Ryder System delivered its third consecutive quarter of double-digit earnings per share growth, with executives saying this signals results of the transportation and logistics giant’s transformation strategy amid a prolonged freight market downturn.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and ...

Investor Overview April 2025 Safe Harbor and Non-GAAP Financial Measures Note Regarding Forward-Looking Statements: 1 Certain statements and information included in this presentation are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995, including: our forecast; our outlook; our expectations regarding market trends and economic environment, such as rental demand, economic growth, challenging freight environment, weakening used vehicle sales and rental; our expec ...

Financial Data and Key Metrics Changes - The company's reported revenue for Q1 was $915 million, an 8% decrease compared to the previous year, consistent with Q4 revenue [13] - Operating income margin increased by 40 basis points year over year to 4.1% [17] - EBITDA for the first quarter was $85 million, with earnings per share (EPS) of $0.44, unchanged from Q1 2024 [18] Business Line Data and Key Metrics Changes - ITS revenue was $530 million, down 4% from $552 million in the prior year, despite an 8% increase in intermodal volumes [14] - Logistics segment revenue decreased to $411 million from $480 million due to lower brokerage volume and revenue per load [14] - Brokerage volume declined by 9% year over year, with a 10% decrease in revenue per load primarily driven by lower fuel prices [11] Market Data and Key Metrics Changes - Intermodal volumes increased by 8% year over year, with local East volumes up 13% and local West up 5% [8] - The company anticipates a near-term impact on import volumes to the West Coast, but the magnitude remains uncertain [6] - Approximately 25% of the company's West Coast volume is port-related, with 30% of that coming from China [28] Company Strategy and Development Direction - The company is focused on profitable growth across all segments, leveraging service quality and cost reductions [6] - A $40 million cost reduction program has been implemented to enhance operational efficiency [7] - The company is exploring strategic acquisition opportunities while maintaining a strong balance sheet [7] Management's Comments on Operating Environment and Future Outlook - Management expects a drop in import demand in the second half of Q2, with varying impacts based on customer strategies [40] - The guidance for full-year EPS is projected to be between $1.75 and $2.25, with revenue expected between $3.6 billion and $4 billion [20] - The company is monitoring customer shipping patterns closely and anticipates a return to normal seasonal operating income patterns in the latter half of the year [22] Other Important Information - The company returned $21 million to shareholders through dividends and stock repurchases in the quarter [19] - Net debt was reported at $140 million, which is 0.4x EBITDA, below the target range of 0.75x to 1.25x [19] - The company has seen a 1,100 basis point improvement in warehouse utilization year over year due to operational efficiency enhancements [11] Q&A Session Summary Question: What percentage of intermodal is tied to West Coast ports? - Approximately 25% of the West Coast volume is port-related, with 30% of that from China [28] Question: Can you provide monthly trends for intermodal volumes? - January was up 18%, February up 1%, March up 7%, and April up 6% [28] Question: How have conversations with large customers evolved? - There is anticipation of a drop in import demand, but many customers have diversified their supply chains [40] Question: What is the outlook for intermodal pricing? - Pricing is expected to be flat for the full year, with competitive bidding observed [33] Question: What is the current headcount situation? - Headcount was down 7%, with ongoing cost control measures in place [53] Question: What are the expectations for capital expenditures? - Capital expenditures are projected to be between $40 million and $50 million, focusing on tractor replacements and technology projects [20]