Schneider National Q1 operating income down 75%; cuts FY adj EPS guidance to $0.85-$1.00

Schneider National, Inc.

2024-Q1 EPS reported $0.10 revenue$1,319,000,000

Operating revenues $1.32B (-8% YoY); income from operations $28.7M vs $114.6M in Q1 2023.
GAAP diluted EPS $0.10, adjusted diluted EPS $0.11; both down ~80% YoY.
Updated FY2024 adjusted EPS guidance to $0.85-$1.00 from $1.15-$1.30; net capex guidance $350-400M.
Truckload segment operating ratio worsened to 97.2% from 88.3%; Intermodal also down sharply.
Declared Q2 dividend of $0.095 per share, payable July 9, 2024.

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 0.9

Schneider National, Inc. reported the three months ended March 31, 2024 results: revenue $ 1,319.0, net income $ 18.5, EPS $0.10. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $ 1,319.0
Net income: $ 18.5
EPS: $0.10
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the Company’s results of operations for the periods indicated. Three Months Ended March 31, (in millions, except ratios & per share amounts) 2024 2023 Change Operating revenues $ 1,319.0 $ 1,428.7 (8)% Revenues (excluding fuel surcharge) 1,163.1 1,249.5 (7)% Income from operations 28.7 114.6 (75)% Adjusted income from operations 30.0 114.6 (74)% Operating ratio

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Source: SEC EDGAR

accession 0001692063-24-000097

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