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Ryder Cuts Full Year 2024 Total Revenue Growth Outlook From ~13% To ~10%; Revises Adj EPS Outlook From $11.50-$12.50 To $11.75-$12.50, Est $11.70

Author: Benzinga Newsdesk | April 23, 2024 07:01am

Ryder Chief Financial Officer John Diez, said, "We are raising the lower end of our full-year forecast to reflect the outperformance in the quarter, partially offset by a more modest rental upturn than initially expected. We are also raising our free cash flow forecast and reducing our rental capital spending forecast by $100 million to align with this revised outlook."

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