What caused R's EPS to decline in Q3 and Q4 2024?

Ryder System's EPS declined in Q3 and Q4 2024 due to a combination of factors: 1. **Revenue Shortfall**: In Q4 2024, total revenue fell short of forecasts, coming in at $3.2 billion compared to the estimated $3.2 billion. This shortfall, coupled with a decline in revenue from Fleet Management Solutions and Supply Chain Solutions, contributed to the lower EPS. 2. **Comparative Performance**: When comparing the current quarter's revenue to the prior year, there are notable differences. For instance, sales declined 2% year-on-year to $3.02 billion in Q4 2023, which beat the consensus of $2.98 billion. This indicates that the revenue decline is not an isolated incident but part of a trend affecting the company's financial performance over the past few quarters. In summary, the decline in EPS for Ryder System in Q3 and Q4 2024 is primarily due to a shortfall in revenue and a decline in revenue from key segments, despite some positive variances in EPS exceeding estimates.