Ryder reports Q2 adjusted EPS $3.32, consensus $3.10

Reports Q2 revenue $3.2B, consensus $3.17B. “The Ryder (R) team delivered our third consecutive quarter of double-digit growth in earnings per share,” says Ryder Chairman and CEO Robert Sanchez. “Earnings in the second quarter were above our expectations driven by better supply chain performance, partially offset by additional used vehicle wholesale volumes. We remain on track to achieve expected benefits in 2025 from our lease pricing and multi-year maintenance cost-saving initiatives, acquisition synergies, and optimization of our omnichannel retail network. Our ability to generate ROE of 17% in the current environment continues to demonstrate consistent execution and the resilience of our transformed business model.”