NYSE$SNDR

Schneider National Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Schneider National's Q2 2024 performance reflected progress toward market equilibrium, with moderate seasonality and a tightening spot market. Cost containment and asset efficiency contributed to sequentially improved performance across Truckload, Intermodal, and Logistics segments.

Schneider National, Inc. reported Q2 2024 operating revenues of $1.3 billion, a slight decrease from $1.3 billion in 2023. Income from operations was $51.0 million, down from $103.8 million in the previous year. Diluted earnings per share were $0.20, with an adjusted diluted earnings per share of $0.21. The company updated its full-year adjusted diluted earnings per share guidance to $0.80 - $0.90 and net capital expenditures guidance to $300.0 - $350.0 million.

  • Operating revenues reached $1.3 billion, slightly below the $1.3 billion reported in 2023.
  • Income from operations decreased to $51.0 million, compared to $103.8 million in the same quarter of the previous year.
  • Diluted earnings per share were $0.20, with adjusted diluted earnings per share at $0.21.
  • Full-year adjusted diluted earnings per share guidance was updated to $0.80 - $0.90, and net capital expenditures guidance was revised to $300.0 - $350.0 million.

Headline financials

Total Revenue

$1.32B

Previous: $1.35B-2.2%
EPS

$0.20

Previous: $0.45-55.6%
Truckload Rev per Truck per Week

$3.93K

Previous: $4.01K-1.8%
Total Truckload Avg Trucks

10.7K

Previous: 10.4K+2.9%
Truckload Avg Company Trucks

9.1K

Previous: 8.4K+8.1%
Truckload Avg Owner-Op Trucks

1.6K

Previous: 2.0K-19.1%
Truckload Trailers

47.2K

Previous: 44.7K+5.5%
Intermodal Orders

103.1K

Previous: 102.6K+0.5%
Intermodal Containers

26.7K

Previous: 27.4K-2.6%
Intermodal Trucks

1.4K

Previous: 1.6K-10.2%
Intermodal Rev per Order

$2.45K

Previous: $2.57K-4.9%
Dedicated Rev per Truck per Week

$4.03K

No prior period
Dedicated Avg Trucks

6.7K

No prior period
Network Rev per Truck per Week

$3.78K

No prior period
Network Avg Trucks

4.0K

No prior period
Truckload Operating Ratio

94.3%

No prior period
Intermodal Operating Ratio

94.2%

No prior period
Logistics Operating Ratio

96.5%

No prior period
Capital Expenditures

-$220M

Previous: -$344M+36.0%
Free Cash Flow

-$185M

Previous: -$267M+30.6%
Net Income

$35.3M

Previous: $77.5M-54.5%
Operating Income

$51M

Previous: $104M-50.9%
Gross Profit

$1.16B

Previous: $1.21B-3.8%
Cash & Equivalents

$103M

Previous: $249M-58.6%
Total Assets

$4.55B

Previous: $4.45B+2.1%
Stock-Based Comp

$4M

Previous: $4.1M-2.4%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.32B

Q2 2024-2.2%vs Q2 2023
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Schneider National · $1.38B total across 5 segments · Q3 2023

  • Truckload
    $535M-6.3%
  • Logistics
    $326M-29.8%
  • Intermodal
    $263M-21.4%
  • Fuel surcharge
    $173M-26.1%
  • Other
    $78.4M-19.4%

Forward guidance

The company updated its full year 2024 adjusted diluted earnings per share guidance to a range of $0.80 - $0.90, as well as net capital expenditures guidance to a range of $300 - $350 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 2024

Historical avgQ2 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

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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