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Dec 31, 2024
Ryder Q4 2024 Earnings Report
Key Takeaways
Ryder reported strong fourth-quarter earnings, with GAAP EPS increasing to $3.11 and non-GAAP EPS rising to $3.45. Revenue grew 5% year-over-year to $3.19 billion, driven by acquisitions and segment growth. Operating income improved, particularly in the Supply Chain and Dedicated Transportation segments.
Ryder
Ryder
Ryder Revenue by Segment
Revenue by Segment
ChoiceLease Revenue
CapyFin.comCommercial rental Revenue
CapyFin.comSelectCare & other Revenue
CapyFin.comFuel services Revenue
CapyFin.comSupply Chain Solutions Revenue
CapyFin.comDedicated Transport Revenue
CapyFin.com Forward Guidance
Ryder expects continued momentum in contractual business segments, driving earnings growth in 2025. The high-end forecast assumes contractual earnings growth and modest rental demand recovery.
Positive Outlook
- 2025 Comparable EPS forecasted between $13.00 - $14.00
- Adjusted ROE expected to improve to 17% - 18%
- Operating revenue projected to grow by approximately 2%
- Net cash from operations expected to reach $2.5 billion
- Free cash flow forecasted between $300M - $400M
Challenges Ahead
- Uncertainty in rental demand improvement
- Weakness in used vehicle sales may persist
- Debt-to-equity expected to remain elevated at ~240%
- Continued inflationary pressures impacting operating costs
- Potential impact of global supply chain disruptions
Revenue & Expenses
Visualization of income flow from segment revenue to net income