Brief: Ryder System Inc Posts Q3 Non-GAAP EPS Of $4.45

Ryder System

26/10/2022 14:05

Oct 26 (Reuters) - Ryder System Inc  R.N :
    * RYDER REPORTS THIRD QUARTER 2022 RESULTS
    * Q3 REVENUE $3.0 BILLION
    * Q3 NON-GAAP EARNINGS PER SHARE $4.45
    * Q3 GAAP EARNINGS PER SHARE $4.82
    * INCREASED FY GAAP EPS FORECAST TO $16.40 - $16.60 FROM
$14.45 -
$14.95
    * INCREASED 2022 FORECAST FOR COMPARABLE EPS (NON-GAAP)
FORECAST
TO $15.65 - $15.85 FROM $14.30 - $14.80
    * ADJUSTED ROE (ROE) FORECAST FOR FY INCREASED TO 26% - 27%
FROM
25% - 26%
    * SEES FY NET CASH PROVIDED BY OPERATING ACTIVITIES FROM
CONTINUING OPERATIONS FORECAST OF $2.3 BILLION
    * SEES 2022 TOTAL REVENUE GROWTH ABOUT 23%
    * Q3 EARNINGS PER SHARE VIEW $3.65, REVENUE VIEW $2.99
BILLION --
REFINITIV IBES DATA
    * SEES FY FREE CASH FLOW (NON-GAAP) FORECAST OF $800 MILLION
-
$900 MILLION, UP FROM $750 - $850 MILLION

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