Earnings summaries and quarterly performance for RYDER SYSTEM.
Executive leadership at RYDER SYSTEM.
Robert E. Sanchez
Detailed
Chief Executive Officer
CEO
Cristina Gallo-Aquino
Detailed
Executive Vice President, Chief Financial Officer and Principal Accounting Officer
Francisco Lopez
Detailed
Executive Vice President and Chief Human Resources Officer
J. Steven Sensing
Detailed
President, Supply Chain Solutions and Dedicated Transportation Solutions
John J. Diez
Detailed
President and Chief Operating Officer
Karen M. Jones
Detailed
Executive Vice President and Chief Marketing Officer
Rajeev Ravindran
Detailed
Executive Vice President and Chief Information Officer
Robert D. Fatovic
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
Sanford J. Hodes
Detailed
Senior Vice President and Chief Procurement and Corporate Development Officer
Steve W. Martin
Detailed
Executive Vice President, Dedicated Transportation Solution
Thomas M. Havens
Detailed
President, Fleet Management Solutions
Board of directors at RYDER SYSTEM.
Abbie J. Smith
Detailed
Director
Charles M. Swoboda
Detailed
Director
David G. Nord
Detailed
Director
Dmitri L. Stockton
Detailed
Director
E. Follin Smith
Detailed
Director
Luis P. Nieto, Jr.
Detailed
Director
Michael F. Hilton
Detailed
Director
Robert A. Hagemann
Detailed
Director
Robert J. Eck
Detailed
Lead Independent Director
Tamara L. Lundgren
Detailed
Director
Research analysts who have asked questions during RYDER SYSTEM earnings calls.
Jeffrey Kauffman
Vertical Research Partners
5 questions for R
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Jordan Alliger
Goldman Sachs
5 questions for R
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Brian Ossenbeck
JPMorgan Chase & Co.
4 questions for R
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Harrison Bauer
Susquehanna
4 questions for R
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Scott Group
Wolfe Research
4 questions for R
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Christyne McGarvey
Morgan Stanley
3 questions for R
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Daniel Imbro
Stephens Inc.
3 questions for R
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David Zazula
Barclays
2 questions for R
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Ben Moore
Citigroup
1 question for R
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Ravi Shankar
Morgan Stanley
1 question for R
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Ravi Shanker
Morgan Stanley
1 question for R
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Reed Seay
Stephens Inc.
1 question for R
Also covers: KEX, KNX, LSTR +1 more
Recent press releases and 8-K filings for R.
Ryder Announces CEO Succession Plan
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CEO Change
Management Change
Executive Compensation
- Ryder System, Inc. announced that Chairman and CEO Robert E. Sanchez will retire on March 31, 2026, and will transition to the role of Executive Chair of the board of directors.
- John J. Diez, currently President and Chief Operating Officer, will succeed Sanchez as Chief Executive Officer, effective March 31, 2026, and will also join the company's board of directors.
- Effective March 31, 2026, Mr. Sanchez's compensation as Executive Chair will include an annual salary of $800,000, a target bonus opportunity of 125% of salary, and a target annual long-term incentive award of $4,700,000.
- Effective March 31, 2026, Mr. Diez's compensation as CEO will include an annual salary of $950,000, a target bonus opportunity of 150% of salary, and a target annual long-term equity incentive award of $6,250,000.
3 days ago
Ryder System Highlights Strategic Transformation and Future Growth Initiatives
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Guidance Update
New Projects/Investments
Demand Weakening
- Ryder's strategic transformation, initiated in 2018, has led to earnings doubling and Return on Equity (ROE) of 17-18% in the current freight market downturn, up from 13% in 2018. This involved de-risking, a $125 million pricing initiative, and $100 million in maintenance cost savings.
- The company targets $150 million in savings from strategic initiatives, with $100 million expected by the end of 2025 and the remaining $50 million in 2026. An additional $200 million upside is identified from a market upturn, mainly from rental and used vehicle pricing.
