NYSE$SNDR
Schneider National Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Schneider National's Q1 2024 results were impacted by the ongoing freight recession, though some progress was observed in market dynamics and commercial efforts. The company focused on improving asset productivity, maintaining price discipline, and executing cost initiatives.
Schneider National reported Q1 2024 operating revenues of $1.3 billion, a decrease of 8% compared to $1.4 billion in Q1 2023. Income from operations decreased significantly to $28.7 million from $114.6 million in the same period last year. Diluted earnings per share were $0.10, with an adjusted diluted earnings per share of $0.11. The company updated its full-year adjusted diluted earnings per share guidance to $0.85 - $1.00 and net capital expenditures guidance to $350.0 - $400.0 million.
- Operating revenues decreased by 8% year-over-year to $1.3 billion due to freight recession pressures.
- Income from operations saw a significant decrease of 75% to $28.7 million.
- Diluted earnings per share decreased to $0.10, with adjusted diluted earnings per share at $0.11.
- Full-year adjusted diluted earnings per share guidance updated to $0.85 - $1.00, and net capital expenditures guidance updated to $350.0 - $400.0 million.
Headline financials
Revenue & EPS history
Schneider National · Revenue · Quarterly
$1.32B
Revenue by segment
Schneider National · $1.38B total across 5 segments · Q3 2023
- Truckload$535M-6.3%38.9%
- Logistics$326M-29.8%23.7%
- Intermodal$263M-21.4%19.1%
- Fuel surcharge$173M-26.1%12.5%
- Other$78.4M-19.4%5.7%
Forward guidance
Schneider updated its full year 2024 adjusted diluted earnings per share guidance to $0.85 - $1.00 and net capital expenditures guidance to $350.0 - $400.0 million.
Tailwinds
- Actively managing costs across the business.
- Pursuing margin improvement.
- Continuing to focus on strategic growth areas of Dedicated, Intermodal, and Logistics.
- Believes the cycle is closer to its end than its beginning.
- Anticipate improving conditions as the year progresses.
Headwinds
- Challenging freight market conditions have persisted for longer than originally contemplated.
- Tempered outlook on the timing of the recovery.
- First quarter results impacted by freight recession.
- Lower network pricing and volumes year over year impacted truckload segment.
- Decreased revenue per order and lower brokerage volume affected logistics segment.
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 2024
+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% |
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