Latest news with #RyderSystem
Yahoo
5 days ago
- Business
- Yahoo
Ryder System Second Quarter 2025 Earnings: EPS Beats Expectations
Ryder System (NYSE:R) Second Quarter 2025 Results Key Financial Results Revenue: US$3.19b (flat on 2Q 2024). Net income: US$132.0m (up 5.6% from 2Q 2024). Profit margin: 4.1% (up from 3.9% in 2Q 2024). EPS: US$3.16 (up from US$2.87 in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Ryder System EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.6%. Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Transportation industry in the US. Performance of the American Transportation industry. The company's shares are up 7.5% from a week ago. Risk Analysis Before we wrap up, we've discovered 2 warning signs for Ryder System (1 shouldn't be ignored!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
Ryder's used vehicle numbers show a bullish corner: tractor sales
Used vehicle prices have always played a significant role at profitability for Ryder System as well as providing guidance on where the broader market stands. The company's second quarter earnings report was no different. With Ryder (NYSE: R) taking a conservative outlook in making its outlook for the remainder of the year–its forecast is earnings per share of $12.85 – $13.30, down from an earlier projection of $12.85 – $13.60–used vehicle pricing's fortunes aren't seen as being that much different: stability with some hope for an increase. The one positive number the company provided in its earnings report was that Ryder's used tractor pricing rose 3% sequentially from the first quarter, even as Ryder's used truck prices overall fell 10% compared to the first three months of the year. The year-on-year comparison was weaker, with average sales prices of both tractors and trucks declining 17% from the corresponding quarter of 2024. In the question and answer session with analysts, Ryder CEO Robert Sanchez specifically highlighted the sequential increase in tractor pricing. He noted that the 3% sequential increase in tractor pricing includes a one-time shift to more sales through wholesale channels. If retail sales only were measured, he said, the gain was 10%. 'So we would expect that trend to continue,' Sanchez said. 'We're very encouraged by what we're seeing in the used tractor market.' Thomas Havens, the president of Fleet Management Solutions at Ryder, which does the buying and selling of vehicles at the company, said tractors with sleeper berths are 'where you're seeing the most price uplift in used vehicle sales.' He also said the company's inventory of used sleeper tractors for sale is 'relatively low.' 'And that's what's driving the pricing,' he said. 'I think it's an indication that you're getting closer to equilibrium, at least on that class.' Wholesale vs. retail In her prepared remarks to the company's conference call with analysts, Cristina Gallo-Aquino, the company's CFO, said the results of Ryder's used vehicle sales in the quarter were 'negatively impacted' by its decision to move a lot of its inventory out the door through wholesale channels, which historically brings in less revenue per vehicle than selling through retail outlets. But it was a one-time development, she added. 'We do not plan on executing this level of wholesale trades going forward,' she said. Ryder's used vehicle sales through retail outlets were about 50% of volume in the quarter, Gallo-Aquino said. A year earlier, that number was 65%, she added. That leaves the rest of the year, which Gallo-Aquino said Ryder expects to not have 'any significant change to market conditions.' The company's sales levels are expected to be in line with the first quarter for the remainder of the year. Ryder sold 5,100 used vehicles in the first quarter, rising to 6,200 in the second quarter when the wholesale sales channels were heavily utilized. Two other key metrics for Ryder's used vehicle inventory are its inventory levels and realized prices versus residual values that are baked into the company's asset valuation. Gallo-Aquino said at 9,600, the company's inventory of used vehicles 'was slightly above our targeted inventory range.' The prices it is obtaining in its sales are above residual values, she added. Ryder also is a buyer of vehicles. Sanchez said trucks at Ryder are about 60% of its rental fleet, and the company has been investing in those vehicles. He was more cautious about Ryder's planned purchase of tractors, saying the company '(expects) that we would invest in some tractors in the rental fleet probably in 2026, but we'll wait to see as the market improves before we do that and grow that tractor fleet again.' On a separate issue, Ryder president and COO John Diez reviewed several data points on the call about the company's balance sheet, including higher cash flow generation and a concurrent deleveraging that he said is 'creating incremental debt capacity.' The result of those changes, he said, would be about $3.5 billion of new debt capacity, which results in about $14 billion 'available for capital deployment.' About $9 billion of that will be for equipment replacement and dividends, which leaves about $5 billion that in part could be used for 'strategic acquisitions and investments.' That brought a question from Ravi Shanker of Morgan Stanley, who said it was 'great to see the dry powder on the balance sheet here.' Sanchez in response said the company was 'always looking for acquisition opportunities.' What it would buy He elaborated later on Ryder's acquisition strategy. 'I want to buy companies that are well run,' he said. 'We're not looking for turnaround situations, and we want to buy companies that are certainly within our core businesses. So we're in the market always.' Ryder's two most recent acquisitions, both mentioned by Sanchez on the call, were of Cardinal Logistics, which led to a major growth in the company's Dedicated division, and IFS, which slotted into its contract logistics Supply Chain Services segment. Coming back to Shanker's description of the balance sheet, Sanchez said of acquisitions: 'We've got plenty of dry powder now to do it, and we're going to continue to look until we find the right ones.' More articles by John Kingston Yet another broker liability case, this time in the Fifth Circuit, adds to the growing mix Supply chain software provider Manhattan Associates soars after strong revenue growth Five takeaways from the State of Freight for July: What earnings and the indices are saying about the market The post Ryder's used vehicle numbers show a bullish corner: tractor sales appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