- Despite the freight market being in its fourth year of a downturn and currently stable without an inflection point, Ryder anticipates a rebound in used vehicle pricing towards the end of 2026 due to OEM production remaining below replacement levels and rising new vehicle costs.
- Ryder expects Supply Chain Solutions revenue growth to begin in Q2 and Q3 2026 from a strong sales pipeline. The company is also strategically investing in customer-centric technology and AI, including the acquisition of Baton for route optimization and applying AI in transportation management and brokerage.
Dec 4, 2025, 5:50 PM
Ryder Highlights Strategic Transformation Success and Future Growth Initiatives
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Guidance Update
New Projects/Investments
Demand Weakening
- Ryder's balanced growth strategy, initiated in 2018, has resulted in current earnings that are double 2018 levels and a Return on Equity (ROE) of 17-18%, up from 13% in 2018.
- The company is pursuing a new phase of strategic initiatives with a $150 million target for cost savings by the end of 2025, with $100 million already achieved and an additional $50 million expected in 2026.
- While the freight environment is currently stable but without significant recovery, Ryder anticipates a potential $200 million upside benefit from an eventual market upturn, primarily from rental and used vehicle pricing.
- Ryder is well-positioned for growth in warehouse management and omnichannel retail within its Supply Chain Solutions, and expects a rebound in used vehicle pricing by late 2026 due to OEM production being below replacement levels and new technology costs.
- The company continues to invest in customer-centric technology and AI for operational effectiveness and is actively seeking M&A opportunities to enhance scale and capabilities, particularly in the supply chain sector.
Dec 4, 2025, 5:50 PM
Ryder System Opens New Fleet Facility in Georgia
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New Projects/Investments
Revenue Acceleration/Inflection
- Ryder System has opened a 20,000-square-foot full-service commercial truck rental and maintenance facility in McDonough, Georgia, strategically located to support the region's fast-growing logistics corridor.
- This expansion aims to enhance Ryder's port-to-door logistics model and capitalize on rising demand from e-commerce, manufacturing, and regional distribution customers in high-growth freight markets.
- Ryder's shares have gained 39.3% over the past year, significantly outperforming industry peers, with the current share price of $178.49 trading near record highs and slightly below analyst fair value estimates of approximately $201.33.
Dec 4, 2025, 2:55 PM
Ryder Discusses Business Transformation, Market Outlook, and Capital Allocation
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Share Buyback
Revenue Acceleration/Inflection
Demand Weakening
- Ryder has undergone a significant business transformation, with its asset-light segments (Supply Chain and Dedicated) now comprising 60% of its portfolio, leading to a stronger financial profile with projected earnings per share of nearly $13 and a 17% return on equity at the market trough, compared to 2018 levels.
- The company de-risked its Fleet Management segment by a 40% correction in residual value estimates in 2019 and enhanced lease margins; despite current softness in rental and ChoiceLease, Ryder anticipates an uplift in used vehicle pricing and commercial rental demand in 2026 due to supply-side capacity reductions.
- Ryder's Supply Chain segment is on pace for a record sales year and is expected to deliver strong top-line growth and earnings in the second half of next year, driven by warehousing, nearshoring, and e-commerce solutions.
- Earnings growth is being driven by initiatives, contributing an incremental $70 million this year and a projected $50 million for 2026, with capital allocation priorities focused on fleet growth, strategic M&A, and an ongoing 2 million share buyback program.
Nov 19, 2025, 4:00 PM
Ryder Discusses Business Transformation, Financial Strength, and Strategic Growth Initiatives
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Guidance Update
M&A
Share Buyback
- Ryder has undergone a significant business transformation, de-risking its Fleet Management Solutions (FMS) segment by reducing residual value assumptions by 40% in 2019 and enhancing overall margin profiles.
- This transformation has strengthened Ryder's financial profile, with projected earnings per share of nearly $13, a 17% Return on Equity, and approximately $2.8 billion in operating cash flow, significantly higher than the previous freight cycle peak in 2018.
- The company's business is 90% contractual with long-term agreements (typically 3-5 years for Dedicated and Supply Chain Solutions, 5-7 years for FMS), providing insulation against market volatility and including escalators for wage and general inflationary protection.
