Schneider Q2 EPS $0.43, revenue down 23%; cuts FY adjusted EPS guidance to $1.75-$1.90

Schneider National, Inc.

2023-Q2 EPS reported $0.98 revenue$2,775,200,000

Q2 diluted EPS $0.43 (adjusted $0.45) vs $0.73 ($0.72) YoY; revenue $1.35B, down 23%.
Truckload OR 87.8%, Intermodal OR 90.9%, Logistics OR 96.3%, all worsened YoY.
Acquired M&M Transport Services (~500 tractors) on Aug 1 to strengthen dedicated offering.
FY2023 adjusted diluted EPS guidance lowered to $1.75-$1.90 from $2.00-$2.20.
Declared $0.09/share quarterly dividend; $150M buyback authorized, $36.1M YTD repurchased.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

Schneider National, Inc. reported three months ended June 30, 2023 results: revenue $1,346.5, net income $77.5, EPS $0.43. Guidance lowered.

Period: three months ended June 30, 2023
Revenue: $1,346.5
Net income: $77.5
EPS: $0.43
Guidance: lowered
Result: reported results

Exact text from the filing

periods indicated. Three Months Ended June 30, Six Months Ended June 30, (in millions, except ratios & per share amounts) 2023 2022 Change 2023 2022 Change Operating revenues $ 1,346.5 $ 1,746.9 (23)% $ 2,775.2 $ 3,367.4 (18)% Revenues (excluding fuel surcharge) 1,190.9 1,497.9 (20)% 2,440.4 2,952.4 (17)% Income from operations 103.8 176.6 (41)% 218.4 311.7

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Schneider National, Inc. filing history →

Source: SEC EDGAR

accession 0001692063-23-000147

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