12-07-2025
- Business
- Yahoo
Wolfe Research Upgrades Ryder System (R) Stock Outperform
Ryder System, Inc. (NYSE:R) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Wolfe Research upgraded the company's stock from 'Peerperform' to 'Outperform.' The firm highlighted Ryder System, Inc. (NYSE:R)'s unique position in the trucking coverage, mentioning that the company demonstrates modest EPS upside potential as compared to consensus estimates. The company's Q1 2025 was the second consecutive quarter with YoY earnings growth, aided by the strength of contractual businesses. A busy logistics center filled with trucks and planes, showing the scale of the companies operations. Ryder System, Inc. (NYSE:R) is on track to achieve the expected benefits in 2025 stemming from the strategic initiatives. The benefits consist of its lease pricing initiative, savings from the multi-year maintenance initiative, realization of acquisition synergies, and optimization of its omnichannel retail network. Furthermore, Ryder System, Inc. (NYSE:R)'s capability to generate ROE of 17% in the current environment highlights the consistent execution and resilience of its transformed business model, according to the company's top management. In Q1 2025, Ryder System, Inc. (NYSE:R)'s net cash provided by operating activities from continuing operations came in at $651 million as compared to $526 million in 2024. This mainly demonstrates reduced working capital needs. Furthermore, the FCF (non-GAAP) of $259 million, as compared to $13 million in 2024, primarily reflects reduced capital expenditures. Ryder System, Inc. (NYSE:R) operates as a logistics and transportation company. While we acknowledge the potential of R as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Wire
26-06-2025
- Business
- Business Wire
Ryder to Release Second Quarter 2025 Earnings on July 24, 2025
MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R) expects to issue its second quarter 2025 results at approximately 7:00 a.m. Eastern Time on Thursday, July 24, 2025. The company will also host a conference call at 11 a.m. Eastern Time on the same day. The call will be webcast live and a replay will be available. Details for the call include: The earnings presentation, related materials and webcast replay can be accessed on Ryder's investor website at About Ryder System, Inc. Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract packaging and manufacturing, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, cross-border solutions, full-service fleet leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world's most-recognized brands. Ryder provides services to businesses across more than 20 industries throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 250,000 commercial vehicles, services fleets at approximately 760 maintenance locations, and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices; technology-driven innovations; environmental management; safety, health and security programs; and recruitment and hiring initiatives. Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are 'forward-looking statements' within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. ryder-financial
Associated Press
26-06-2025
- Business
- Associated Press
Ryder to Release Second Quarter 2025 Earnings on July 24, 2025
MIAMI--(BUSINESS WIRE)--Jun 26, 2025-- Ryder System, Inc. (NYSE: R) expects to issue its second quarter 2025 results at approximately 7:00 a.m. Eastern Time on Thursday, July 24, 2025. The company will also host a conference call at 11 a.m. Eastern Time on the same day. The call will be webcast live and a replay will be available. Details for the call include: The earnings presentation, related materials and webcast replay can be accessed on Ryder's investor website at About Ryder System, Inc. Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract packaging and manufacturing, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, cross-border solutions, full-service fleet leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world's most-recognized brands. Ryder provides services to businesses across more than 20 industries throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 250,000 commercial vehicles, services fleets at approximately 760 maintenance locations, and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices; technology-driven innovations; environmental management; safety, health and security programs; and recruitment and hiring initiatives. Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are 'forward-looking statements' within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. ryder-financial View source version on CONTACT: For Information Contact: Media Amy Federman [email protected] Relations Calene Candela [email protected] KEYWORD: UNITED STATES NORTH AMERICA FLORIDA INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING AUTOMOTIVE MANUFACTURING TRUCKING DELIVERY SERVICES TRANSPORT OTHER AUTOMOTIVE GENERAL AUTOMOTIVE RETAIL LOGISTICS/SUPPLY CHAIN MANAGEMENT FLEET MANAGEMENT SOURCE: Ryder System, Inc. Copyright Business Wire 2025. PUB: 06/26/2025 06:55 AM/DISC: 06/26/2025 06:55 AM
