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Schneider National Reports Third Quarter Results Up

| November 2, 2018

Schneider truck

Schneider National, Inc. (NYSE: SNDR), a leading transportation and logistics services company, announced results for the quarter and nine months ended September 30, 2018. 

Highlights were as follows:
  • Operating Revenues of $1.3 billion, an increase of 15% compared to third quarter 2017
  • Revenues (excluding fuel surcharge) of $1.1 billion, an increase of 13% compared to third quarter 2017
  • Net Income of $70.7 million, an increase of 92% compared to third quarter 2017
  • Diluted Earnings Per Share of $0.40, compared to third quarter 2017 of $0.21
  • Adjusted Diluted Earnings Per Share of $0.40, compared to third quarter 2017 of $0.23
  • Full year 2018 Adjusted Diluted Earnings Per Share updated guidance of $1.47 to $1.53

“Our portfolio of complementary services comprised of Truckload, Intermodal, and Logistics, delivered excellent results in the third quarter,” noted Chris Lofgren, Chief Executive Officer of Schneider. “Given the continued tightness in driver availability, the Company pivoted its capital allocation by adding containers to our Intermodal business, providing profitable enterprise growth in a less driver intensive business. We experienced solid revenue and earnings growth in our asset-light and non-asset business segments. Intermodal and Logistics combined to contribute 45% and 50% of the enterprise revenue and earnings, respectively, demonstrating the power of our portfolio across market cycles.”

Lofgren continued, “With substantially all of our customer contracts updated and the ability to leverage the revenue management and driver productivity tools within our Quest technology platform, we are well positioned for the fourth quarter and into 2019.”

Category: Featured, General Update, News

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