NYSE$SNDR

Schneider National Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Schneider National reported strong Q1 2022 results driven by revenue management, new dedicated business, and growth in Intermodal and Logistics segments.

Schneider National reported Q1 2022 operating revenues of $1.6 billion, a 32% increase compared to Q1 2021. Diluted earnings per share were $0.52, and adjusted diluted earnings per share were $0.57. The company increased its full-year adjusted diluted earnings per share guidance to $2.55 - $2.70.

  • Operating revenues increased by 32% to $1.6 billion.
  • Diluted earnings per share increased to $0.52.
  • Intermodal segment revenue per order grew by 16%.
  • Logistics segment delivered a record operating ratio of 92.3%.

Headline financials

Total Revenue

$1.62B

Previous: $1.23B+31.9%
EPS (adj)

$0.57

Previous: $0.31+83.9%
Truckload Rev per Truck per Week

$4.19K

Previous: $3.71K+13.0%
Total Truckload Avg Trucks

10.3K

Previous: 9.5K+8.0%
Truckload Avg Company Trucks

8.2K

Previous: 7.1K+16.4%
Truckload Avg Owner-Op Trucks

2.1K

Previous: 2.5K-15.9%
Truckload Trailers

40.5K

Previous: 36.8K+9.9%
Intermodal Orders

110.2K

Previous: 108.8K+1.3%
Intermodal Containers

27.4K

Previous: 21.8K+25.8%
Intermodal Trucks

1.6K

Previous: 1.6K-2.0%
Intermodal Rev per Order

$2.68K

Previous: $2.3K+16.5%
Capital Expenditures

-$60.3M

Previous: -$19M-217.4%
Free Cash Flow

$31.8M

Previous: $35.8M-11.2%
Net Income

$92.1M

Previous: $54.8M+68.1%
Operating Income

$135M

Previous: $76.2M+77.3%
Gross Profit

$1.53B

Previous: $1.09B+40.1%
Cash & Equivalents

$273M

Previous: $472M-42.3%
Total Assets

$4.09B

Previous: $3.61B+13.1%
Stock-Based Comp

$5.8M

Previous: $5.2M+11.5%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.62B

Q1 2022+31.9%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Schneider National · $1.62B total across 6 segments · Q1 2022

  • Truckload
    $548M+21.4%
  • Logistics
    $546M+53.3%
  • Intermodal
    $302M+18.1%
  • Fuel surcharge
    $166M+84.0%
  • Other
    $85.3M-13.3%
  • Inter-segment eliminations
    -$27M-15.4%

Forward guidance

Schneider anticipates steady improvements to network and supply chain fluidity throughout 2022 and updated full year adjusted diluted earnings per share guidance is $2.55 - $2.70. Full year guidance for net capital expenditures is updated to $500 million.

Tailwinds

  • Steady improvements to network and supply chain fluidity throughout 2022.
  • Updated full year adjusted diluted earnings per share guidance is $2.55 - $2.70.
  • Increased from prior guidance of $2.35 - $2.55.
  • Full year guidance for net capital expenditures is updated to $500 million.
  • Up from approximately $450 million.

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 2022

Historical avgQ1 2022

+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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