Summary of Schneider National (SNDR) 2025 Conference Call Company Overview - **Company**: Schneider National (SNDR) - **Date**: June 10, 2025 - **Speakers**: Mark Rourke (President and CEO), Daryl Campbell (EVP and CFO), Christine McGarvey (VP of Investor Relations) Current Market Conditions - **Market Sentiment**: There was significant uncertainty at the macro level, but the worst-case scenarios have not materialized, indicating a resilient consumer demand [6][7][8] - **Volume Trends**: A downturn in West Coast volumes was noted, but strength was observed in other regions, particularly in Mexico and the Midwest [9][10] - **Customer Expectations**: Mixed signals from customers regarding future demand, with some expecting a surge while others anticipate steady activity [10] Business Segments Performance - **Intermodal**: Less reliance on imports compared to truckload, with steady domestic demand. Productivity enhancements are being pursued [12][13] - **Capacity and Pricing**: The market is approaching equilibrium with modest price increases observed despite ongoing challenges [18][20] - **Used Truck Market**: Prices for used trucks, especially sleepers, have been healthy, indicating stress in the market for small carriers [22][24] Pricing Dynamics - **Contract Rates**: Contractual improvements are being maintained, with a focus on not signing unfavorable agreements [29][30] - **Spot vs. Contract Rates**: A significant disparity exists between spot and contract rates, with contract rates showing flat to positive trends [31][32] Cost Management and Productivity - **Cost Control**: The company has focused on cost management and productivity improvements, resulting in year-over-year margin improvements [38][40] - **Acquisition Synergies**: The recent Cowen acquisition is expected to yield synergistic opportunities, particularly in cost management [42][64] Regulatory Environment - **English Language Provision**: New enforcement guidelines for the English language requirement could disrupt the market, particularly for smaller carriers [46][50] - **B1 Mexican Program**: Increased enforcement may tighten capacity around the border, impacting operations [50][52] Intermodal Growth - **Market Position**: Schneider National is optimistic about intermodal growth, particularly in the Mexico market, with strong service performance noted [54][56] - **Pricing Trends**: Intermodal pricing remains flat to slightly up, with expectations for continued stability [63] Capital Allocation Strategy - **Growth Focus**: The company prioritizes organic growth but remains open to strategic acquisitions, particularly in dedicated and intermodal segments [64][66] - **Leverage Profile**: The company is comfortable with a leverage ratio of up to 2.5 times for the right acquisitions [70][72] Guidance and Outlook - **Earnings Guidance**: EPS guidance is set between $0.75 and $1.00, reflecting a more optimistic outlook than previously anticipated [80][82] - **Market Sentiment**: The negative forward sentiment has moderated, leading to a more favorable industry outlook [92] Key Takeaways - **Resilience in Demand**: The company is experiencing steady demand despite macroeconomic uncertainties - **Focus on Cost Management**: Continuous efforts in cost control and productivity enhancements are yielding positive results - **Strategic Growth Opportunities**: Schneider National is well-positioned for growth in intermodal and dedicated segments, with a balanced approach to capital allocation and acquisitions.

Core Insights - Schneider National, Inc. reported first-quarter 2025 earnings per share (EPS) of 16 cents, exceeding the Zacks Consensus Estimate of 14 cents and reflecting a 45% year-over-year improvement [1] - Operating revenues reached $1.40 billion, slightly below the Zacks Consensus Estimate of $1.44 billion, but showed a 6.2% year-over-year increase [1] - The company experienced a decline in consumer sentiment and market expectations due to increasing economic uncertainty [2] Financial Performance - Income from operations (adjusted) grew 47% year-over-year to $44.2 million [2] - Truckload revenues (excluding fuel surcharge) were $613.7 million, up 14% year-over-year, driven by the acquisition of Cowan Systems and improved revenue per truck per week [3] - Intermodal revenues (excluding fuel surcharge) increased 5% year-over-year to $260.4 million, supported by a 4% volume growth [5] - Logistics revenues (excluding fuel surcharge) reached $332.0 million, a 2% year-over-year increase [7] Segment Highlights - Truckload income from operations was $25.1 million, up 68% year-over-year, with an operating ratio improvement to 95.9% from 97.2% [4] - Intermodal income from operations surged 97% year-over-year to $13.8 million, with an operating ratio of 94.7% [6] - Logistics income from operations grew 50% year-over-year to $8.1 million, with an operating ratio of 97.6% [7] Liquidity and Cash Flow - Cash and cash equivalents at the end of the first quarter were $106.2 million, down from $117.6 million in the previous quarter [8] - Long-term debt increased to $565.8 million from $420.8 million [8] - The company generated $91.7 million in cash from operations during the quarter [8] Shareholder Returns and Guidance - Schneider announced a $150.0 million stock repurchase program, having repurchased 4.1 million Class B shares for $103.9 million as of March 31, 2025 [9] - A dividend of $0.095 per share was declared, payable on July 10, 2025 [9] - The company updated its 2025 adjusted EPS guidance to a range of 75 cents to $1.00, down from the previous range of 90 cents to $1.20 [10][11]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________ FORM 10-Q _____________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...

Schneider National (SNDR) reported $1.4 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 6.3%. EPS of $0.16 for the same period compares to $0.11 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of -2.87%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.14.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Schneider National (SNDR) Q1 2025 Earnings Call May 01, 2025 10:30 AM ET Company Participants Steve Bindas - Director of Finance - IRMark Rourke - CEO, President & DirectorDarrell Campbell - Executive VP & CFOJim Filter - Executive VP & Group President of Transportation & LogisticsJason Seidl - Managing DirectorRavi Shanker - Managing DirectorKen Hoexter - Managing DirectorJonathan Chappell - Senior Managing DirectorDaniel Imbro - Managing DirectorJ. Bruce Chan - Director Conference Call Participants Brian ...

