Ryder sees 2024 non-GAAP EPS $11.90-$12.10, consensus $12.13

“Our transformed business model has delivered solid results through this extended freight recession,” says CFO John Diez. “Year-over-year earnings comparisons continue to improve, and we now expect earnings growth in the fourth quarter driven by our high-performing contractual portfolio. Our current forecast does not contemplate a recovery in freight conditions this year. We remain confident that ongoing execution of our balanced growth strategy will further enhance returns and that all segments, particularly FMS, are well positioned to benefit from the expected cycle upturn.”