Financial Data and Key Metrics Changes - Operating revenue for Q1 2025 was $2.6 billion, up 2% from the prior year, primarily due to acquisition and contractual revenue growth in supply chain and Fleet Management Solutions (FMS) [18] - Comparable earnings per share (EPS) from continuing operations increased to $2.46, up from $2.14 in the prior year [18] - Return on equity (ROE) was reported at 17%, consistent with expectations [19] - Free cash flow rose to $259 million from $13 million in the prior year, reflecting lower capital expenditures [19] Business Line Data and Key Metrics Changes - Fleet Management Solutions' operating revenue increased by 1%, driven by higher ChoiceLease revenue, which grew by 3% [20] - Supply Chain operating revenue increased by 3%, with earnings up 35% year-over-year due to improved performance from strategic initiatives [27] - Dedicated operating revenue rose by 8%, with earnings before tax (EBT) increasing by 50% year-over-year, benefiting from acquisition synergies [28] Market Data and Key Metrics Changes - 93% of Ryder's revenue is generated in the U.S., with expectations for 60% of 2025 revenue to come from asset-light businesses [15] - Used vehicle sales saw a decline, with used tractor proceeds down 16% and used truck proceeds down 17% year-over-year [23] - Rental utilization on the power fleet was 66%, consistent with the prior year, but rental demand remains weak [22] Company Strategy and Development Direction - The company is focused on a balanced growth strategy, aiming to derisk the business and increase the return profile while accelerating growth in asset-light businesses [7][12] - Ryder expects to generate annual pretax earnings benefits of approximately $150 million from multiyear strategic initiatives, which are not dependent on a cycle upturn [43] - The company plans to continue investing in organic growth and strategic acquisitions, having repurchased approximately 20% of its shares since 2021 [37] Management's Comments on Operating Environment and Future Outlook - Management noted a more muted macroeconomic environment impacting rental demand and used vehicle sales, but remains confident in long-term growth trends [39][41] - The company anticipates that the extended freight downturn will lead to some customers delaying decisions or downsizing fleets [41] - Despite current challenges, management highlighted the resilience of the contractual business model, which continues to provide earnings growth [75] Other Important Information - Ryder returned $202 million to shareholders through share repurchases and dividends during the quarter [13] - The company expects to generate approximately $10 billion from operating cash flow and used vehicle sales proceeds over the next three years, creating $3.5 billion of incremental debt capacity [35] Q&A Session Summary Question: Can you talk about the used vehicle market and its potential developments? - Management indicated that used vehicle pricing is expected to stabilize as aged inventory is sold off, with a potential increase in retail pricing in the second half of the year [56][58] Question: What macro assumptions are in the low end of the guidance? - The low end of the guidance assumes further deterioration in rental and used vehicle sales, but management remains confident in earnings growth year-over-year [73][75] Question: What indicators are being monitored for early demand cycles? - Rental fleet utilization is a key indicator, with softer conditions noted as the company exited Q1, but some positive momentum in tractor classes was observed [83][86] Question: What are the implications of a potential decline in used vehicle pricing? - If pricing were to decline significantly, it would lead to incremental charges on used trucks, but the current guidance accounts for potential downside risks [126][128] Question: How is the company positioned regarding potential M&A opportunities? - Management is actively looking for acquisition opportunities that align with Ryder's capabilities and culture, particularly in supply chain solutions [89][92]

