earnings
confidence high
sentiment negative
materiality 0.78
Schneider National Q2 earnings fall 53%; cuts FY2024 adjusted EPS guidance to $0.80-$0.90
Schneider National, Inc.
2024-Q2 EPS reported
$0.31
revenue$2,635,700,000
- Diluted EPS $0.20 vs $0.43 a year ago; adjusted diluted EPS $0.21 vs $0.45.
- Operating revenues $1.32B, down 2% YoY; income from operations $51M, down 51%.
- Truckload operating ratio 94.3%, up from 87.8% a year ago due to lower pricing and gains on equipment sales.
- Full-year adjusted EPS guidance cut to $0.80-$0.90 from $0.85-$1.00; net capex guidance lowered to $300M-$350M.
- Cash provided by operations increased; free cash flow up $93.5M YTD; $0.095 quarterly dividend declared.