Why Transportation & Logistics Company Ryder System's Shares Are Falling Today
Why Transportation & Logistics Company Ryder System's Shares Are Falling Today
Ryder System, Inc. (NYSE:R) reported a third-quarter FY23 revenue decline of 4% year-on-year to $2.924 billion, missing the analyst consensus of $2.985 billion.
萊德系統公司(紐約證券交易所股票代碼：R)公佈，23財年第三季度營收同比下降4%，至29.24億美元，低於分析師一致預期的29.85億美元。
Adjusted EPS of $3.58 beat the analyst consensus of $3.22.
調整後每股收益為3.58美元，超過了分析師一致預期的3.22美元。
Revenue from Fleet Management Solutions decreased by 6% to $1.487 billion, Supply Chain Solutions fell 1% to $1.194 billion, and Dedicated Transportation Solutions fell by 1% to $448 million.
Fleet Management Solutions的收入下降了6%，至14.87億美元，供應鏈解決方案下降了1%，至11.94億美元，專用運輸解決方案下降了1%，至4.48億美元。
Ryder System held $159 million in cash and equivalents as of quarter end.
截至季度末，萊德系統持有1.59億美元現金和現金等價物。
Debt-to-equity as of September 30, 2023, was 214%, compared to 216% at year-end 2022, and remains below the company's long-term target of 250% to 300%.
截至2023年9月30日，債務權益比為214%，而2022年底為216%，仍低於該公司250%至300%的長期目標。
"Our strong third quarter performance and increased 2023 guidance demonstrate the ongoing effectiveness of our balanced growth strategy despite a challenging freight environment," says Ryder Chairman and CEO Robert Sanchez. "ROE of 21% remained above our high-teens target and all three business segments achieved their pre-tax earnings targets during the quarter."
萊德董事長兼首席執行官羅伯特·桑切斯表示：“儘管貨運環境充滿挑戰，但我們第三季度的強勁表現和2023年增加的指引表明，儘管貨運環境充滿挑戰，但我們的平衡增長戰略仍然有效。”21%的淨資產收益率(ROE)保持在我們高水平的目標之上，所有三個業務部門在本季度都實現了稅前收益目標。“
Share Repurchase: The company has authorized two new share repurchase programs. Both programs commenced October 12, 2023, and expire on October 12, 2025.
股票回購：該公司已經批准了兩個新的股票回購計劃。這兩項計劃從2023年10月12日開始，2025年10月12日到期。
Under the new discretionary repurchase program, Ryder management is authorized to repurchase up to 2.0 million shares of common stock.
根據新的可自由支配回購計劃，萊德管理層被授權回購最多200萬股普通股。
Under the new anti-dilutive repurchase program, Ryder management is authorized to repurchase up to 2.0 million shares of common stock that have been issued to employees under its employee stock plans since August 31, 2023.
根據新的反稀釋回購計劃，萊德管理層被授權回購自2023年8月31日以來根據其員工股票計劃向員工發行的最多200萬股普通股。
Outlook: Ryder raised its FY23 adjusted EPS outlook to $12.60-$12.85 (prior view: $12.20 - $12.70) versus the $12.78 estimate.
展望：Ryder將其23財年調整後每股收益預期上調至12.60-12.85美元(之前的預期：12.20-12.70美元)，而不是12.78美元。
R continues to see total revenue growth of ~(2%).
R總收入繼續增長~(2%)。
For Q4, the company sees adjusted EPS of $2.60 - $2.85, below the consensus of $2.93.
對於第四季度，該公司預計調整後每股收益為2.60美元至2.85美元，低於2.93美元的共識。
Price Action: R shares are trading lower by 4.01% at $94.05 on the last check Wednesday.
價格行動：在週三的最後一次檢查中，R股下跌了4.01%，至94.05美元。