NYSE$SNDR

Schneider National Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter 2021 results, demonstrating growth in revenue and earnings per share.

Schneider National reported a strong second quarter in 2021, with operating revenues of $1.4 billion and diluted earnings per share of $0.60. The company's asset-light segments accounted for 60% of revenues, and the Truckload segment's operating ratio improved significantly. Updated full year Adjusted Diluted Earnings per Share guidance to $1.85 - $1.95

  • Operating revenues increased by 32% to $1.4 billion compared to Q2 2020.
  • Income from operations rose by 98% to $125.8 million compared to Q2 2020.
  • Diluted earnings per share increased by 131% to $0.60 compared to Q2 2020.
  • Truckload segment operating ratio improved 700 basis points from the first quarter of 2021 to 84.5%.

Headline financials

Total Revenue

$1.36B

Previous: $1.03B+31.8%
EPS (adj)

$0.60

Previous: $0.26+130.8%
Truckload Rev per Truck per Week

$3.99K

Previous: $3.43K+16.0%
Total Truckload Avg Trucks

9.3K

Previous: 10.2K-9.3%
Truckload Avg Company Trucks

6.9K

Previous: 7.4K-5.9%
Truckload Avg Owner-Op Trucks

2.4K

Previous: 2.9K-18.0%
Truckload Trailers

36.5K

Previous: 36.1K+1.0%
Intermodal Orders

113.9K

Previous: 98.4K+15.8%
Intermodal Containers

22.2K

Previous: 21.2K+4.8%
Intermodal Trucks

1.7K

Previous: 1.5K+14.7%
Intermodal Rev per Order

$2.4K

Previous: $2.15K+11.8%
Capital Expenditures

-$154M

Previous: -$83.3M-84.4%
Free Cash Flow

-$47.1M

Previous: -$36.8M-28.0%
Net Income

$107M

Previous: $46.5M+129.0%
Operating Income

$126M

Previous: $63.4M+98.4%
Gross Profit

$1.24B

Previous: $803M+55.0%
Cash & Equivalents

$491M

Previous: $714M-31.3%
Total Assets

$3.77B

Previous: $3.78B-0.3%
Stock-Based Comp

$3M

Previous: $1M+200.0%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.36B

Q2 2021+31.8%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Schneider National · $1.36B total across 6 segments · Q2 2021

  • Truckload
    $475M+5.3%
  • Logistics
    $431M+86.5%
  • Intermodal
    $274M+25.1%
  • Fuel surcharge
    $110M+60.4%
  • Other
    $88.5M-1.4%
  • Inter-segment eliminations
    -$17.8M+33.3%

Forward guidance

The company anticipates the excess demand condition to continue through the remainder of the year. Updated full year adjusted diluted earnings per share forecast is $1.85 - $1.95, up from prior guidance of $1.60 - $1.70. Updated full year net capital expenditures guidance range is $325 million to $350 million, compared to prior guidance range of $375 million to $425 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 Q2 2021

Historical avgQ2 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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