Ryder Q4 comparable EPS falls to $2.95 from $3.89; 2024 outlook $11.50-$12.50
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 14, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.