Every material Form 8-K Ryder has filed with the SEC since February 14, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ryder reported third-quarter 2026 results with GAAP diluted EPS from continuing operations of $4.16, up 25% from $3.33 a year earlier, and total revenue of $3.4 billion, up 8%. The company raised its full-year 2026 comparable EPS forecast to $14.85-$15.05, but its GAAP EPS forecast includes about $4.30 per share of non-cash pension settlement charges.
Q3 2026 comparable EPS from continuing operations was $4.33, up 21% from $3.57 in Q3 2025.
Full-year 2026 comparable EPS range raised to $14.85-$15.05; full-year GAAP EPS forecast is $9.75-$9.95.
Fourth-quarter 2026 GAAP EPS forecast is $(0.15) to $0.05, including about $4.30 in non-cash pension settlement charges tied to U.K. and Canadian plans.
Free cash flow (non-GAAP) for the first nine months was $992 million, compared with $496 million a year earlier.
Ryder reported second-quarter 2026 results for the three months ended June 30, with GAAP earnings per share from continuing operations of $3.40, up 8% from $3.15 a year earlier, and comparable EPS of $3.73, up 12%. The company raised its full-year 2026 comparable EPS range to $14.40-$14.80, which matters to shareholders because it points to higher expected earnings, though GAAP EPS guidance of $13.50-$13.90 was not stated as changed and segment earnings in supply chain and dedicated transportation declined.
Total revenue rose 5% to $3.3 billion, and operating revenue (non-GAAP) rose 3% to $2.7 billion.
Full-year 2026 comparable EPS (non-GAAP) range raised to $14.40-$14.80; free cash flow guidance of $700 million-$800 million was unchanged.
Supply Chain Solutions pre-tax earnings fell 7% to $92 million, and Dedicated Transportation Solutions fell 4% to $36 million; Fleet Management Solutions rose 20% to $150 million.
Q2 included a $10 million non-cash impairment charge on an acquired customer relationship intangible asset.
Ryder reported first-quarter 2026 results with GAAP diluted EPS from continuing operations of $2.34, up from $2.29, and comparable EPS of $2.54, up from $2.46, on total revenue of $3.1 billion, flat year over year. The company raised its full-year 2026 comparable EPS forecast to $14.05 to $14.80, which matters to shareholders because it signals a higher earnings outlook, while pre-tax earnings fell to $118 million from $134 million.
Q1 2026 GAAP EPS from continuing operations was $2.34 versus $2.29; comparable EPS was $2.54 versus $2.46.
Total revenue was $3.1 billion, consistent with the prior year; earnings before income taxes were $118 million versus $134 million.
Full-year 2026 comparable EPS forecast is $14.05 to $14.80; GAAP EPS forecast is $13.15 to $13.90.
Q1 free cash flow (non-GAAP) was $273 million versus $259 million, while net cash from operating activities was $583 million versus $651 million.
Ryder reported fourth-quarter 2025 GAAP earnings per share from continuing operations of $3.25, up from $3.11 a year earlier, on total revenue of $3.2 billion, flat year over year. The company also gave 2026 guidance, forecasting comparable EPS of $13.45 to $14.45 against $12.92 reported for full-year 2025, which it says reflects another year of earnings growth.
Q4 2025 GAAP EPS from continuing operations was $3.25 versus $3.11; comparable EPS was $3.59 versus $3.45.
Q4 total revenue was $3,175 million versus $3,189 million; operating revenue (non-GAAP) was $2,628 million versus $2,617 million.
Full-year 2026 outlook: GAAP EPS of $12.80 to $13.80, comparable EPS of $13.45 to $14.45, and free cash flow of $700 million to $800 million.
Q1 2026 comparable EPS is expected at $2.10 to $2.35, and management said Q1 will face the most difficult year-over-year comparisons.
Ryder System director E. Follin Smith informed the board on January 23, 2026 that she will retire effective February 13, 2026. The company says the departure is not due to any disagreement on operations, policies, or practices and is part of ongoing board succession planning.
Director E. Follin Smith to retire on February 13, 2026
Board says retirement is not due to any disagreement with the company
Part of director succession planning by the board and its Corporate Governance and Nominating Committee
Ryder System director Abbie Smith informed the board on December 18, 2025 that she will retire and not stand for reelection at the 2026 Annual Meeting of Shareholders, and the filing says her retirement is not due to any disagreement with the company. The board appointed Tammy Romo, a former Southwest Airlines CFO, as a director effective January 5, 2026, and she will serve on the Audit and Finance Committees, which is a board change rather than a financial disclosure.
