NYSE$SNDR

Schneider National Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Schneider National reported strong Q1 2021 results, driven by its multi-modal portfolio and effective yield management, despite weather disruptions and capacity challenges.

Schneider National, Inc. reported a strong first quarter with operating revenues of $1.2 billion and diluted earnings per share of $0.31. The company's multi-modal strategy and effective yield management contributed to the most profitable first quarter in its history, despite weather-related disruptions and capacity constraints.

  • Achieved the most profitable first quarter in company history.
  • Truckload segment demonstrated effective yield management and dedicated new business growth.
  • Intermodal segment experienced 23% year-over-year earnings growth, driven by Eastern operations.
  • Logistics segment achieved record first quarter revenue and earnings.

Headline financials

Total Revenue

$1.23B

Previous: $1.12B+9.8%
EPS (adj)

$0.31

Previous: $0.24+29.2%
Truckload Rev per Truck per Week

$3.71K

Previous: $3.56K+4.1%
Total Truckload Avg Trucks

9.5K

Previous: 10.2K-6.5%
Truckload Avg Company Trucks

7.1K

Previous: 7.3K-3.3%
Truckload Avg Owner-Op Trucks

2.5K

Previous: 2.9K-14.8%
Truckload Trailers

36.8K

Previous: 35.7K+3.2%
Intermodal Orders

108.8K

Previous: 106.6K+2.1%
Intermodal Containers

21.8K

Previous: 22.0K-0.9%
Intermodal Trucks

1.6K

Previous: 1.5K+6.5%
Intermodal Rev per Order

$2.3K

Previous: $2.17K+5.8%
Capital Expenditures

-$19M

Previous: -$22.2M+14.4%
Free Cash Flow

$35.8M

Previous: $21.6M+65.7%
Net Income

$54.8M

Previous: $43.8M+25.1%
Operating Income

$76.2M

Previous: $54.9M+38.8%
Gross Profit

$1.09B

Previous: $848M+28.8%
Cash & Equivalents

$472M

Previous: $601M-21.4%
Total Assets

$3.61B

Previous: $3.71B-2.7%
Stock-Based Comp

$5.2M

Previous: $2.4M+116.7%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.23B

Q1 2021+9.8%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Schneider National · $1.23B total across 6 segments · Q1 2021

  • Truckload
    $452M-3.8%
  • Logistics
    $356M+48.5%
  • Intermodal
    $256M+7.5%
  • Other
    $98.4M-1.0%
  • Fuel surcharge
    $90.2M-12.4%
  • Inter-segment eliminations
    -$23.4M+22.8%

Forward guidance

The company anticipates strong demand, improved intermodal network fluidity, and constrained driver capacity throughout 2021. The updated full year adjusted diluted earnings per share guidance is $1.60 - $1.70, and the full year guidance for net capital expenditures is updated to a range of $375 million to $425 million subject to potential OEM supply chain issues.

Tailwinds

  • Strong demand anticipated
  • Improved intermodal network fluidity expected
  • Constrained driver capacity expected
  • Adjusted diluted earnings per share guidance updated to $1.60 - $1.70
  • Full year guidance for net capital expenditures updated to a range of $375 million to $425 million

Headwinds

  • Potential OEM supply chain issues

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.1%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.5%

Avg return

30 days after

61%

25 / 41 earnings

Positive

+8.2%

Q4 2022

Best reaction

-12.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.3%-1.1%+16.3%
Q4 2025-9.7%+2.1%-4.5%
Q3 2025-10.5%-3.1%-0.1%
Q1 2025-1.0%+4.7%+6.8%
Q4 2024+1.4%-0.8%-11.4%
Q3 2024+4.9%+9.5%+8.2%
Q2 2024+2.8%+4.0%+0.7%
Q1 2024+4.5%+5.1%+6.6%
Q4 2023-1.3%-1.2%-6.5%
Q3 2023-12.7%-12.9%-5.3%
Q2 2023+0.7%-0.3%-5.4%
Q1 2023+2.4%+3.2%+2.7%
Q4 2022+8.2%+11.3%+6.6%
Q3 2022-1.7%+1.3%+16.1%
Q2 2022+5.1%+0.1%-0.5%
Q1 2022+3.4%+6.9%+6.5%
Q4 2021-3.1%-1.9%+2.8%
Q3 2021+1.2%+2.9%+3.0%
Q2 2021+6.1%+3.8%+7.8%
Q1 2021+2.1%+6.7%+3.2%
Q4 2020+1.5%+1.8%+14.6%
Q3 2020-3.4%+1.4%-6.7%
Q2 2020+0.4%+2.0%+8.6%
Q1 2020+0.1%-3.7%+8.5%
Q4 2019+3.8%+1.2%-20.7%
Q3 2019+4.3%+5.4%-0.1%
Q2 2019+0.6%-1.1%+0.7%
Q1 2019+2.5%-1.4%-17.2%
Q4 2018+0.4%+4.4%+1.1%
Q3 2018+0.0%+2.9%+2.1%
Q2 2018+4.4%+4.9%+3.6%
Q1 2018-0.9%-0.3%+10.3%
Q4 2015-5.4%-5.5%-4.6%
Q4 2017-0.7%-7.3%-11.8%
Q3 2016+1.1%-0.9%+9.0%
Q3 2017-1.9%-2.7%+6.5%
Q2 2016-1.4%-1.3%+2.9%
Q2 2017-1.4%-1.3%+2.9%
Q1 2016-2.2%-2.6%+12.3%
Q4 2016-2.2%-2.6%+12.3%
Q1 2017+1.0%+2.1%+16.1%

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