NYSE$SNDR

Schneider National Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Schneider National reported Q4 2020 results, leveraging its enterprise portfolio and demonstrating ability to provide shippers additional mode optionality.

Schneider National's Q4 2020 operating revenues reached $1.3 billion. The company reported a diluted EPS of $0.43 and an adjusted diluted EPS of $0.44. The Truckload segment achieved an 86% operating ratio, and the Logistics segment achieved record quarterly revenue and earnings.

  • Leveraged enterprise portfolio to provide shippers additional mode optionality.
  • Truckload segment achieved an 86% operating ratio through effective yield management and cost initiatives.
  • Intermodal segment grew order count 3% year over year despite rail congestion.
  • Logistics segment achieved record quarterly revenue and earnings due to brokerage volume growth.

Headline financials

Total Revenue

$1.27B

Previous: $1.16B+9.4%
EPS (adj)

$0.44

Previous: $0.37+18.9%
Truckload Rev per Truck per Week

$3.84K

Previous: $3.81K+0.8%
Total Truckload Avg Trucks

9.8K

Previous: 10.4K-5.7%
Truckload Avg Company Trucks

7.1K

Previous: 7.4K-3.9%
Truckload Avg Owner-Op Trucks

2.6K

Previous: 2.9K-10.3%
Truckload Trailers

36.9K

Previous: 34.7K+6.3%
Intermodal Orders

117.8K

Previous: 122.1K-3.6%
Intermodal Containers

21.9K

Previous: 22.7K-3.4%
Intermodal Trucks

1.6K

Previous: 1.5K+6.4%
Intermodal Rev per Order

$2.31K

Previous: $2.18K+5.6%
Capital Expenditures

$143M

Previous: $26.7M+436.0%
Free Cash Flow

$6M

Previous: $139M-95.7%
Net Income

$76.9M

Previous: $55.9M+37.6%
Operating Income

$105M

Previous: $78.1M+34.6%
Gross Profit

$147M

Previous: $149M-1.5%
Cash & Equivalents

$396M

Previous: $552M-28.3%
Total Assets

$3.52B

Previous: $3.66B-3.9%
Stock-Based Comp

$3.5M

Previous: -$7M+150.0%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.27B

Q4 2020+9.4%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Schneider National · $1.27B total across 6 segments · Q4 2020

  • Truckload
    $470M-4.9%
  • Logistics
    $374M+64.4%
  • Intermodal
    $269M+3.1%
  • Other
    $84.3M+3.7%
  • Fuel surcharge
    $73.6M-36.4%
  • Inter-segment eliminations
    -$6.7M+72.4%

Forward guidance

The company expects constructive macroeconomic and demand conditions against an improving but constrained capacity backdrop for 2021. Full year 2021 adjusted diluted EPS is guided to be $1.45 to $1.60, assuming a full-year effective tax rate of approximately 25%. Net capital expenditures guidance for full year 2021 is approximately $425 million.

Tailwinds

  • Constructive macroeconomic conditions
  • Improving demand conditions
  • Improving but constrained capacity backdrop
  • Cost and productivity initiatives
  • Further advancements of our platform and technology

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 2020

Historical avgQ4 2020

+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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