RYDER SYSTEM INC (R) Form 10-Q — Oct 22, 2026
Ryder System reported a strong third quarter for 2026, with total revenue of $3.433 billion, up 8% year over year, and diluted EPS from continuing operations of $4.16, up 25%. Comparable EPS rose 21% to $4.33, driven by Fleet Management Solutions where segment EBT jumped 21% to $177 million and EBT margin expanded 90 basis points. Cash generation was the standout: nine-month free cash flow doubled to $992 million from $496 million a year ago, aided by lower capital expenditures ($1.448 billion vs $1.605 billion) and stronger operating cash flow of $1.985 billion.
Key figures
- Eps
- 4.16
- Revenue
- 3433000000
- Guidance
- On track to deliver over $70 million in expected earnings benefits from strategic initiatives this year; expects to recognize approximately $240 million non-cash, pre-tax pension settlement charges (~$4.30/share) in Q4 2026 with no impact to shareholders' equity or cash flows.
- Net Income
- 162000000
- Total Debt
- 7205000000
- Revenue Yoy
- 8%
- Total Assets
- 16170000000
- Cash Position
- 198000000
- Shares Outstanding
- 38218715
- Ebt q3
- 226000000
- Ebt yoy
- +19%
- Debt to equity
- 242%
- Uk pension pbo
- $299 million
- Q3 2025 revenue
- 3171000000
- Dividend declared
- $1.01 per share quarterly (October 2026) vs $0.91 prior year
- Q3 comparable eps
- 4.33
- Comparable eps yoy
- +21%
- Nine month revenue
- 9906000000
- Q3 diluted eps yoy
- +25%
- Available liquidity
- $1,513 million
- Canadian pension pbo
- $39 million
- Comparable ebitda q3
- 749000000
- Q3 share repurchases
- 155,805 shares at average $258.85
- Total fleet vehicles
- 179000
- Gross capex nine months
- 1448000000
- Nine month net earnings
- 388000000
- August 2026 note issuance
- $500 million at 5.00% maturing September 15, 2031
- Free cash flow prior year
- 496000000
- Free cash flow nine months
- 992000000
- Intangible impairment charge
- $10 million non-cash impairment of a finite-lived intangible asset
- Q4 pension settlement charge
- $240 million pre-tax (~$4.30 per share)
- Rental utilization power fleet
- 77% vs 70% year-ago
- Operating cash flow nine months
- 1985000000
- Contracted not recognized revenue
- $3.4 billion
AI analysis
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