Schneider National First Quarter Revenues and Net Up
Schneider National, a leading transportation and logistics services company, announced results for the three months of the year — and the numbers were strong:
- Operating Revenues of $1.1 billion, an increase of 13% compared to first quarter 2017
- Revenues (excluding fuel surcharge) of $1.0 billion, an increase of 11% compared to first quarter 2017
- Income from Operations of $67.6 million, an increase of 55% compared to first quarter 2017
- Net Income of $47.6 million, an increase of 111% compared to first quarter 2017
- Diluted Earnings Per Share of $0.27, compared to first quarter 2017 of $0.14
- Full year 2018 Adjusted Diluted Earnings Per Share updated guidance of $1.38 to $1.50
“We delivered record first quarter enterprise operating earnings, and all three of our segments provided solid returns,” noted Chris Lofgren, Chief Executive Officer of Schneider. “As expected, market conditions were unlike any we have experienced in over a decade. Demand and bid activity were strong, while driver capacity was tight. Our broad portfolio of services, disciplined approach to revenue management leveraging our Quest platform, and capital allocation methodology allowed us to excel in the market. Our ability to offer customers alternative transportation solutions and deliver upon them allowed us to manage commitments, driving our financial performance in the quarter.”
Category: Featured, General Update, News
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