NYSE$SNDR

Schneider National Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported the most profitable period in the company's history.

Schneider National reported a strong third quarter in 2021, achieving the most profitable period in its history. The company's operating revenues increased by 27% compared to the same quarter in 2020, and diluted earnings per share increased by 148%.

  • Operating revenues increased to $1.4 billion from $1.1 billion in 2020.
  • Income from operations increased to $153.7 million from $63.3 million in 2020.
  • Diluted earnings per share increased to $0.62 from $0.25 in 2020.
  • Full year Adjusted Diluted Earnings per Share guidance increased to $2.13 - $2.17

Headline financials

Total Revenue

$1.44B

Previous: $1.14B+27.2%
EPS (adj)

$0.62

Previous: $0.31+100.0%
Truckload Rev per Truck per Week

$4.06K

Previous: $3.53K+15.0%
Total Truckload Avg Trucks

9.2K

Previous: 10.1K-8.7%
Truckload Avg Company Trucks

6.9K

Previous: 7.3K-5.2%
Truckload Avg Owner-Op Trucks

2.3K

Previous: 2.8K-17.7%
Truckload Trailers

36.4K

Previous: 36.7K-0.6%
Intermodal Orders

111.8K

Previous: 110.6K+1.1%
Intermodal Containers

23.8K

Previous: 21.7K+9.4%
Intermodal Trucks

1.6K

Previous: 1.6K-0.8%
Intermodal Rev per Order

$2.62K

Previous: $2.19K+19.6%
Capital Expenditures

-$297M

Previous: -$132M-125.4%
Free Cash Flow

-$187M

Previous: -$87.2M-114.3%
Net Income

$110M

Previous: $44.5M+147.2%
Operating Income

$154M

Previous: $63.3M+142.8%
Gross Profit

$1.34B

Previous: $991M+34.8%
Cash & Equivalents

$504M

Previous: $769M-34.4%
Total Assets

$3.87B

Previous: $3.85B+0.4%
Stock-Based Comp

$3.1M

Previous: $2M+55.0%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.44B

Q3 2021+27.2%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Schneider National · $1.47B total across 5 segments · Q3 2021

  • Truckload
    $484M+5.3%
  • Logistics
    $475M+66.9%
  • Intermodal
    $296M+19.0%
  • Fuel surcharge
    $114M+56.7%
  • Other
    $98M+14.6%

Forward guidance

The company anticipates continued strong demand throughout the fourth quarter and expects to carry strong momentum into 2022, as it anticipates robust freight conditions likely through the upcoming year.

Tailwinds

  • Continued strong demand throughout the fourth quarter
  • Strong momentum into 2022
  • Robust freight conditions likely through the upcoming year
  • Updated guidance of $2.13 - $2.17 for full year adjusted diluted earnings per share

Headwinds

  • Net capital expenditures now expected approximately $300 million, which is lower than prior guidance due to higher proceeds from equipment sales, as well as modest delays in equipment deliveries.

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 Q3 2021

Historical avgQ3 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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