Ryder System, Inc. Q2 2026 Financial Results

Ryder System, Inc. reported its financial results for the second quarter ended June 30, 2026. The company announced a GAAP EPS from continuing operations of $3.40, an increase of 8% from the prior year, and a comparable EPS (non-GAAP) of $3.73, up 12% year-over-year. Total revenue increased by 5% to $3.3 billion, driven by higher revenues in Supply Chain Solutions (SCS) and Fleet Management Solutions (FMS). Operating revenue (non-GAAP) rose by 3% to $2.7 billion, primarily due to contractual revenue growth in SCS. The company raised its full-year 2026 forecast for comparable EPS to $14.40 - $14.80 and maintained its operating revenue growth forecast at 3%. FMS saw a 20% increase in Earnings Before Tax (EBT) due to strong performance in contractual businesses and improved used vehicle sales. SCS EBT decreased by 7% year-over-year, impacted by lower automotive results. DTS EBT saw a slight decrease of 4%. The company also reported a $10 million non-cash impairment charge for an intangible asset. Capital expenditures decreased, and free cash flow improved compared to the previous year. The debt-to-equity ratio was 259% as of June 30, 2026.