Ryder System (NYSE:R) Q3 2025 Earnings Call October 23, 2025 11:00 AM ET Speaker0Good morning, and welcome to the Ryder System Third Quarter twenty twenty five Earnings Release Conference Call. All lines are in a listen only mode until after the presentation. Today's call is being recorded. If you have any objections, please disconnect at this time. I would now like to introduce Ms.Kayleen Candela, Vice President, Investor Relations for Ryder. Ms. Candela, you may begin.Speaker1Thank you. Good morning, and ...

Ryder System (NYSE:R) Q3 2025 Earnings Call October 23, 2025 11:00 AM ET Speaker4Morning and welcome to the Ryder System third quarter 2025 earnings release conference call. All lines are in a listen-only mode until after the presentation. Today's call is being recorded. If you have any objections, please disconnect at this time. I would now like to introduce Ms. Calene F. Candela, Vice President Investor Relations for Ryder. Ms. Candela, you may begin.Speaker3Thank you. Good morning and welcome to Ryder Sy ...

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 ...

Autofleet's fleet management platform will empower inDrive's fleet partners to manage drivers and assets centrally, offering comprehensive intelligence, detailed reports, and in-depth analytics for efficient operations. This partnership will enable inDrive to scale its fleet strategy through better visibility and control, automation of core workflows, and an optimized fleet experience. TORONTO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the large ...

Velocitor Solutions is making a bold statement in the fleet management space with its full acquisition of NextBillion.ai, a move that promises to redefine how enterprise fleets navigate the complexities of routing and logistics. While specific deal terms remain confidential, both organizations are focused on ensuring that innovation and customer needs remain central to funding decisions. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best a ...

Group 1 - Karooooo Ltd. (NASDAQ: KARO) is a leader in fleet management in South Africa, characterized by strong subscription revenue and industry-leading margins [1] - The company's operating profit has more than doubled since 2019, driven by scale and a high fixed-cost base [1]

TORONTO, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Heath Valkenburg, Executive Vice President and Chief Financial Officer of Element Fleet Management (TSX: EFN), will participate in a fireside chat as part of the CIBC Eastern Institutional Investor Conference in Montreal on September 25, 2025 at 9:10 a.m. ET. Mr. Valkenburg's presentation will be broadcast live via webcast at: https://cibcvirtual.com/Eastern2025PS. A recording of the presentation will be available at the conclusion of the conference. About Element ...

Motive Technologies, a driver safety and fleet management startup using AI technology, has hired banks led by JPMorgan Chase to push ahead with an initial public offering, a source says https://t.co/vMhQu4u3N9 ...

TORONTO and BOSTON, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. ("Element") (TSX: EFN), the largest publicly traded, pure-play automotive fleet manager in the world, and Motus, the leader in reimbursement, risk and productivity solutions for companies whose employees drive their own cars for work, today announced a strategic partnership to offer clients in the United States and Canada a comprehensive, flexible, and cost-efficient mobility strategy. The joint offering is designed to meet ...

Financial Data and Key Metrics Changes - Ryder reported operating revenue of $2.6 billion for Q2 2025, an increase of 2% from the prior year, primarily driven by contractual revenue growth in Supply Chain Solutions (SCS) and Fleet Management Solutions (FMS) [13] - Comparable earnings per share from continuing operations were $3.32, up 11% from $3 in the prior year, reflecting higher contractual earnings and share repurchases [13] - Return on equity (ROE) was 17%, up from the prior year, primarily due to higher contractual earnings [14] - Year-to-date free cash flow increased to $461 million from $71 million in the prior year, reflecting lower working capital needs and reduced capital expenditures [14] Business Line Data and Key Metrics Changes - **Fleet Management Solutions (FMS)**: Operating revenue increased by 1%, driven by ChoiceLease revenue, which was up 2%. However, pretax earnings decreased to $126 million due to weaker freight market conditions [15] - **Supply Chain Solutions (SCS)**: Operating revenue increased by 3%, with earnings up 16% from the prior year, reflecting new business and improved performance from initiatives to optimize the omnichannel retail network [21] - **Dedicated Transportation Solutions (DTS)**: Operating revenue decreased by 3% due to lower fleet count, but earnings before tax (EBT) increased by 1% year-over-year, reflecting acquisition synergies [22] Market Data and Key Metrics Changes - The U.S. market remains a significant focus, generating 93% of Ryder's revenue, with expectations of benefiting from increased industrial manufacturing [6] - Used vehicle sales results were negatively impacted by increased wholesale volumes, with used tractor and truck pricing declining by 17% year-over-year [18] - Rental utilization on the power fleet was 70%, up from 69% in the prior year, although still below the target range [16] Company Strategy and Development Direction - Ryder's balanced growth strategy aims to derisk the business, increase return profiles, and accelerate growth in asset-light supply chain and dedicated businesses [4] - The company expects to continue leveraging its transformed business model to outperform prior cycles, with a focus on organic growth, strategic acquisitions, and innovative technology [11] - Ryder announced a 12% annualized increase to its quarterly dividend, reflecting higher profitability and improved returns [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the transformed business model, expecting to generate higher earnings and returns even in a freight cycle downturn [7] - The company anticipates a more muted recovery in used vehicle sales and ongoing challenges in the rental market due to economic uncertainty [29] - Management remains optimistic about robust sales and pipeline activity in SCS, despite near-term headwinds in lease and dedicated businesses [29] Other Important Information - Ryder increased its 2025 forecast for free cash flow to a range of $900 million to $1 billion, reflecting lower expected capital spending and the reinstatement of tax bonus depreciation [10] - The company has repurchased approximately 21% of its shares outstanding since 2021 and increased the quarterly dividend by 57% [9] Q&A Session Summary Question: Confidence in deploying dry powder on the balance sheet - Management feels confident about deploying capital for share repurchase programs and acquisitions, with plans to invest organically as the freight market improves [40][41] Question: Used vehicle pricing expectations - Management expects a steady increase in tractor pricing, with retail pricing up 10%, although the overall increase may be more muted than initially expected [43][44] Question: Reasons for losses on sales in Q2 and recovery in Q3 - Losses were driven by increased wholesaling of aged inventory, which is not expected to continue at the same level, allowing for a return to gains in Q3 [47][48] Question: Impact of OEM delays on capital expenditures - Management anticipates that OEM delays will reverse in 2026, leading to increased capital spending as the freight market stabilizes [62][64] Question: Maintenance growth outlook - Management is focusing on mobile maintenance initiatives and retail maintenance offerings, which are expected to grow despite historical stagnation [96][99]