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Mar 31, 2020
Schneider National Q1 2020 Earnings Report
Schneider National's Q1 2020 results reflected the integral role of its services in meeting consumer needs during a challenging time.
Key Takeaways
Schneider National reported Q1 2020 operating revenues of $1.1 billion and income from operations of $54.9 million. Diluted earnings per share were $0.25, and adjusted diluted earnings per share were $0.24. The company's results were impacted by the COVID-19 pandemic, but its diverse service portfolio and strong balance sheet allowed it to navigate the situation effectively.
Operating revenues were $1.1 billion, a 6% decrease compared to Q1 2019.
Income from operations increased by 7% to $54.9 million.
Diluted earnings per share were $0.25, a 19% increase year-over-year.
The company suspended its full-year 2020 EPS guidance due to ongoing uncertainty regarding the timing and pace of recovery.
Schneider National
Schneider National
Schneider National Revenue by Segment
Revenue by Segment
Truckload Revenue
CapyFin.comIntermodal Revenue
CapyFin.comLogistics Revenue
CapyFin.comOther Revenue
CapyFin.comFuel Surcharge Revenue
CapyFin.comInter-segment eliminations Revenue
CapyFin.com Forward Guidance
Given the ongoing uncertainty regarding the timing and pace of recovery, the company is suspending its full year 2020 EPS guidance. Capital expenditure investments in replacement equipment are maintained, while discretionary projects are curtailed and technology spend is accelerated. The updated full year 2020 net capital expenditure guidance is approximately $260 million.
Positive Outlook
- Truckload and intermodal freight volumes stabilized in late April after declining earlier in the month.
- Brokerage has experienced improved net revenue.
- Some impacted customers and suppliers are in the process of reopening or ramping up their operations.
- Maintaining investments in replacement equipment.
- Accelerating technology spend.
Challenges Ahead
- Largest impacts of the virus-driven economic disruption on business volumes expected in the second quarter.
- Ongoing uncertainty regarding the timing and pace of recovery.
- Suspending full year 2020 EPS guidance.
- Curtailing several discretionary projects.
- Truckload volumes are down upper single-digit percentages from the prior year (late April).
Revenue & Expenses
Visualization of income flow from segment revenue to net income