Schneider National Revenues Up, Net Income Down in Q1

Schneider National, Inc. (NYSE:SNDR), a leading transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions and operating one of the largest for-hire trucking fleets in North America, has announced results for the quarter ended March 31, 2017.

Details as follows:

• Operating Revenues of $1.0 billion, an increase of 8.4% compared to first quarter 2016
• Net Income of $22.6 million, a decrease of 19.8% compared to first quarter 2016
• Diluted Earnings Per Share of $0.14, compared to first quarter 2016 of $0.18
• Adjusted Diluted Earnings Per Share of $0.15, compared to first quarter 2016 of $0.18

“We are pleased with our first quarter performance and believe that the advantages provided by our Quest technology platform and our cultural transformation focused on managing to operating contribution margin has allowed us to navigate the soft market thus far in 2017,” commented Chris Lofgren, Chief Executive Officer of Schneider. “Our focus on positioning our associates to service our customers, while executing in a highly responsive manner to ‘micro markets’ has allowed us to make informed, intelligent decisions, in a resilient manner, and to address industry headwinds. Nowhere was this more evident than within our Intermodal segment, which despite the difficult operating conditions, reported strong volume growth and relatively stable earnings compared to the first quarter of last year.”

In April, the company celebrated its initial public offering on the NYSE, marking the beginning of a new chapter for Schneider.

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