Ryder Reports First Quarter 2023 Results

Balanced Growth Strategy Delivers Strong Results in Weaker Freight Environment First-Quarter 2023 Highlights GAAP EPS from continuing operations of $2.95 compared to $3.35 in prior year Comparable EPS (non-GAAP) from continuing operations of $2.81 down from $3.59 in prior year; strong but lower results in Fleet Management Solutions (FMS), as expected, and a Supply Chain Solutions (SCS) asset impairment partially offset by lower share count and better results in Dedicated Transportation Solutions (DTS) Total revenue of $3.0 billion and operating revenue (non-GAAP) of $2.3 billion, up 3% and 6%, respectively, primarily reflecting SCS revenue growth Full-Year 2023 Forecast Increased low end of comparable EPS (non-GAAP) forecast to $11.30 - $12.05 from prior forecast of $11.05 - $12.05

https://newsroom.ryder.com/news/news-details/2023/Ryder-Reports-First-Quarter-2023-Results/default.aspx

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