Financial Performance - Diluted EPS from continuing operations increased by 21% to $2.29, with comparable EPS rising 15% to $2.46[85] - Total revenue for the first quarter of 2025 was $3.1 billion, reflecting a 1% increase, while operating revenue rose 2% to $2.6 billion[85][88] - Net cash provided by operating activities from continuing operations was $651 million, a 24% increase compared to the prior year[85] - Total revenue for Q1 2025 was $3,131 million, compared to $3,098 million in Q1 2024, reflecting an increase of 1.1%[159] - Operating revenue for Q1 2025 was $2,557 million, an increase from $2,495 million in Q1 2024, representing a growth of 2.5%[159] - Comparable EBITDA for Q1 2025 was $671 million, compared to $636 million in Q1 2024, indicating a year-over-year increase of 5.5%[158] - Comparable earnings for Q1 2025 were $106 million, up from $96 million in Q1 2024, marking a growth of 10.4%[154] - Adjusted net earnings for the twelve months ended March 31, 2025, were $509 million, compared to $533 million in 2024[163] Revenue Breakdown - Lease & related maintenance and rental revenue increased by 1% to $945 million, with gross margin rising 11% to 31%[95][97] - Fuel services revenue decreased by 15% to $106 million, primarily due to lower fuel prices passed through to customers[98] - Fleet Management Solutions (FMS) total revenue decreased by 1% to $1,447 million, primarily due to lower fuel costs passed through to customers[117] - Supply Chain Solutions (SCS) revenue increased by 2% to $1,331 million, while Dedicated Transportation Solutions (DTS) revenue grew by 7% to $602 million[109] - SCS total revenue for the three months ended March 31, 2025, was $1,331 million, a 2.2% increase from $1,302 million in the same period of 2024[160] - DTS total revenue for the three months ended March 31, 2025, was $602 million, a 6.9% increase from $563 million in the same period of 2024[160] Operating Metrics - The average rental power fleet utilization remained stable at 66% in Q1 2025, consistent with the prior year[118] - The total fleet of owned and leased revenue-earning equipment decreased by 1% to 190,400 units compared to 191,900 units in Q1 2024[120] - FMS operating revenue, excluding fuel, increased by 1% to $1,260 million, driven by higher ChoiceLease revenue[117] - FMS EBT as a percentage of total revenue decreased to 6.5% in Q1 2025 from 6.9% in Q1 2024, reflecting a decline in commercial rental demand[115] - SCS EBT grew by 35% to $87 million in Q1 2025, reflecting improved operating performance from strategic initiatives and new business[129] - DTS EBT increased by 50% to $27 million in Q1 2025, benefiting from acquisition synergies and strong performance of the legacy business[131] Expenses and Costs - Interest expense increased by 9% to $100 million, reflecting higher market interest rates on new debt issuances[105] - SG&A expenses decreased by 3% to $368 million, maintaining 12% of total revenue[101] - Total CSS costs increased by 9% to $108 million in Q1 2025, primarily due to higher incentive-based compensation and strategic investments in marketing[132] Cash Flow and Capital Expenditures - Free cash flow increased to $259 million in Q1 2025, up from $13 million in 2024, primarily due to reduced capital expenditures[135] - Gross capital expenditures decreased to $536 million in Q1 2025, down from $716 million in 2024, reflecting reduced investments in ChoiceLease[136] - Cash and cash equivalents totaled $151 million as of March 31, 2025, with $114 million held outside the U.S. available for non-U.S. operations[138] Debt and Equity - The debt-to-equity ratio was 259% as of March 31, 2025, compared to 250% at the end of 2024, indicating an increase in leverage[146] - The board of directors declared a quarterly cash dividend of $0.81 per share for February 2025, up from $0.71 in February 2024[147] - The corporate revolving credit facility was amended to increase the committed borrowing capacity to $1.6 billion, expiring in April 2030[182] Strategic Outlook - The company anticipates continued challenges from inflationary pressures and economic uncertainty impacting demand and financial results[84] - The company expects continued demand for outsourced logistics and anticipates impacts from economic uncertainty on market conditions[164] - The company is focused on strategic investments and initiatives to enhance lease pricing and maintenance cost savings[166] - The company faces risks from inflationary pressures, interest rate movements, and competition affecting profitability and market demand[167] Share Repurchase - The company repurchased a total of 1,229,636 shares of common stock during the three months ended March 31, 2025, at an average price of $158.37 per share[179] - The maximum number of shares that may yet be purchased under the publicly announced programs is 1,929,081[179] - The company maintains two share repurchase programs approved by the board of directors in October 2023 and 2024[179]

Ryder (R) reported $3.13 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 1.1%. EPS of $2.46 for the same period compares to $2.14 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.17 billion, representing a surprise of -1.26%. The company delivered an EPS surprise of +2.50%, with the consensus EPS estimate being $2.40.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Core Viewpoint - Ryder reported quarterly earnings of $2.46 per share, exceeding the Zacks Consensus Estimate of $2.40 per share, and showing an increase from $2.14 per share a year ago, indicating a positive earnings surprise of 2.50% [1][2] Financial Performance - Ryder's revenues for the quarter ended March 2025 were $3.13 billion, which fell short of the Zacks Consensus Estimate by 1.26%, compared to $3.1 billion in the same quarter last year [2] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates, but has not been able to beat revenue estimates during the same period [2] Stock Performance - Ryder shares have declined approximately 12% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The current Zacks Rank for Ryder is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $3.23 on revenues of $3.26 billion, and for the current fiscal year, it is $13.54 on revenues of $13.2 billion [7] - The trend of estimate revisions for Ryder has been unfavorable leading up to the earnings release [6] Industry Context - The Transportation - Equipment and Leasing industry, to which Ryder belongs, is currently ranked in the bottom 17% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8]

