Every material Form 8-K Ryder filed with the SEC in 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Ryder filing is on SEC EDGAR ↗. 8-K briefs of other companies →