Ryder System (R) Tops Q3 EPS by 48c
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Ryder Reports Third Quarter 2021 Results
October 27, 2021 7:55 AM EDTThird Quarter 2021
GAAP EPS from continuing operations of $2.58 versus $0.85 in prior year, reflecting significantly improved results in fleet management solutions Comparable EPS (non-GAAP) from continuing operations of $2.55 versus $1.21 in prior year Total revenue of $2.5 billion and operating revenue (non-GAAP) of $2.0 billion up 14% and 11%, respectively, reflecting revenue growth across all business segmentsFull-Year 2021 Forecast
Increased GAAP EPS forecast to $8.60 - $8.70 from $7.40 - $7.70 Increased comparable EPS (non-GAAP) forecast to $8.40 - $8.50 from $7.20 - $7.50 Expect to achieve adjusted ROE (ROE) of 18% - 19% Maintained cash flow from operating... More