Ryder reports Q1 adjusted EPS $2.46, consensus $2.39

Reports Q1 revenue $3.13B, consensus $3.14B. “I’m proud of the Ryder (R) team for delivering double-digit earnings growth in the first quarter,” says Ryder Chairman and CEO Robert Sanchez. “This marks the second consecutive quarter with year-over-year earnings growth driven by the strength of our contractual businesses. We remain on track to achieve expected benefits in 2025 from strategic initiatives that are well underway. These benefits include our lease pricing initiative, savings from our multi-year maintenance initiative, realization of 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.”