NYSE$SNDR

Schneider National Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Schneider National's Q4 2019 results reflected solid performance amidst a muted seasonal peak, driven by core Truckload and Intermodal segments, with Logistics growth moderating rate compression.

Schneider National reported Q4 2019 operating revenues of $1.2 billion. Income from operations was $78.1 million, with an adjusted income from operations of $91.4 million. Diluted earnings per share stood at $0.32, while adjusted diluted earnings per share reached $0.37.

  • Schneider National leveraged its portfolio and delivered solid results despite the muted seasonal peak of the fourth quarter.
  • Core Truckload generated an operating ratio of 89.1% driven by the performance of Dedicated operations and effective cost management.
  • Intermodal delivered a fourth quarter operating ratio of 87.7% and surpassed $1 billion in annual revenue for the first time in 2019.
  • Logistics grew brokerage volumes which helped mitigate rate compression.

Headline financials

Total Revenue

$1.16B

Previous: $1.32B-12.6%
EPS (adj)

$0.37

Previous: $0.49-24.5%
Truckload Rev per Truck per Week

$3.81K

Previous: $3.99K-4.3%
Total Truckload Avg Trucks

10.4K

Previous: 11.6K-10.5%
Truckload Avg Company Trucks

7.4K

Previous: 8.8K-15.3%
Truckload Avg Owner-Op Trucks

2.9K

Previous: 2.8K+4.2%
Truckload Trailers

34.7K

Previous: 37.5K-7.3%
Intermodal Orders

122.1K

Previous: 120.3K+1.5%
Intermodal Containers

22.7K

Previous: 21.8K+4.0%
Intermodal Trucks

1.5K

Previous: 1.5K+3.9%
Intermodal Rev per Order

$2.18K

Previous: $2.27K-3.6%
Capital Expenditures

$26.7M

Previous: $117M-77.2%
Free Cash Flow

$139M

Previous: $39.4M+253.6%
Net Income

$55.9M

Previous: $84.8M-34.1%
Operating Income

$78.1M

Previous: $119M-34.1%
Gross Profit

$149M

Previous: $185M-19.7%
Cash & Equivalents

$552M

Previous: $379M+45.7%
Total Assets

$3.66B

Previous: $3.62B+1.0%
Stock-Based Comp

-$7M

Previous: $7.5M-193.3%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.16B

Q4 2019-12.6%vs Q4 2018
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Schneider National · $1.16B total across 6 segments · Q4 2019

  • Truckload
    $495M-14.8%
  • Intermodal
    $261M-2.5%
  • Logistics
    $228M-18.7%
  • Fuel surcharge
    $116M-15.5%
  • Other
    $81.3M-5.7%
  • Inter-segment eliminations
    -$24.3M+18.5%

Forward guidance

The company's full year 2020 guidance for adjusted diluted EPS is $1.25 to $1.35, and net capital expenditures are expected to be approximately $310 million.

Tailwinds

  • Optimistic about 2020 as we expect a supportive macroeconomic climate to lead to a more balanced marketplace, especially in the second half of the year as capacity levels rationalize.
  • Expect to generate growth by delivering truck-like reliability in our Intermodal offering.
  • Expect to generate growth by creative solutions in our Dedicated and specialty offerings.
  • Expect to generate growth by deployment of new technology across our portfolio.
  • Committed to deliver value to our customers, returns for our shareholders, and a quality experience for our professional drivers.

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 Q4 2019

Historical avgQ4 2019

+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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