Abbie Smith will retire and not stand for reelection at the 2026 Annual Meeting; the filing states no disagreement with the company.
Tammy Romo, 63, joins the board effective January 5, 2026, and is expected to stand for election at the Annual Meeting.
Romo retired as executive vice president and CFO of Southwest Airlines on April 1, 2025, and has been an independent director of Tenet Healthcare since 2015.
Romo will serve on the Audit and Finance Committees and receive standard non-employee director compensation; the filing contains no financial results.
Ryder System's chairman and chief executive, Robert E. Sanchez, will retire as CEO effective March 31, 2026, and become executive chair. President and COO John J. Diez will succeed him as CEO and join the board on the same date, as part of a succession plan approved by the board.
Robert E. Sanchez, 60, retires as CEO on March 31, 2026 and becomes executive chair, with an annual salary of $800,000.
John J. Diez, 54, will become CEO and a director effective March 31, 2026; his salary rises to $950,000 and his target bonus to 150% of salary.
Diez's long-term incentive target value is set at $6,250,000, granted February 6, 2026; Sanchez's is $4,700,000.
Sanchez will receive no severance in connection with his retirement as CEO.
Ryder reported third-quarter 2025 results for the three months ended September 30, with GAAP EPS from continuing operations of $3.33, up 2% from $3.25, and comparable EPS of $3.57, up 4% from $3.44. Total revenue was flat at $3.2 billion, while operating revenue rose 1% to $2.6 billion, and the company reaffirmed a full-year 2025 comparable EPS range of $12.85 to $13.05 and gave a fourth-quarter comparable EPS range of $3.50 to $3.70.
Q3 2025 GAAP EPS from continuing operations was $3.33, up 2%; comparable EPS was $3.57, up 4%
Total revenue was $3,171 million versus $3,168 million a year earlier; operating revenue (non-GAAP) was $2,611 million, up 1%
Ryder reported second-quarter 2025 results for the period ended June 30, 2025. GAAP EPS from continuing operations rose 11% to $3.15, and comparable EPS rose 11% to $3.32, while total revenue was flat at $3.2 billion. The company increased its 2025 free cash flow forecast by $500 million to $900 million to $1 billion and kept a 2025 comparable EPS range of $12.85 to $13.30.
GAAP EPS from continuing operations was $3.15 versus $2.83 a year earlier; comparable EPS was $3.32 versus $3.00.
Total revenue was $3,189 million versus $3,182 million; operating revenue (non-GAAP) rose 2% to $2,610 million.
2025 free cash flow (non-GAAP) forecast is $900 million to $1 billion, up $500 million; 2025 comparable EPS forecast is $12.85 to $13.30.
Fleet Management Solutions earnings before taxes fell 6% to $126 million, offset by a 16% rise in Supply Chain Solutions to $99 million.
Ryder reported first-quarter 2025 results for the three months ended March 31, 2025. GAAP earnings per share from continuing operations rose 21% to $2.29, and comparable EPS rose 15% to $2.46, while total revenue grew 1% to $3.1 billion. The company also revised its full-year 2025 forecast, now calling for comparable EPS of $12.85 to $13.60, though the filing does not state the prior range.
Q1 2025 GAAP EPS from continuing operations was $2.29, versus $1.89 a year earlier; comparable EPS was $2.46, versus $2.14
Total revenue was $3.1 billion, up 1%; operating revenue was $2.6 billion, up 2%
Full-year 2025 guidance: comparable EPS $12.85 to $13.60, GAAP EPS $12.15 to $12.90, free cash flow $375 million to $475 million
Q1 free cash flow was $259 million versus $13 million a year earlier; Fleet Management Solutions earnings before tax fell 6% to $94 million
Ryder reported fourth-quarter 2024 results for the three months ended December 31, 2024. Fourth-quarter GAAP diluted EPS from continuing operations was $3.11, up from $2.74, and comparable EPS was $3.45, up from $2.95, with total revenue of $3.2 billion, up 5%. The company also forecast 2025 comparable EPS of $13.00 to $14.00, compared with full-year 2024 comparable EPS of $12.00.
Q4 2024 GAAP EPS from continuing operations was $3.11 vs. $2.74; comparable EPS was $3.45 vs. $2.95.
Q4 2024 total revenue was $3.2 billion, up 5%; operating revenue (non-GAAP) was $2.6 billion, up 7%.
Full-year 2024 comparable EPS was $12.00, down from $12.95; full-year GAAP EPS was $11.06, up from $8.73.
