Ryder System reported second-quarter 2026 results with revenue of $3.35B, up 5% from $3.19B a year earlier, and diluted EPS of $3.39 versus $3.13 in the prior-year quarter; net income was $133M compared with $131M in the year-ago period.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$3.35B$3.19B5% | Net income²$133M$131M1.5% | Diluted EPS³$3.39$3.138.3% |
¹ Reported as “Total revenue”. ² Reported as “Net earnings”. ³ Reported as “Earnings per common share — Diluted”.
Business Highlights
- Revenue growth was driven by higher SCS and FMS revenue, with operating revenue up about 3% reflecting contractual growth.
- FMS earnings improved notably (about 20% in Q2) supported by ChoiceLease gains and stronger used-vehicle results.
- SCS growth benefited from omnichannel retail wins and an improved used-vehicle retail mix.
- Rental utilization normalized to roughly 75% on a smaller fleet as Ryder continues targeted right‑sizing; active fleet was down about 2–4% year over year.
- Company remains on track for a $70M strategic initiative earnings benefit in 2026.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.