NYSE$SNDR

Schneider National Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Schneider National reported results for the fourth quarter and year ended December 31, 2022. The company reported operating revenues of $1.6 billion and diluted earnings per share of $0.62.

Schneider National reported Q4 2022 operating revenues of $1.6 billion and diluted earnings per share of $0.62. The company's Truckload revenues excluding fuel surcharge increased by 4%, while Logistics revenues excluding fuel surcharge decreased by 22%. The company expects freight demand to strengthen as the year progresses.

  • Operating revenues were $1.6 billion.
  • Diluted earnings per share were $0.62.
  • Truckload revenues excluding fuel surcharge increased by 4%.
  • Logistics revenues excluding fuel surcharge decreased by 22%.

Headline financials

Total Revenue

$1.56B

Previous: $1.58B-0.8%
EPS (adj)

$0.64

Previous: $0.76-15.8%
Truckload Rev per Truck per Week

$4.17K

Previous: $4.52K-7.7%
Total Truckload Avg Trucks

10.5K

Previous: 9.3K+13.6%
Truckload Avg Company Trucks

8.5K

Previous: 7.0K+21.1%
Truckload Avg Owner-Op Trucks

2.0K

Previous: 2.2K-10.4%
Truckload Trailers

44.0K

Previous: 36.6K+20.1%
Intermodal Orders

107.7K

Previous: 114.1K-5.6%
Intermodal Containers

28.0K

Previous: 25.2K+11.3%
Intermodal Trucks

1.6K

Previous: 1.6K-0.9%
Intermodal Rev per Order

$2.98K

Previous: $2.77K+7.5%
Capital Expenditures

$214M

Previous: $103M+108.8%
Free Cash Flow

$64.1M

Previous: $67.6M-5.2%
Net Income

$110M

Previous: $134M-17.9%
Operating Income

$143M

Previous: $178M-19.5%
Gross Profit

$207M

Previous: $248M-16.2%
Cash & Equivalents

$386M

Previous: $245M+57.6%
Total Assets

$4.32B

Previous: $3.94B+9.7%
Stock-Based Comp

$3.9M

Previous: $3.1M+25.8%

Revenue & EPS history

Schneider National · Revenue · Quarterly

$1.56B

Q4 2022-0.8%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Schneider National · $1.56B total across 6 segments · Q4 2022

  • Truckload
    $545M+4.2%
  • Logistics
    $425M-22.4%
  • Intermodal
    $316M-0.7%
  • Fuel surcharge
    $214M+64.6%
  • Other
    $89.8M+11.7%
  • Inter-segment eliminations
    -$28M-15.2%

Forward guidance

The company anticipates that 2023 will finish stronger than it began and that freight demand will strengthen as the year progresses. The company's guidance for full year 2023 adjusted diluted EPS is $2.15 - 2.35. Net capital expenditures guidance for full year 2023 is approximately $525 - $575 million, with an expected full year effective tax rate of approximately 24.5%.

Tailwinds

  • Freight demand will strengthen as the year progresses.
  • Full year 2023 adjusted diluted EPS guidance of $2.15 - 2.35.
  • Full year 2023 net capital expenditures guidance of $525 - $575 million.
  • Expected full year effective tax rate of approximately 24.5%.
  • Demonstrating the resilience of our diverse portfolio through evolving market conditions.

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 2022

Historical avgQ4 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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