Ryder Reports Second Quarter 2020 Results
Second Quarter 2020 Q2 total revenue of $1.9 billion, down 16%, and Q2 operating revenue (non-GAAP) of $1.6 billion, down 10% primarily reflecting COVID-19 impacts on commercial rental and automotive activity in supply chain Q2 GAAP EPS from continuing operations loss of $(1.41) versus a profit of $1.43 in prior year, reflecting the impacts of higher non-cash depreciation expense due to changes in residual value estimates and COVID-19 Q2 comparable EPS (non-GAAP) from continuing operations loss of $(0.95) versus a profit of $1.40 in prior year Business Updates and Impacts of COVID-19 Anticipate operating cash flow of $1.8 billion to $2.0 billion in 2020 Expect free cash flow of $1.0 billion to $1.2 billion including capital expenditures of $1.0 billion to $1.3 billion in 2020 Additional
https://newsroom.ryder.com/news/news-details/2020/Ryder-Reports-Second-Quarter-2020-Results/default.aspx
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