Overview
- Non-GAAP EPS came in at $3.57, edging past estimates, while revenue was $3.171 billion, essentially flat year over year and below expectations.
- Dedicated Transportation Solutions revenue fell 10% to $570 million as fleets were reduced in a soft freight market, with EBT steady at $36 million.
- Supply Chain Solutions delivered 5% revenue growth to $1.38 billion but saw EBT decline 8% to $86 million.
- Fleet Management Solutions held revenue roughly steady as segment EBT rose 11% to $146 million, with used-vehicle pricing weaker than last year.
- Ryder narrowed full-year adjusted EPS guidance to $12.85–$13.05 and guided Q4 EPS to $3.50–$3.70, announced buybacks for up to 3.5 million shares, and saw the stock drop about 9% intraday.