NYSE$SNDR

Schneider National Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Schneider National reported solid earnings performance driven by its multimodal platform and strategic growth offerings.

Schneider National reported operating revenues of $1.7 billion, a 28% increase compared to Q2 2021. Diluted earnings per share were $0.73, and adjusted diluted earnings per share was $0.72. The company increased its full year adjusted diluted earnings per share guidance to $2.60 - $2.70.

  • Enterprise income from operations increased by 40% compared to the same quarter in 2021.
  • Dedicated operated over 6,000 tractors, an increase of over 40% from a year ago.
  • Logistics segment achieved record earnings of $47.3 million, a 178% increase, on 21% growth in revenue over a year ago.
  • Intermodal container count grew 28% compared to the same quarter a year ago.

Headline financials

Total Revenue

$1.75B

Previous: $1.36B+28.4%
EPS (adj)

$0.72

Previous: $0.60+20.0%
Truckload Rev per Truck per Week

$4.24K

Previous: $3.99K+6.4%
Total Truckload Avg Trucks

10.5K

Previous: 9.3K+12.7%
Truckload Avg Company Trucks

8.5K

Previous: 6.9K+22.3%
Truckload Avg Owner-Op Trucks

2.0K

Previous: 2.4K-15.6%
Truckload Trailers

41.2K

Previous: 36.5K+12.9%
Intermodal Orders

119.6K

Previous: 113.9K+5.0%
Intermodal Containers

28.4K

Previous: 22.2K+28.0%
Intermodal Trucks

1.6K

Previous: 1.7K-8.0%
Intermodal Rev per Order

$2.79K

Previous: $2.4K+16.2%
Capital Expenditures

-$159M

Previous: -$154M-3.5%
Free Cash Flow

-$29.2M

Previous: -$47.1M+38.0%
Net Income

$130M

Previous: $107M+21.9%
Operating Income

$177M

Previous: $126M+40.4%
Gross Profit

$1.59B

Previous: $1.24B+28.2%
Cash & Equivalents

$331M

Previous: $491M-32.5%
Total Assets

$4.22B

Previous: $3.77B+12.1%
Stock-Based Comp

$3M

Previous: $3M+0.0%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.75B

Q2 2022+28.4%vs Q2 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Schneider National · $1.75B total across 6 segments · Q2 2022

  • Truckload
    $572M+20.3%
  • Logistics
    $521M+21.0%
  • Intermodal
    $335M+22.3%
  • Fuel surcharge
    $249M+126.0%
  • Other
    $91.6M+3.5%
  • Inter-segment eliminations
    -$21.7M-21.9%

Forward guidance

The company's updated full year adjusted diluted earnings per share guidance is $2.60 - $2.70, an increase from the prior guidance of $2.55 - $2.70, based on expectations for moderating, yet stable, freight fundamentals throughout the remainder of 2022. Full year guidance for net capital expenditures remains at approximately $500 million, subject to OEM supply chain constraints.

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 2022

Historical avgQ2 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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