Brief: Ryder Reports Fourth Quarter 2022 Results And Provides 2023 Outlook

Ryder System

15/02/2023 13:49

Feb 15 (Reuters) - Ryder System Inc  R.N :
    * RYDER REPORTS FOURTH QUARTER 2022 RESULTS AND PROVIDES
2023
OUTLOOK
    * Q4 REVENUE $3.1 BILLION
    * Q4 GAAP EARNINGS PER SHARE $4.06
    * Q4 NON-GAAP EARNINGS PER SHARE $3.89
    * AUTHORIZES NEW 2-MILLION-SHARE DISCRETIONARY REPURCHASE
PROGRAM
    * SEES FULL YEAR 2023 OPERATING REVENUE (NON-GAAP) TO
INCREASE BY
APPROXIMATELY 4%
    * SEES FY 2023 COMPARABLE EPS -NON-GAAP FORECAST OF $11.05 -
$12.05
    * FY2023 EARNINGS PER SHARE VIEW $10.91 -- REFINITIV IBES
DATA
    * Q4 EARNINGS PER SHARE VIEW $3.50, REVENUE VIEW $3.01
BILLION --
REFINITIV IBES DATA
    * RYDER SYSTEM- IN 2023, EXPECT STRONG BUT REDUCED EARNINGS
AS
SLOWING MACROECONOMIC, FREIGHT ENVIRONMENT DRIVE LOWER RESULTS
IN USED VEHICLE SALES, RENTAL
    * SEES FY23 GAAP EPS $6.44 - $7.44

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