Ryder Q3 adjusted EPS rises 21% and beats estimates; raises FY forecast
R•Ryder reported third-quarter revenue of $3.4 billion, up 8% year over year, and adjusted EPS of $4.33, beating the $4.15 consensus. It raised its 2026 comparable EPS forecast to $14.85-$15.05.
1. Quarterly results
Ryder’s third-quarter adjusted EPS rose 21% year over year to $4.33, above analyst expectations of $4.15. Revenue increased 8% to $3.4 billion, including operating revenue of $2.8 billion; reported EPS was $4.16.
2. Raised 2026 outlook
Ryder raised its 2026 comparable EPS forecast to $14.85-$15.05 and its return-on-equity outlook to 18%-19%. It increased planned 2026 rental fleet investment to $500 million to meet higher expected demand in 2027.
3. Drivers of growth
The company said strategic initiatives, improving freight market conditions and stronger contractual sales activity supported results. Higher used vehicle sales volumes and pricing also exceeded expectations.
