Ryder System, Inc. (NYSE:R) Q2 2015 Earnings Conference Call - Final Transcript

Jul 23, 2015 • 11:00 am ET

Previous

Ryder System, Inc. (NYSE:R) Q2 2015 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Executive
Robert Sanchez

we're expecting revenue and earnings growth rates to slow in the second half, reflecting network redesigns at some customers and some lost business.

In the dedicated segment, we expect high-single digit revenue growth and improved earnings comparisons in the second half driven by new sales and improved self-insurance expense. Our third quarter comparable EPS forecast is $1.82 to $1.87 versus the prior-year of $1.63.

Based on our second quarter performance, we're raising the low end of our full-year comparable EPS forecast range. The new range is $1.64 to $1.55 per share compared to the previous range of $6.40 to $6.55 a share. This represents a year-over-year increase of 16% to 17%. Let me correct that. The new range is $6.45 to $6.55 per share compared to the previous range of $6.40 to $6.55 a share. This represents a year-over-year increase of 16% to 17%.

That concludes our prepared remarks for this morning. At this time, I'll turn it over to the operator to open up the line for questions. In order to give everyone an opportunity, I'd ask that you limit yourself to one question and one related follow-up if clarification is needed. If you have additional questions, you're welcome to get back in the queue and we'll take as many calls as we can.