The earnings call reflected a mixed sentiment. While the company experienced significant growth in the Intermodal segment and resilience in the Dedicated segment, it faced challenges in the Truckload network and increased insurance costs. The strategic focus on owner-operators could improve future outcomes.
Company Guidance
During the Schneider Third Quarter 2024 Earnings Call, the company provided several forward-looking metrics and guidance. For the full year 2024, Schneider updated its guidance for adjusted diluted earnings per share to a range of $0.66 to $0.68, with an expected full-year effective tax rate of 24%. The company maintained its net capital expenditures guidance at approximately $330 million, reflecting disciplined capital allocation strategies. Despite challenging market conditions, Schneider remained focused on enhancing long-term value by implementing margin and capital restorative actions across its segments. In the third quarter, revenues excluding fuel surcharge were $1.2 billion, with adjusted income from operations at $44 million, and adjusted diluted earnings per share at $0.18. Truckload revenue slightly declined by 1% year-over-year to $532 million, while Intermodal revenue increased by 1% to $265 million. The company emphasized strategic growth in its Dedicated and Intermodal segments, with Dedicated representing 64% of the truckload fleet. Intermodal saw a year-over-year earnings improvement of over 40%, driven by volume growth and internal cost actions. Schneider highlighted ongoing efforts in rate restoration, particularly in the Truckload segment, with third-quarter renewal rate improvements in the mid-single-digit percentage range.
Intermodal Segment Growth
Intermodal earnings improved sequentially and grew over 40% compared to last year, with order growth in the West and Mexico reaching double-digit percentage increases year-over-year.
Dedicated Segment Resilience
The Dedicated segment showed resilience with account churn down 50% from 2023 levels and a strong new business pipeline.
Owner-Operator Initiative
Schneider launched the Freight Power platform to empower owner-operators with more freight visibility, potentially increasing their capacity.
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Schneider National (DE:SNIA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:SNIA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2024
€25.72
€27.52
+6.97%
Aug 01, 2024
€24.24
€24.44
+0.82%
May 02, 2024
€19.29
€19.09
-1.03%
Feb 01, 2024
€22.26
€21.47
-3.54%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Schneider National Inc (DE:SNIA) report earnings?
Schneider National Inc (DE:SNIA) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Schneider National Inc (DE:SNIA) earnings time?
Schneider National Inc (DE:SNIA) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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