NYSE$SNDR
Schneider National Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Schneider National's Q4 2023 performance was affected by challenges in the freight environment and costs related to accident claims.
Schneider National reported Q4 2023 operating revenues of $1.4 billion, a decrease from $1.6 billion in 2022. Income from operations was $31.3 million, down from $143.3 million in the previous year. Diluted earnings per share were $0.15, with adjusted diluted earnings per share at $0.16.
- Operating revenues decreased to $1.4 billion from $1.6 billion in the previous year.
- Income from operations significantly decreased to $31.3 million from $143.3 million.
- Diluted earnings per share were $0.15, and adjusted diluted earnings per share was $0.16.
- The company focused on strategic growth objectives in dedicated, intermodal, and logistics.
Headline financials
Revenue & EPS history
Schneider National · Revenue · Quarterly
$1.37B
Revenue by segment
Schneider National · $1.38B total across 5 segments · Q3 2023
- Truckload$535M-6.3%38.9%
- Logistics$326M-29.8%23.7%
- Intermodal$263M-21.4%19.1%
- Fuel surcharge$173M-26.1%12.5%
- Other$78.4M-19.4%5.7%
Forward guidance
Schneider National provided full year 2024 adjusted diluted earnings per share guidance of $1.15 - $1.30 and net capital expenditures guidance of $400.0 - $450.0 million.
Tailwinds
- Signs of stabilization seen in the fourth quarter of 2023 may be indicative of a broader freight market rebalancing ahead in 2024.
- Focus remains on targeted actions to restore margins.
- Company will deliver on commercial and operational objectives.
- Further execution on cost containment strategies.
- Full year effective tax rate of approximately 24.5%.
Headwinds
- The shape of the recovery remains uncertain.
- Recovery is likely to be disproportionately weighted towards the second half of the year.
- Continuing impacts of the freight downcycle were felt across the portfolio in 2023.
- Macroeconomic constraints.
- Ongoing pricing challenges in logistics.
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 2023
+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
| Quarter | Report date | Reaction (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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