Ryder Q1 Earnings Meet Expectations, Revenue Up 1.1% YoY

Ryder (NYSE:R) reported Q1 CY2025 revenue of $3.13 billion, up 1.1% YoY, and a GAAP profit of $2.27 per share, 0.6% above consensus estimates. Adjusted EBITDA was $671 million, with a 21.4% margin, and free cash flow was $259 million, up from -$160 million in the same quarter last year. Market capitalization was $5.76 billion.

Ryder (NYSE:R) reported mixed Q1 results for CY2025, with non-GAAP EPS of $2.46, beating by $0.07, and revenue of $3.13 billion, up 1.3% year-over-year (YoY), but $10 million below expectations. Operating revenue (non-GAAP) of $2.6 billion, up 2%, reflected prior year acquisition and contractual revenue growth in Supply Chain Solutions (SCS) and Fleet Management Solutions (FMS), partially offset by lower commercial rental revenue. The company also provided an updated outlook for FY25, projecting an adjusted return on equity (ROE) of 16.5% - 17.5%, comparable EPS of $12.85 - $13.60, and operating revenue growth of 1% [1].

The company expects net cash provided by operating activities from continuing operations to be $2.5 billion and free cash flow (non-GAAP) of positive $375 - $475 million for FY25. Total revenue growth is projected to be around 1%, with operating revenue growth (non-GAAP) also expected to be 1%. For 2Q25, the company forecasts GAAP EPS of $2.85 - $3.10 and non-GAAP comparable EPS of $3.00 - $3.25, slightly above the $3.24 consensus estimate [1].

Enphase Energy (NASDAQ:ENPH), a leading provider of solar micro-inverter technology, also reported mixed Q1 results for CY2025, with revenue growth of 35.2% YoY to $356.1 million, but falling short of Wall Street's expectations. The company's guidance for the next quarter's revenue at $360 million also underwhelmed, coming in 4% below analysts' estimates. Despite these setbacks, Enphase's non-GAAP profit of $0.68 per share was 6% below the consensus estimates, reflecting ongoing challenges in meeting market expectations. The company's stock price dropped 11.4% to $47.42 immediately after the announcement [2].

Both companies are navigating challenging market conditions, with Enphase facing a cyclical downturn in the renewable energy market and Ryder dealing with increased uncertainty. Despite these challenges, both companies remain optimistic about their long-term prospects, with Enphase expecting an 18.6% year-on-year increase in sales for the upcoming quarter and Ryder projecting strong growth for FY25. Investors should closely monitor these companies' ability to manage through these challenges and execute on their growth plans.

References:
[1] https://seekingalpha.com/news/4433879-ryder-reports-mixed-q1-results-initiates-q2-and-updates-fy25-outlook
[2] https://www.indexbox.io/blog/enphase-energys-q1-cy2025-financial-performance-mixed-results-amid-market-challenges/