Ryder Q3: EPS Beats While Revenue Flat

Ryder reported third-quarter FY2025 revenue of $3.17 billion, essentially flat year‑over‑year and slightly below consensus, with adjusted EPS of $3.57 (GAAP EPS roughly $3.32–$3.33). Segment results were mixed: Dedicated Transportation Solutions revenue fell about 10% to $570 million (EBT $36 million), Fleet Management Solutions revenue dipped slightly while EBT rose 11% to $146 million, and Supply Chain Solutions revenue grew 5% to $1.38 billion while EBT fell 8% to $86 million. Management said acquisition synergies helped results but were partly offset by fleet reductions amid weak freight conditions. Ryder reiterated full‑year adjusted EPS guidance of $12.85–$13.05 (GAAP $12.10–$12.30), gave Q4 adjusted EPS guidance of $3.50–$3.70 (GAAP $3.30–$3.50), expects roughly 1% revenue growth, and plans about $2.3 billion in capital spending. Analysts noted Ryder has tended to beat EPS estimates while missing revenue more often, and the stock has outperformed year‑to‑date and over the past 12 months.