Ryder (R) Q1 Earnings & Revenues Surpass, 2018 View Bullish
Zacks Investment Research | Apr 25, 2018 08:41AM ET
Ryder System, Inc.’s (NYSE:R) first-quarter 2018 earnings (excluding 28 cents from non-recurring items) of 91 cents per share beat the Zacks Consensus Estimate of 88 cents. Moreover, the bottom line climbed substantially on a year-over-year basis.
Ryder reported total revenues of $1,903.5 million, surpassing the Zacks Consensus Estimate of $1,889 million. The top line also increased on a year-over-year basis with growth witnessed across all segments.
Segment Results
Fleet Management Solutions (FMS): Total revenues were $1.24 billion, up 10% year over year. Operating revenues (excluding fuel) came in at $1.04 billion, up 8% year over year. Segmental results were aided by an increase in commercial rental and ChoiceLease revenues.
Dedicated Transportation Solutions (DTS): Total revenues came in at $299 million, up 12% from the year-ago quarter. Operating revenues (excluding fuel and subcontracted transportation) rose 4% year over year to $201 million.
Supply Chain Solutions (SCS): Total revenues in the quarter under review were $495 million, up 10% year over year. Operating revenues (excluding fuel and subcontracted transportation) improved 6% year over year to $383 million.
Ryder System, Inc. Price, Consensus and EPS Surprise
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