Ryder System Reports Mixed Q3: Contractual Growth Meets Freight Market Challenges
Ryder System Reports Mixed Q3: Contractual Growth Meets Freight Market Challenges
Earnings before tax declined to $188 million from $213 million a year ago quarter. Adjusted EPS of $3.44 beat the analyst consensus of $3.42.Ryder System Inc (NYSE:R) shares are trading lower on Thursday after it reported third-quarter results.
紐交所的萊德系統股票週四交易下跌，因其報告了第三季度的業績。
Sales grew 8% year-on-year to $3.17 billion, missing the analyst consensus estimate of $3.29 billion.
銷售額同比增長8％，達31.7億美元，略低於分析師的預期32.9億美元。
Revenue from Fleet Management Solutions fell 1% to $1.47 billion, Supply Chain Solutions climbed 10% to $1.317 billion and Dedicated Transportation Solutions jumped 41% to $633 million.
車隊管理解決方案的營業收入下降1％，達14.7億美元，供應鏈解決方案增長10％，達13.17億美元，專用運輸解決方案增長41％，達63300萬美元。
Earnings before tax declined to $188 million from $213 million a year ago quarter. Adjusted EPS of $3.44 beat the analyst consensus of $3.42.
稅前收益從去年同期的21300萬美元下降至18800萬美元。調整後的每股收益爲3.44美元，超過分析師的一致預期3.42美元。
Operating cash flow for nine months totaled $1.7 billion, with a free cash flow of $218 million. Ryder System held $162 million in cash and equivalents as of September-end.
九個月的營運現金流總計爲17億美元，自由現金流爲21800萬美元。截至9月底，萊德系統持有16200萬美元的現金及等價物。
The company's board recently authorized a new discretionary 2 million share repurchase program that replaces the recently completed program.
公司董事會最近批准了一個新的自由裁量權200萬股回購計劃，取代最近完成的計劃。
Ryder Chairman & CEO Robert Sanchez said, "We saw double-digit earnings growth in our contractual businesses. Higher ChoiceLease results from our pricing and maintenance initiatives benefited FMS. Stronger operating performance and cost-management actions benefited SCS. DTS delivered strong earnings growth, demonstrating the resiliency of our legacy business. Each of the segments also benefited from recent acquisitions."
萊德董事長兼首席執行官Robert Sanchez表示：「我們的合同業務實現了兩位數的盈利增長。FMS的更高ChoiceLease業績受益於我們的定價和維護舉措。SCS表現更強的運營業績和成本管理舉措使其受益。DTS實現了強勁的盈利增長，展示了我們傳統業務的韌性。每個業務板塊都受益於最近的收購。」
"The long-term secular growth trends remain intact for all of our contractual businesses, although we are experiencing near-term sales headwinds that reflect the extended freight downturn and overall economic uncertainty."
「我們所有合同業務的長期結構性增長趨勢仍然存在，儘管我們正在經歷近期銷售上的阻力，這反映了持續的貨運低迷和整體經濟不確定性。」
Outlook: Ryder lowered its FY24 operating revenue growth to ~7% (vs. ~8% prior) and tightened the adjusted EPS forecast to $11.90 – $12.10 (vs. consensus of $12.13) from $11.90 – $12.40 earlier.
展望：萊德降低了FY24營業收入增長預期至約7%（之前約8%），並將調整後的每股收益預測收窄至11.90美元至12.10美元（而不是之前的11.90美元至12.40美元，共識爲12.13美元）。
For the fourth quarter, Ryder sees adjusted EPS of $3.32 – $3.52 against the consensus of $3.57.
對於第四季度，萊德預計調整後的每股收益爲3.32美元至3.52美元，而共識爲3.57美元。
Investors can gain exposure to the stock via First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) and SPDR S&P Transportation ETF (NYSE:XTN).
投資者可以通過第一託管納斯達克運輸etf（納斯達克：FTXR）和標普運輸etf（紐交所：XTN）獲得該股票的曝光。
Price Action: R shares are down 4.36% at $138.71 at the last check Thursday.
股價走勢：R股在上週四最後一次檢查時下跌4.36%，報138.71美元。
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譯文內容由第三人軟體翻譯。
