Schneider National, Inc.'s (SNDR) bottom line has been benefiting from its consistent shareholder-friendly initiatives and a reduction in capital expenditures. However,reduced earnings per share (EPS) guidance looks disappointing and raises concerns about the stock. Factors Boosting SNDR's Growth Schneider's consistent measures to reward its shareholders through dividends and share buybacks are appreciative. During 2023, SNDR paid dividends of $63.6 million and repurchased shares worth $66.9 million. During ...

Schneider National (SNDR) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this trucking company would post earnings of $0.13 per share when it actually produced earnings of $0.11, delivering a surprise of -15.38%. Over the last four quarter ...

Schneider National, Inc. (SNDR) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Let's delve deeper. Southward Earnings Estimate Revision:The Zacks Consensus Estimate for second-quarter 2024 earnings has been revised 26.9% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 25.2% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline in brokers' confidence in the stoc ...

Given the way analysts feel about Schneider National right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Implied volatility shows how much movement the market is expecting in the future. Options ...

Core Insights - Schneider National, Inc. is experiencing challenges due to a freight recession but remains optimistic about future recovery [1][5] - The company has cut its full-year earnings guidance significantly, reflecting ongoing industry difficulties [6] Financial Performance - In Q1 2024, Schneider reported earnings of $0.11, missing the Zacks Consensus estimate of $0.13 for the third consecutive quarter [3] - Operating revenues decreased by 8% to $1.3 billion from $1.4 billion year-over-year [3] - Truckload revenues, excluding fuel surcharges, increased slightly to $538.1 million, while intermodal revenues fell by 7% to $247.2 million [4][3] - Logistics revenues dropped 15% to $324.9 million due to lower revenue per order and decreased brokerage volume [4] Guidance and Analyst Expectations - Schneider has revised its full-year earnings guidance to a range of $0.85 to $1.00, down from $1.15 to $1.30 [6] - Analysts have also lowered their estimates, with the Zacks Consensus dropping to $0.92 from $1.13 in the past month, indicating a 33% decline from last year's earnings of $1.37 [6] - Despite current challenges, analysts project a significant earnings rebound in 2025, expecting a 79.8% increase to $1.65 [6] Stock Performance and Shareholder Actions - Schneider's shares have declined by 12.3% in 2024 due to the guidance cut and ongoing freight recession [7] - The company has initiated a $150 million stock repurchase program, having repurchased 3.1 million Class B shares for $79.2 million as of March 31, 2024 [10] - Schneider also pays a dividend with a current yield of 1.7%, returning $16.5 million to shareholders year-to-date [10]