Ryder System appointed John J. Diez, its current chief financial officer, as president and chief operating officer, and Cristina Gallo-Aquino, its senior vice president and controller, as executive vice president and chief financial officer, both effective January 1, 2025. The filing discloses new base salaries and target bonus levels for both executives, and it does not include any financial results or guidance.
Diez becomes president and chief operating officer on January 1, 2025, overseeing all three business segments and reporting to Chair and CEO Robert Sanchez.
Gallo-Aquino succeeds Diez as CFO effective January 1, 2025, and will also remain principal accounting officer.
Diez's annual salary rises to $800,000 with a 125% target bonus; Gallo-Aquino's rises to $650,000 with a 100% target bonus.
Diez has been CFO since May 2021 and has 22 years of company experience; Gallo-Aquino joined Ryder in 2004.
Ryder reported third-quarter 2024 results for the three months ended September 30, with total revenue up 8% to $3.2 billion while GAAP earnings per share from continuing operations fell to $3.25 from $3.44. The company reaffirmed its full-year 2024 comparable EPS forecast of $11.90 to $12.10, citing weaker rental and used vehicle markets that offset higher earnings in its contractual businesses. For shareholders, revenue growth came with lower per-share profit, and the full-year outlook was held rather than changed.
GAAP EPS from continuing operations was $3.25 versus $3.44 a year earlier; comparable EPS was $3.44 versus $3.58.
Total revenue was $3.2 billion versus $2.9 billion; operating revenue (non-GAAP) rose 9% to $2.6 billion, reflecting recent acquisitions.
Fleet Management Solutions earnings before tax fell 22% to $132 million on weaker rental demand and lower used vehicle gains.
Full-year 2024 comparable EPS of $11.90 to $12.10 was reaffirmed; fourth-quarter comparable EPS is forecast at $3.32 to $3.52.
Ryder reported second-quarter 2024 results for the three months ended June 30, with total revenue up to $3.2 billion from $2.9 billion and comparable EPS from continuing operations down to $3.00 from $3.61. GAAP EPS from continuing operations rose to $2.83 from a loss of $(0.39), a comparison that reflects a prior-year non-cash FMS U.K. business exit charge. The company kept its full-year 2024 comparable EPS forecast at $11.90 to $12.40.
Comparable EPS of $3.00 versus $3.61 a year earlier, reflecting weaker rental and used vehicle sales, partly offset by higher contractual lease, supply chain and dedicated results.
Total revenue of $3.2 billion versus $2.9 billion; operating revenue (non-GAAP) of $2.6 billion, up 10%, reflecting recent acquisitions.
Full-year 2024 GAAP EPS forecast of $11.15 to $11.65 and comparable EPS forecast of $11.90 to $12.40.
Third-quarter 2024 comparable EPS forecast of $3.30 to $3.50.
Ryder reported first-quarter 2024 results with total revenue of $3.1 billion, up from $3.0 billion a year earlier, but diluted GAAP EPS from continuing operations fell to $1.89 from $2.95 and comparable EPS fell to $2.14 from $2.81. The company raised the lower end of its full-year 2024 comparable EPS forecast to $11.75 to $12.50, which the filing says reflects first-quarter outperformance partly offset by a more modest rental upturn than expected.
Diluted GAAP EPS from continuing operations was $1.89 versus $2.95 in Q1 2023; comparable EPS was $2.14 versus $2.81.
Total revenue was $3.1 billion versus $3.0 billion; operating revenue (non-GAAP) rose 6% to $2.5 billion.
Full-year 2024 comparable EPS forecast is $11.75 to $12.50; second-quarter comparable EPS forecast is $2.75 to $2.95.
Fleet Management Solutions earnings before tax fell 45% to $100 million on lower used vehicle pricing and weaker rental demand.
Ryder reported fourth-quarter 2023 results with GAAP diluted EPS from continuing operations of $2.74, down from $4.06, and comparable EPS of $2.95, down from $3.89, as weaker used vehicle sales and rental conditions offset gains in Supply Chain Solutions. The company also gave 2024 comparable EPS guidance of $11.50 to $12.50, compared with $12.95 for full-year 2023.
Q4 2023 total revenue was $3.0 billion versus $3.1 billion a year earlier; operating revenue rose 2% to $2.4 billion.
Fleet Management Solutions EBT fell 48% to $134 million on lower used vehicle sales and rental results.
Full-year 2024 comparable EPS outlook is $11.50 to $12.50, versus $12.95 in 2023; Q1 2024 comparable EPS is expected at $1.55 to $1.80.
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