Ryder System, Inc. (R) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Ryder System, Inc. ( R ) Morgan Stanley's 14th Annual Laguna Conference September 16, 2026 4:50 PM EDT Company Participants Cristina Gallo-Aquino - CFO, EVP & Principal Accounting Officer Presentation Unknown Analyst Fantastic. Let's keep it going here, but also change gears a little bit. And very happy to welcome back to Laguna again, Ryder and very happy to have EVP and CFO, Cristina Gallo-Aquino. Thank you so much for being here. Cristina Gallo-Aquino CFO, EVP & Principal Accounting Officer All right. Thank you for having me. Question-and-Answer Session Unknown Analyst So plenty to talk about, given your diversification, given all your segments and kind of obviously, a lot of the tech trends as well. But maybe let's just start at a high level kind of when you look across the business right now and look at the cycle, which obviously has been a big topic of discussion here at this conference so far. How do you see things? Cristina Gallo-Aquino CFO, EVP & Principal Accounting Officer Yes. Well, we've done a lot to transform our business, as you said. And we've had 7 consecutive quarters of earnings growth. And really, we've done that by consistent execution on our balanced growth strategy, which we've been talking about for quite a few years. And it's great to see now how that strategy has demonstrated that we have a very resilient business model that has been able to perform well during the last few years of this freight downturn. So what we've done is really what we've created a structural change in the business. And we think it's provided the right foundation, a solid foundation with good quality contracts that's really going to lead us into the next phase of this market and the recovery when it comes. We've all been anxiously awaiting.