Ryder posts Q3 earnings beat, raises full‑year EPS outlook on freight recovery
Ryder System reported third‑quarter 2026 earnings with GAAP EPS of $4.16 and non‑GAAP EPS of $4.33, both up year‑over‑year. Total revenue rose 8% to $3.4 billion, driven by growth across all three segments. Management highlighted stronger used‑vehicle pricing, 77% rental utilization and a recovering freight market, and raised its full‑year comparable EPS guidance to $14.85‑$15.05. The company also increased its 2026 rental‑fleet capital spending plan to $500 million.
Why it matters
The higher EPS and raised guidance suggest stronger profitability and cash‑flow generation, which could support a higher valuation for the stock (Stephens lifted its target to $305). The increased rental‑capex signals confidence in demand for leased capacity as the freight market recovers.
Key facts
- 1GAAP EPS from continuing operations was $4.16, up 25% YoY. stocktitan.net
- 2Comparable (non‑GAAP) EPS from continuing operations was $4.33, up 21% YoY. stocktitan.net
- 3Total revenue was $3.4 billion, up 8% YoY. stocktitan.net
- 4Full‑year 2026 comparable EPS guidance was raised to $14.85‑$15.05. stocktitan.net
- 5Full‑year 2026 ROE (non‑GAAP) was raised to a range of 18%‑19%. stocktitan.net
- 62026 rental‑fleet capital spending was increased to $500 million. seekingalpha.com
Summary written by AlphAI AI Desk from 19 of 19 sources. Not investment advice. Figures are as stated by the linked sources.