Ryder System (R) Tops Q2 EPS by 34c
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Ryder Reports Second Quarter 2020 Results
July 29, 2020 7:55 AM EDTSecond Quarter 2020
Q2 total revenue of $1.9 billion, down 16%, and Q2 operating revenue (non-GAAP) of $1.6 billion, down 10% primarily reflecting COVID-19 impacts on commercial rental and automotive activity in supply chain Q2 GAAP EPS from continuing operations loss of $(1.41) versus a profit of $1.43 in prior year, reflecting the impacts of higher non-cash depreciation expense due to changes in residual value estimates and COVID-19 Q2 comparable EPS (non-GAAP) from continuing operations loss of $(0.95) versus a profit of $1.40 in prior yearBusiness Updates and Impacts of COVID-19
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