Investors

Earnings and EPS Forecast - Continuing Operations

( $ Millions, Except Per Share Amounts)


2017
Forecast
2016 %B(W)
Comparable EPS(1) $4.25 - $4.55  $6.13 (16%) - (22%)
2Q Comparable 2017 EPS $0.87 - $0.97 $1.56 (38%) - (44%)
    

Note: Earnings per share amounts are calculated independently for each component and may not be additive due to rounding.
(1) Non-GAAP financial measures- please refer to financial statements and Earnings Release materials for description and reconciliation of non-GAAP financial measures. Forecast provided on 4/25/2017 and has not subsequently been confirmed or revised.

Capital Expenditures, Cash Flow & Leverage Forecast

($ Millions)

  2017
Forecast
2016

Free Cash Flow(1)(2)

$250

$194

 Total Obligations to Equity 240% 263%

 
(1) Non-GAAP financial measures- please refer to financial statements and Earnings Release materials for description and reconciliation of non-GAAP financial measures.  Forecast provided on 4/25/2017 and has not subsequently been confirmed or revised.
(2) Free Cash Flow excludes acquisitions.

Note Regarding Forward Looking Statements

Safe Harbor

 

Note Regarding Forward Looking Statements: Certain statements and information included in this presentation are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995, including our expectations regarding market conditions, earnings performance, revenue in our business segments, fleet size, demand and pricing trends in commercial rental and used vehicle sales, cash flow measures, capital expenditures, debt, adjusted ROC and our 2017 outlook. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties inherent in our business that could cause actual results and events to differ materially from those in the forward-looking statements. Important factors that could cause such differences include, among others, lower than expected lease sales, further decreases in commercial rental demand or poor acceptance of rental pricing, our ability to right-size our commercial rental fleet in line with demand, availability of labor to maintain our fleet at normalized levels, ability to redeploy and prepare vehicles for sale in a cost-efficient manner, worsening of market demand for used vehicles or greater than expected negative effects of excess inventory levels impacting current pricing, residual values and our anticipated proportion of retail versus wholesale sales, lack of customer demand for on-demand maintenance, higher than expected maintenance costs from new engine technology or lower than expected benefits from maintenance initiatives, decreases in freight demand or volumes, poor operational execution particularly with start-ups and new product launches, our ability to obtain adequate profit margins for our services, our inability to maintain current pricing levels due to soft economic conditions, uncertainty and instability in the global economic market, business interruptions or expenditures due to severe weather or natural occurrences, competition from other service providers and new entrants, customer retention levels, loss of key customers, driver and technician shortages resulting in higher procurement costs and turnover rates, unexpected bad debt reserves or write-offs, changes in customers’ business environments that will limit their ability to commit to long-term vehicle leases, a decrease in credit ratings, increased debt costs, adequacy of accounting estimates, reserves and accruals particularly with respect to pension, taxes, depreciation, insurance and revenue, sudden or unusual changes in fuel prices, unanticipated currency exchange rate fluctuations, our ability to manage our cost structure, and the risks described in our filings with the Securities and Exchange Commission. The risks included here are not exhaustive. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Note Regarding Non-GAAP Financial Measures: This presentation includes certain non-GAAP financial measures as defined under SEC rules, including:

Comparable Earnings Measures,which consist of comparable earnings from continuing operations, comparable earnings per share from continuing operations (as well as forecasts), comparable earnings before income tax and comparable tax rate. Additionally, our adjusted return on average capital (ROC) and adjusted return on capital spread (ROC spread) measures are calculated based on comparable earnings items.
Operating Revenue Measures, which consist of operating revenue and operating revenue growth excluding foreign exchange for Ryder and its business segments, and segment EBT as a percentage of operating revenue.
Cash Flow Measures, which consist of total cash generated and free cash flow.
Debt Measures, including total obligations and total obligations to equity.
Refer to Appendix - Non-GAAP Financial Measures for reconciliations of the non-GAAP financial measures contained in this presentation to the nearest GAAP measure. Additional information regarding non-GAAP financial measures as required by Regulation G and Item 10(e) of Regulation S-K can be found in our most recent Form 10-K, Form 10-Q and our Form 8-K filed with the SEC as of the date of this presentation, which are available at investors.ryder.com

 

Stock Quote: NYSE

Price 69.40

Change +0.89

Volume 487,637

% Change +1.3%

Intraday High 69.64

52 Week High 85.42

Intraday Low 68.47

52 Week Low 56.98

Today's Open 68.80

Previous Close 68.51

Jun 26, 2017 04:02 PM Pricing delayed 20 minutes