Financial Data and Key Metrics - In Q1 2024, the company experienced positive contract price renewal closures in the low single digits for the truckload network for the first time in six quarters [8] - Dedicated revenue per truck per week was flat year-over-year and down 4% sequentially from Q4 2023, primarily due to severe weather in January [9] - Average Dedicated truck count grew year-over-year by 773 units and 80 units sequentially from Q4 2023 [9] - Truckload network revenue per truck per week contracted 10% year-over-year in Q1 2024, with most of the change due to depressed rates [16] - Intermodal segment volumes were flat year-over-year, with revenue per order down 7% compared to Q1 2023 [17] - Intermodal margins improved 40 basis points sequentially from Q4 2023 [17] - Logistics segment revenues declined 15% year-over-year in Q1 2024, primarily due to decreased revenue per order and overall volume declines [22] - Adjusted income from operations for Q1 2024 was down $85 million or 74% from the prior year [47] - Adjusted diluted earnings per share for Q1 2024 was $0.11 compared to $0.55 in the prior year [47] - EBITDA for Q1 2024 was $131 million, in line with Q4 2023 [47] Business Segment Performance - In the Asset-Based truckload segment, revenues excluding fuel surcharge were flat year-over-year in Q1 2024 [21] - Truckload earnings for Q1 2024 were lower year-over-year, primarily due to network price and volume pressures [21] - Intermodal segment revenues, excluding fuel surcharge, were down 7% year-over-year in Q1 2024 [22] - Intermodal earnings were down year-over-year, primarily due to lower revenue per order and higher MT repositioning costs [22] - Non-asset logistics segment revenues declined 15% year-over-year in Q1 2024 [22] - Logistics operating margins eroded over 300 basis points compared to Q1 2023, but only 10 basis points sequentially from Q4 2023 [46] Market Performance - The East region in the Intermodal segment is the most competitive region with the truck alternative [17] - Growth in the West, Transcon, and Mexico offset declines in the East [17][27] - The company is seeing signs of inventory destocking concluding, although shippers remain cautious about restocking [23] Company Strategy and Industry Competition - The company is focused on cost reduction actions, asset efficiency improvements, and returning operating segments to long-term margin targets [15] - Dedicated now represents 62% of truckload tractors, with a strong pipeline and new business awards for Q2 and Q3 2024 [44] - The company is leveraging its multimodal platform to quickly pivot when the market improves [43] - The company is encouraged by the Union Pacific's announcement to reduce transit time by two days on the largest freight lane from LA to Chicago [45][54] Management Commentary on Operating Environment and Future Outlook - The company is assessing signs that market conditions are beginning to moderate, but has not seen enough to consider the market at an inflection point [8] - The company expects improving yields in network businesses, volume growth in intermodal and logistics, and continued truck growth in dedicated [24] - The company updated its adjusted diluted earnings per share guidance range for 2024 to $0.85 to $1, assuming a full-year effective tax rate of 25% [52] - Net CapEx expectations for 2024 are adjusted to be in the range of $350 million to $400 million [52] Other Important Information - The company recognized five Schneider Hall of Fame Driver associates who surpassed 4 million safe driving miles [19] - The company paid nearly $17 million in dividends during Q1 2024, 5% above the same period in 2023 [49] - The company generated strong operating cash flow of $98 million during Q1 2024, with net debt leverage at 0.4 times [49] Q&A Session Summary Question: Intermodal allocation season and Western market dynamics [26] - The company is about 40% through the allocation season and remains disciplined in selling into areas with network differentiation [26] - Growth in the West, Transcon, and Mexico has helped overcome difficulties in the East [27][28] Question: Guidance and market recovery confidence [29] - The company sees positive signs in demand and pricing, but expects moderate capacity reductions and demand improvement [30][31] - Potential disruptions in competing rail services in the East could impact the market [32] Question: Contract renewal trends and asset-based solutions [33][35] - Low single-digit contract renewals were referenced for the truck network [33] - Customers are increasingly favoring asset-based solutions, which benefits the company's brokerage and power-only offerings [35] Question: Intermodal growth and competitive dynamics [37][72] - The company sees differentiation in intermodal due to service reliability and sustainability [37] - The company expects intermodal to grow faster than over-the-road transportation [64] Question: Equipment sales and guidance [66] - The company assumes flat or zero gain on equipment sales, with a $30 million headwind [66] Question: Dedicated market stability [70] - The dedicated market is considered stable, with growth focused on the industrial side of the economy [70] Question: Seasonality and market conditions [77][115] - The company expects a return to typical seasonality, with moderate improvements in market conditions [77][115] - Weather events in Q1 2024 had a quicker impact on spot pricing and carrier costing, suggesting some market tightening [116] Question: Intermodal margin improvement [122] - Margin improvement in intermodal was driven by network healing, driver utilization, and reduced empty miles [122] Question: Power-only business performance [124] - Power-only business provides higher net revenue per order and is more contract-based, contributing to margin resilience [125] Question: Free cash flow and CapEx [130] - The company generated positive operating cash flow of nearly $100 million in Q1 2024, with CapEx adjustments reflecting efficiency improvements [131]

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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...

• Operating Revenues $1.3 billion; $1.4 billion in 2023 • Income from Operations $28.7 million; $114.6 million in 2023 • Diluted Earnings per Share $0.10; Adjusted Diluted Earnings Per Share $0.11 • Updated full year Adjusted Diluted Earnings per Share guidance to $0.85 - $1.00 • Updated full year Net Capital Expenditures guidance of $350.0 - $400.0 million Schneider National, Inc. Announces First Quarter 2024 Results Green Bay, Wis. - May 2, 2024 – Schneider National, Inc. (NYSE: SNDR, "Schneider" or the " ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________ FORM 10-K _____________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

Schneider National, Inc. (NYSE:SNDR) Q4 2023 Results Conference Call February 1, 2024 10:30 AM ET Company Participants Steve Bindas - Director of IR Mark Rourke - President and Chief Executive Officer Darrell Campbell - Executive Vice President and Chief Financial Officer Jim Filter - EVP and Group President, Transportation and Logistics Conference Call Participants Bruce Chan - Stifel Ravi Shanker - Morgan Stanley Jordan Alliger - Goldman Sachs Brian Ossenbeck - JPMorgan Ken Hoexter - Bank of America John ...