Ryder System, Inc. (NYSE:R) Q2 2019 Earnings Conference Call Transcript

Jul 30, 2019 • 11:00 am ET


Ryder System, Inc. (NYSE:R) Q2 2019 Earnings Conference Call Transcript


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Robert S. Brunn

primarily due to the ongoing impacts from used vehicle sales.

Supply Chain EBT percent is currently within the segment's 8% to 9% target range and is expected to remain in the target range over the balance of the year, reflecting the benefits from operational improvements in previously under performing accounts. We are raising our 2019 forecast for Dedicated's EBT percent from yellow to green status. We've made operational improvements and addressed the challenging prior year startup that have improved our return outlook for this business.

Our return on capital spread is now expected to breakeven this year due to our revised used vehicle outlook. Finally, we expect leverage to remain within our target range of 250% to 300%.

That concludes our prepared remarks 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, please limit yourself to one question each. If you have additional questions, you're welcome to get back in the queue and we'll take as many calls as we can.