- Strategic initiatives, including maintenance cost reductions and lease portfolio repricing, are expected to contribute $70 million in incremental bottom-line benefits this year and $50 million in 2026, driving earnings growth even in a muted economic environment.
- Ryder's capital allocation priorities include investing in fleet growth, pursuing strategic acquisitions to broaden its solution set (e.g., healthcare in SCS), and returning excess cash to shareholders, having repurchased 20% of shares over the last four and a half years and approving a new 2 million share buyback program.
Nov 19, 2025, 4:00 PM
Ryder Discusses Business Transformation and Growth Drivers
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New Projects/Investments
Share Buyback
Demand Weakening
- Ryder has undergone a significant business transformation since 2018, with asset-light segments (Supply Chain and Dedicated) now comprising 60% of the portfolio (up from 40%), leading to improved financial performance including projected EPS of nearly $13 (compared to $6 in the 2018 freight cycle peak) and 17% Return on Equity at the market trough.
- The Fleet Management Solutions (FMS) business has been derisked through reduced residual value assumptions and higher pricing, though rental activity currently shows softness due to macro factors like manufacturing, housing, and consumer demand, with used vehicle prices at historic low levels.
- Supply Chain Solutions (SCS) is identified as a key growth driver, offering port-to-door services including warehousing, last-mile, packaging, and e-commerce fulfillment, with warehousing and near-shoring highlighted as strong growth areas.
- Ryder's capital allocation prioritizes growing its existing fleet and strategic M&A to broaden its solution set (e.g., healthcare in SCS), followed by share buybacks, having repurchased 20% of shares over the last 4.5 years.
- Company initiatives, such as lease repricing and maintenance cost reductions, are projected to contribute $70 million in incremental bottom-line benefits this year and $50 million in 2026, driving earnings growth despite a muted economic environment.
Nov 19, 2025, 4:00 PM
Ryder Discusses Business Transformation, Segment Performance, and 2026 Outlook
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New Projects/Investments
Share Buyback
M&A
- Ryder has undergone a significant transformation since 2018, shifting its portfolio mix, de-risking its Fleet Management Solutions (FMS) business, and enhancing profitability, with 90% of its business now contractual.
- The company expects to deliver close to $13 of earnings per share and $2.8 billion in operating cash flow, with a 17% return on equity at the trough of the market.
- Ryder's initiatives are projected to contribute $70 million in incremental bottom-line benefits this year, with an additional $50 million expected for 2026.
- While the rental market remains soft due to manufacturing, housing, and consumer weakness, Ryder anticipates an uplift in used vehicle pricing next year as capacity exits the market.
- Ryder's capital allocation priorities include investing in fleet growth, strategic acquisitions to broaden its solution set (especially in Supply Chain Solutions), and returning excess cash to shareholders through buybacks.
Nov 19, 2025, 4:00 PM
Ryder System Reports Q3 2025 Results and Updates 2025 Outlook
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Earnings
Guidance Update
Share Buyback
- Ryder System reported Q3 2025 comparable EPS of $3.57, a 4% increase year-over-year, on operating revenue of $2.6 billion, up 1%, achieving a Return on Equity (ROE) of 17%.
- The company updated its full-year 2025 comparable EPS forecast to $12.85-$13.05 and reaffirmed its ROE forecast at 17% and free cash flow forecast at $900 million-$1 billion.
- Strategic initiatives are projected to generate approximately $100 million in benefits by year-end 2025, with $70 million incremental to 2024, and contribute to an expected annual pre-tax earnings benefit of at least $200 million by the next cycle peak.
- Ryder's board authorized a new discretionary 2 million share repurchase program, and the company has returned $457 million to shareholders in 2025 through repurchases and dividends.
- Despite ongoing trough freight market conditions, Ryder anticipates earnings growth in 2025, driven by contractual businesses and strategic initiatives, with strong supply chain sales expected to boost revenue and earnings in 2026.
Oct 23, 2025, 3:00 PM
Quarterly earnings call transcripts for RYDER SYSTEM.
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