R · Ryder Q2 FY2026 earnings call record财报电话会记录

“Operational excellence is where we stand out and what enables us to leverage our full end-to-end capabilities to solve our customers' toughest logistics and transportation challenges.”

“Our revenue mix has shifted towards supply chain and dedicated, with approximately 60% of 2026 expected revenue generated by these asset-light businesses, compared to 44% in 2018, as a result of organic growth, strategic acquisitions, and innovative technology.”

“Total company operating revenue of $2.7 billion in the second quarter increased 3% from prior year, reflecting contractual revenue growth in Supply Chain.”

“Free cash flow increased to $684 million from $461 million in the prior year, reflecting reduced Capital Expenditures.”

“Supply Chain EBT as a percent of operating revenue was 8.4% in the quarter at the segment's long-term target of high single digits.”

“This creates approximately $3.5 billion of incremental debt capacity, resulting in $14 billion available for capital deployment.”

“Over the same three-year period, we estimate approximately $9.5 billion will be deployed for the replacement of lease and rental vehicles and for dividends.”

“Aligned with these priorities, year-to-date, we funded lease and rental replacement CapEx of approximately $700 million and returned $406 million to shareholders through buybacks and dividends.”

“Turning to our outlook on page 14, we've raised our full year 2026 comparable EPS forecast by increasing the low end of the range to $14.40 from $14.05, while maintaining the high end at $14.80.”

“The increase to our forecast largely reflects an improved outlook and reduced downside related to used vehicle sales, with gains now expected to be approximately $40 million for the full year, up $10 million from our prior forecast.”

“We haven't seen any sort of impact with regards to the businesses that we're looking to engineer, design, and hopefully launch with customers.”

“Clearly, the type of customers you highlight there are the type of customers that come into one of our 60 retail centers in North America and that we sell retail to.”