Ryder 10-Q Details Q3 EPS of $4.16 and Flags ~$240M Q4 Pension Settlement Charge
R sits 68% above its 52-week low of $157.67 on elevated volume (2.1× avg).
Summary
Ryder's Q3 10-Q backs up this morning's beat-and-raise with full financials, and discloses an expected ~$240 million non-cash Q4 pension settlement charge ($4.30 per share) that will hit GAAP but not cash earnings.
Key Events · Earnings and Guidance · R
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Q3 Earnings Beat Confirmed in Full Filing
Total revenue of $3,433 million rose 8% and EBT of $226 million rose 19%; diluted EPS from continuing operations was $4.16, up 25% from $3.33.
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Free Cash Flow Doubles Year Over Year
Nine-month operating cash flow was $1,985 million and free cash flow $992 million, versus $496 million in the prior year, on lower capital spending of $1,375 million.
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Q4 Pension Settlement Charge of ~$240M
Ryder expects ~$240 million ($4.30 per share) of non-cash, pre-tax charges in Q4 2026 from settling the U.K. (~$299 million obligation) and Canadian (~$39 million) plans; the charges do not affect cash or shareholders' equity.
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Debt Cut and Buybacks Funded
Total debt fell to $7,205 million from $7,645 million, including a $500 million 5.00% note issued in August 2026; 1.7 million shares were repurchased for $372 million in the nine months.
Analysis · R · Trade & Services
The headline numbers — Q3 comparable EPS of $4.33, up 21%, and raised full-year guidance of $14.85-$15.05 — were already out this morning via 8-K and news, so the earnings surprise itself is priced. What the 10-Q adds is the full balance sheet and cash flow picture plus a new item: Ryder expects roughly $240 million ($4.30 per share) of non-cash, pre-tax pension settlement charges in Q4 2026 as it winds down its U.K. and Canadian defined benefit plans. That charge hits GAAP EPS but not cash or shareholders' equity, so it will widen the gap between reported and comparable earnings next quarter. Cash generation is the stronger part of the story: nine-month operating cash flow of $1,985 million and free cash flow of $992 million, double last year's $496 million, funded $372 million of buybacks and a $440 million net debt reduction.
How filings like this one have moved
In the 30 days to Oct 24, 2026, 29.4% of the 1482 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.14%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, R was trading at $265.53 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $157.67 to $284.25. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.