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AI brief of an SEC Form 8-K · Ryder (R)

Ryder Q1 profit falls as comparable EPS drops to $2.14; raises low end of 2024 forecast

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyRyder (R)
Form8-K, current report
Filed with the SECApr 23, 2024, 6:55 AM ET
Accession number0000085961-24-000075

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits 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 April 23, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.