Ryder System, Inc. (NYSE:R) Q3 2022 Results Conference Call October 26, 2022 11:00 AM ET

Company Participants

Bob Brunn - Senior Vice President, Investor Relations and Corporate Strategy

Robert Sanchez - Chairman and Chief Executive Officer

John Diez - Executive Vice President and Chief Financial Officer

Tom Havens - President of Global Fleet Management Solutions

Steve Sensing - President of Global Supply Chain Solutions and Dedicated Transportation

Conference Call Participants

Jordan Alliger - Goldman Sachs

Scott Group - Wolfe Research

Allison Poliniak - Wells Fargo

Brian Ossenbeck - JPMorgan

Todd Fowler - KeyBanc Capital Markets

Bert Subin - Stifel

Justin Long - Stephens

Jeff Kauffman - Vertical Research Partners

Operator

Good morning and welcome to the Ryder System Third Quarter 2022 Earnings Release Conference Call. All lines are in a listen-only mode until after the presentation. Today's call is being recorded. If you have any objections, please disconnect at this time.

I would now like to introduce Mr. Bob Brunn, Senior Vice President, Investor Relations and Corporate Strategy for Ryder. Mr. Brunn, you may begin.

Bob Brunn

Thanks very much. Good morning and welcome to Ryder's third quarter 2022 earnings conference call. I'd like to remind you that during this presentation, you'll hear some forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances.

Actual results may differ materially from these expectations due to changes in economic, business, competitive, market, political and regulatory factors. More detailed information about these factors and a reconciliation of each non-GAAP financial measure to the nearest GAAP measure is contained in this morning's earnings release, earnings call presentation and in Ryder's filings with the Securities and Exchange Commission, which are all available on Ryder's website.

Presenting on today's call are Robert Sanchez, Chairman and Chief Executive Officer; and John Diez, Executive Vice President and Chief Financial Officer. Additionally, Tom Haven, President of Global Fleet Management Solutions; and Steve Sensing, President of Global Supply Chain Solutions and Dedicated Transportation, are on the call today and available for questions following the presentation.

With that, let me turn it over to Robert.

Robert Sanchez

Good morning, everyone, and thanks for joining us. I'm very pleased with this quarter's record earnings, which reflects growth in all three business segments. I'm also excited to update you on the significant progress we continue to make on our strategy to increase core earnings and create long-term shareholder value. I'll begin the call by providing you with a strategic update. John will then take you through our third quarter results, which exceeded our expectations again this quarter. We'll then discuss our outlook and review how we position the business to deliver on our targets over the long term.