RYDER SYSTEM INC
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
R$281.72+1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Earnings
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| (In millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Services revenue | $2,114 | $1,778 | $4,151 | $3,599 |
| Lease & related maintenance and rental revenue | 948 | 976 | 1,884 | 1,955 |
| Fuel services revenue | 120 | 130 | 244 | 282 |
| Total revenue | 3,182 | 2,884 | 6,279 | 5,836 |
| Cost of services | 1,793 | 1,507 | 3,536 | 3,114 |
| Cost of lease & related maintenance and rental | 644 | 661 | 1,313 | 1,335 |
| Cost of fuel services | 116 | 126 | 237 | 275 |
| Selling, general and administrative expenses | 368 | 343 | 746 | 706 |
| Non-operating pension costs, net | 10 | 10 | 21 | 20 |
| Used vehicle sales, net | (19) | (55) | (39) | (127) |
| Interest expense | 96 | 72 | 188 | 137 |
| Miscellaneous income, net | (4) | (11) | (19) | (31) |
| Currency translation adjustment loss | — | 188 | — | 188 |
| Restructuring and other items, net | — | (1) | 4 | (26) |
| 3,004 | 2,840 | 5,987 | 5,591 | |
| Earnings from continuing operations before income taxes | 178 | 44 | 292 | 245 |
| Provision for income taxes | 52 | 62 | 80 | 123 |
| Earnings (loss) from continuing operations | 126 | (18) | 212 | 122 |
| Earnings (loss) from discontinued operations, net of taxes | 1 | — | — | (1) |
| Net earnings (loss) | $127 | $(18) | $212 | $121 |
| Earnings (loss) per common share — Basic | ||||
| Continuing operations | $2.88 | $(0.39) | $4.81 | $2.64 |
| Discontinued operations | 0.01 | (0.01) | 0.01 | (0.02) |
| Net earnings (loss) | $2.89 | $(0.40) | $4.82 | $2.61 |
| Earnings (loss) per common share — Diluted | ||||
| Continuing operations | $2.83 | $(0.39) | $4.72 | $2.60 |
| Discontinued operations | 0.01 | (0.01) | 0.01 | (0.02) |
| Net earnings (loss) | $2.84 | $(0.40) | $4.73 | $2.57 |
Note: Earnings per common share—basic (EPS) and/or earnings per common share—diluted (Diluted EPS) amounts may not be additive due to rounding.
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