Core Insights - Edge Total Intelligence Inc. (edgeTI) has been recognized as a Sample Vendor in the Digital Twins category in the Gartner® Hype Cycle™ for Managing Operational Technology, 2024 [1][3] - The recognition highlights the importance of digital twins in optimizing industrial asset management and improving operational efficiency across various sectors [3][4] Company Overview - EdgeTI provides real-time digital twin software, specifically through its edgeCore™ platform, which integrates data and control systems from various domains [3][6] - The company aims to enhance situational awareness and accelerate decision-making for global enterprises, service providers, and governments [6] Industry Context - Digital twins are increasingly utilized by enterprises to streamline business processes, enhance visibility, and create new revenue models [3][4] - The technology is particularly relevant in industries such as construction, defense, environmental services, and logistics [4]

CAMBRIDGE, United Kingdom, April 08, 2025 (GLOBE NEWSWIRE) -- Bango (AIM: BGO), the global leader in subscription bundling, announces that it is providing the technology behind Telenet’s next-generation entertainment marketplace. Through this collaboration, all Telenet customers - across TV, broadband, and mobile channels - can effortlessly access and manage their favorite entertainment subscriptions. Available via Telenet TV, online through My Telenet and in call centre and retail stores, this marketplace ...

Core Insights - Obedir has announced its sponsorship of renowned sculptor Sophie Ryder at the Art Paris exhibition, marking its first major arts patronage initiative and emphasizing its commitment to supporting female representation in the arts [1][3][4] Company Overview - Obedir is an innovative compliance technology firm founded in 2024, focusing on transforming compliance into a strategic advantage through its AI-enhanced BAT platform, which ensures clean, auditable, and traceable data governance [10][11] - The company serves clients across Europe and North America, aiming to provide infrastructure for a sustainable global economy through meticulous data management [11] Partnership Details - The partnership with Sophie Ryder is rooted in shared values, with both Obedir and Ryder demonstrating a commitment to precision and detail in their respective fields [5][6] - Ryder's sculptures, which explore themes of transformation and duality, will be showcased at the exhibition, reflecting the same commitment to precision that drives Obedir's technological innovations [5][6] Event Information - The Art Paris exhibition will take place from April 3-6, 2025, at the Grand Palais des Champs-Élysées, featuring Ryder's acclaimed monumental sculptures [3][4] - Obedir will host an exclusive viewing event for stakeholders and media representatives on April 2, 2025, aimed at creating networking opportunities while promoting artistic innovation [6][7] Future Initiatives - The sponsorship is seen as the beginning of a broader arts patronage initiative, with plans to explore future sponsorships that align with Obedir's values [7] - Obedir's BAT platform is positioned to benefit the art world by addressing administrative and compliance challenges faced by artists and galleries [7] Industry Context - Art Paris is one of Europe's premier contemporary art fairs, showcasing over 170 galleries from more than 25 countries, with a focus on female artists in the 2025 exhibition [7]

Aires' Segment on Leading Branded Reality TV Show "Military Makeover with Montel(R)" Goes LiveMarch 24, 2025 6:00 AM EDT | Source: American Aires Inc.Military Makeover with Montel® won 'Outstanding Reality Show' at the 2024 CBS Family Film and TV AwardsAires incorporated EMF protection products into the featured family's homeEpisode aired on Lifetime and American Forces Network with promotions on high-profile media channelsToronto, Ontario--(Newsfile Corp. - March 24, 2025) - American Aires In ...

Group 1 - Ryder System's shares have increased over 20% in the past year, indicating strong performance [1] - However, the stock has experienced a decline of over 15% in the past month due to concerns about an economic slowdown [1]

Core Viewpoint - Tenet Fintech Group Inc. has announced a referral agreement with Uncapped Technologies Inc. to enhance loan and credit options for SME entrepreneurs through its Cubeler® Business Hub [1][3]. Group 1: Company Overview - Tenet Fintech Group Inc. operates as a parent company for various innovative fintech and AI companies, providing analytics and AI-based products and services [4]. - The Cubeler® Business Hub serves as a global ecosystem for B2B transactions, leveraging data to create opportunities for its members [4]. Group 2: Partnership Details - The partnership with Uncapped allows Cubeler to offer working capital loans and lines of credit up to USD $10 million, targeting SMEs often overlooked by traditional banks [2][3]. - Uncapped utilizes technology to assess sales data and typically provides lending decisions within 24 hours, streamlining the financing process for SMEs [2]. Group 3: Strategic Goals - The primary objective of Cubeler is to establish a global network that provides SME owners with access to technology-driven tools and services to facilitate business growth [3]. - The collaboration with Uncapped is expected to significantly benefit Canadian and U.S. SME members, particularly as the Business Hub expands into the U.S. market [3].