NYSE$SNDR
Schneider National Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Schneider National's financial performance in Q1 2023 was characterized by muted demand and pricing pressures, yet the company achieved the second-highest first-quarter revenue and earnings in its history.
Schneider National reported Q1 2023 operating revenues of $1.4 billion, a decrease from $1.6 billion in 2022. Diluted earnings per share were $0.55, compared to $0.52 in the previous year. The company anticipates challenging freight conditions for the second and third quarters of 2023, with potential seasonal improvement in the fourth quarter.
- Operating revenues decreased by 12% to $1.4 billion compared to Q1 2022.
- Diluted earnings per share increased to $0.55 from $0.52 in the prior year.
- Truckload revenues (excluding fuel surcharge) decreased by 2% to $537.0 million.
- Logistics revenues (excluding fuel surcharge) decreased by 30% to $382.2 million.
Headline financials
Revenue & EPS history
Schneider National · Revenue · Quarterly
$1.43B
Revenue by segment
Schneider National · $1.43B total across 6 segments · Q1 2023
- Truckload$537M-2.1%37.6%
- Logistics$382M-30.0%26.8%
- Intermodal$266M-11.9%18.6%
- Fuel surcharge$179M+8.0%12.5%
- Other$92.2M+8.1%6.5%
- Inter-segment eliminations-$28M-3.7%-2.0%
Forward guidance
Schneider National updated its full-year 2023 adjusted diluted EPS guidance to $2.00 - $2.20, anticipating that the challenging freight environment will persist longer than original forecasts.
Tailwinds
- Customer inventories are rationalizing.
- Industry capacity levels continue to rationalize.
- Dedicated operations are performing well.
- Intermodal opportunities are augmented by a new rail partnership with Canadian Pacific Kansas City.
- Strategic alignments with the Union Pacific and CSX are in place.
Headwinds
- Freight conditions are expected to remain difficult for the second and third quarters of 2023.
- Market conditions are characterized by muted demand.
- Lack of seasonal surges is pressuring pricing.
- Freight volumes are under pressure.
- Asset productivity is under pressure.
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 2023
+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
| Quarter | Report date | Reaction (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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro