Ryder System reported second-quarter 2026 diluted earnings per share from continuing operations of $3.40, up from $3.15 a year earlier. Comparable EPS rose to $3.73 from $3.32.
Total revenue increased 5% to $3.347 billion from $3.189 billion. Operating revenue rose 3% to $2.686 billion from $2.610 billion.
By segment, fleet management solutions revenue climbed 6% to $1.560 billion, while operating revenue edged up 1% to $1.303 billion. Segment earnings before tax increased 20% to $150 million from $126 million.
Supply chain solutions revenue rose 8% to $1.472 billion, with operating revenue up 7% to $1.095 billion. But segment earnings before tax fell 7% to $92 million from $99 million.
Dedicated transportation solutions revenue slipped 1% to $600 million, and operating revenue declined 3% to $455 million. Segment earnings before tax dipped 4% to $36 million from $37 million.
For the first half of the year, Ryder said capital expenditures fell to $832 million from $1.2 billion a year earlier. Net cash provided by operating activities from continuing operations was $1.3 billion, compared with $1.4 billion in the prior-year period. Free cash flow increased to $684 million from $461 million.
The company raised its full-year 2026 comparable EPS range to $14.40 to $14.80, from the prior forecast, and kept operating revenue growth at 3%. It reiterated net cash from operating activities from continuing operations at $2.7 billion and free cash flow at $700 million to $800 million.
For the third quarter, Ryder forecast GAAP EPS of $3.80 to $4.00 and comparable EPS of $4.00 to $4.20. Today the company's shares have moved -3.78% to a price of $265.915. If you want to know more, read the company's complete 8-K report here.
