Ryder System (R) Beats On Q4 Earnings, Issues 2018 View
Zacks Investment Research | Feb 18, 2018 10:25PM ET
Ryder System, Inc.’s (NYSE:R) fourth-quarter 2017 earnings (excluding $10.74 from non-recurring items) of $1.37 per share beat the Zacks Consensus Estimate of $1.35. Moreover, the bottom line increased 28% on a year-over-year basis.
Ryder System reported total revenues of $1939.7 million, which surpassed the Zacks Consensus Estimate of $1834.9 million. The top line increased 12.2% on a year-over-year basis with growth witnessed in all segments.
Segment Results
Fleet Management Solutions (FMS): Total revenues were $1.24 billion, up 8% year over year. Operating revenues (excluding fuel) came in at $1.06 billion, up 8% year over year. Segmental results were aided by an increase in commercial rental revenues on the back of increased demand and higher pricing.
Dedicated Transportation Solutions: Total revenues came in at $284 million, up 11% from the year-ago quarter. Operating revenues (excluding fuel and subcontracted transportation) rose 3% year over year to $198 million.
Supply Chain Solutions: Total revenues in the quarter under review were $540 million, up 26% year over year. Operating revenues (excluding fuel and subcontracted transportation) improved 16% year over year to $411 million.
Ryder System, Inc. Price, Consensus and EPS Surprise
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