Core Viewpoint - Schneider National reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, and showing an increase from $0.11 per share a year ago, representing an earnings surprise of 14.29% [1][2] Financial Performance - The company posted revenues of $1.4 billion for the quarter ended March 2025, which was 2.87% below the Zacks Consensus Estimate, and an increase from $1.32 billion year-over-year [2] - Over the last four quarters, Schneider National has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Performance - Schneider National shares have declined approximately 26.6% since the beginning of the year, compared to a decline of 5.3% for the S&P 500 [3] - The current Zacks Rank for Schneider National is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $1.47 billion, and for the current fiscal year, it is $0.95 on revenues of $5.95 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Transportation - Services industry, to which Schneider National belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]

Schneider National (SNDR) Q1 2025 Earnings Call May 01, 2025 10:30 AM ET Speaker0 Thank you. I'd now like to turn the call over to Steve Bindis, Director of Investor Relations. You may begin. Speaker1 Thank you, operator, and good morning, everyone. Joining me on the call today are Mark Wark, President and Chief Executive Officer Daryl Campbell, executive vice president and chief financial officer and Jim Filter, executive vice president and group president of Transportation Logistics. Earlier today, the co ...

Schneider National (SNDR) Q1 2025 Earnings Call May 01, 2025 10:30 AM ET Company Participants Steve Bindas - Director of Finance - IRMark Rourke - CEO, President & DirectorDarrell Campbell - Executive VP & CFOJim Filter - Executive VP & Group President of Transportation & LogisticsJason Seidl - Managing DirectorRavi Shanker - Managing DirectorKen Hoexter - Managing DirectorJonathan Chappell - Senior Managing DirectorDaniel Imbro - Managing DirectorJ. Bruce Chan - Director Conference Call Participants Brian ...

Steve Bindas Investor Presentation FIRST QUARTER 2025 Director of Investor Relations 920-357-SNDR investor@schneider.com Disclaimer and Forward-Looking Statements Special Note Regarding Forward-Looking Statements This presentation and certain information that management may discuss in connection with this presentation, may include "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"), which express management's current views, expectations, beliefs, plan ...

Financial Performance - Operating revenues for Q1 2025 were $1.4 billion, a 6% increase from $1.3 billion in Q1 2024[5] - Net income for Q1 2025 was $26.1 million, up 41% from $18.5 million in Q1 2024[5] - Adjusted diluted earnings per share for Q1 2025 were $0.16, a 45% increase from $0.11 in Q1 2024[6] - Income from operations rose to $42.1 million for Q1 2025, a significant increase of 46.3% compared to $28.7 million in Q1 2024[28] - Adjusted net income for Q1 2025 reached $27.7 million, up 42.1% from $19.5 million in Q1 2024[55] - Adjusted EBITDA for Q1 2025 was $154.8 million, representing a 18.4% increase from $130.7 million in Q1 2024[57] - Diluted earnings per share for Q1 2025 were $0.15, compared to $0.10 in Q1 2024, marking a 50% increase[60] - Adjusted diluted earnings per share for Q1 2025 were $0.16, up 45.5% from $0.11 in Q1 2024[60] Revenue Segments - Truckload revenues (excluding fuel surcharge) increased by 14% to $613.7 million, driven by the acquisition of Cowan Systems[10] - Logistics revenues (excluding fuel surcharge) increased by 2% to $332.0 million, despite lower brokerage revenue per order[14] - The Truckload segment reported revenues of $613.7 million, a 14.0% increase from $538.1 million in Q1 2024[27] - The Intermodal segment achieved a revenue per order of $2,467, up from $2,442 in Q1 2024, indicating a growth of 1.0%[37] Operational Efficiency - Intermodal income from operations rose 97% to $13.8 million, with an operating ratio improvement of 250 basis points to 94.7%[13] - The adjusted operating ratio improved to 96.5% in Q1 2025 from 97.4% in Q1 2024, demonstrating enhanced operational efficiency[52] - Average trucks in the Truckload segment increased to 12,279 in Q1 2025, compared to 10,884 in Q1 2024, marking a growth of 12.8%[32] Cash Flow and Expenditures - Free cash flow increased by $8.9 million compared to the same period in 2024[8] - Free cash flow for Q1 2025 was negative $5.4 million, an improvement from negative $14.3 million in Q1 2024[59] - Net cash provided by operating activities was $91.7 million for Q1 2025, down from $97.6 million in Q1 2024[25] - The company reported a net decrease in cash and cash equivalents of $11.4 million for Q1 2025, compared to a decrease of $35.1 million in Q1 2024[25] - Net capital expenditures guidance for 2025 is adjusted to $325 - $375 million, reduced from $400 - $450 million[16] Shareholder Actions - The company repurchased 4.1 million Class B shares for a total of $103.9 million under a $150 million stock repurchase program[9] Assets and Liabilities - Total assets increased to $4,978.5 million as of March 31, 2025, compared to $4,933.7 million at December 31, 2024, reflecting a growth of 0.9%[24] - Long-term debt increased to $565.8 million as of March 31, 2025, from $420.8 million at December 31, 2024, reflecting a rise of 34.5%[24] Guidance and Risks - Full year 2025 adjusted diluted earnings per share guidance is revised to $0.75 - $1.00, down from previous guidance of $0.90 - $1.20[16] - The company highlighted potential risks including economic conditions, operational challenges, and regulatory changes that could impact future performance[63] - Acquisition-related costs for Q1 2025 were $0.2 million, while there were no such costs in Q1 2024[55] - Depreciation and amortization expenses increased to $113.6 million in Q1 2025 from $102.8 million in Q1 2024[57]