Ryder reports Q4 non-GAAP EPS $2.95, consensus $2.73

Reports Q4 revenue $3.0B, consensus $2.98B. “Ryder delivered strong results in the fourth quarter and throughout 2023 reflecting continued execution of our balanced growth strategy,” says Ryder Chairman and CEO Robert Sanchez. “While the freight environment remained challenging, the transformative actions we’ve taken to de-risk the model, enhance returns, and drive profitable growth have meaningfully improved business model resilience. Our ability to generate ROE of 19% against the backdrop of weakening market conditions in used vehicle sales and rental demonstrates the effectiveness of these changes.”