3% year over year, while Supply Chain Solutions saw revenues of $1.38 billion, up 5% year over year [4] - Dedicated Transportation Solutions experienced a decline in total revenues to $570 million, down 10% year over year, due to decreased subcontracted transportation costs [5] Management Commentary - Ryder's CEO, Robert Sanchez, highlighted the company's fourth consecutive quarter of earnings-per-share growth, attributing it to resilient contractual businesses and strategic initiatives [3] - The company is on track for earnings growth in 2025, supported by lease pricing benefits, maintenance cost-saving initiatives, and acquisition synergies [3] Liquidity and Outlook - Ryder ended the third quarter with cash and cash equivalents of $189 million, an increase from $180 million in the previous quarter, while total debt rose to $7.85 billion [6] - For the fourth quarter of 2025, adjusted EPS is expected in the range of $3.50-$3.70, with the full-year adjusted EPS guidance narrowed to $12.85-$13.05 [7][9] - Total revenues are anticipated to increase by nearly 1%, with adjusted operating revenues also expected to rise by 1% [7] Capital Expenditure and Cash Flow - Capital expenditure is estimated at $2.3 billion, with adjusted free cash flow projected to be between $900 million and $1.00 billion [8][10]