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Jun 30, 2020
Schneider National Q2 2020 Earnings Report
Second quarter results were announced with intermodal being most negatively impacted by the pandemic, while truckload and logistics were proportionately less affected.
Key Takeaways
Schneider National, Inc. reported a decrease in operating revenues to $1.0 billion compared to $1.2 billion in the same quarter of the previous year. Diluted earnings per share increased to $0.26 from $0.19 in 2019.
Operating Revenues decreased by 15% to $1.0 billion.
Income from Operations increased by 29% to $63.4 million.
Diluted Earnings Per Share increased to $0.26 from $0.19 in 2019.
The company has restored its full year 2020 guidance for adjusted diluted EPS at $1.10 - $1.25.
Revenue by Segment
Forward Guidance
The company is restoring its full year 2020 guidance for adjusted diluted EPS at $1.10 - $1.25. This guidance assumes a continued and gradual improvement in overall operating conditions from increased demand and tighter capacity along with sequential improvement in Intermodal margins as balance is restored in the network over the second half of the year. In addition, the full year 2020 guidance for net capital expenditures remains at approximately $260 million.
Positive Outlook
- Continued and gradual improvement in overall operating conditions
- Increased demand
- Tighter capacity
- Sequential improvement in Intermodal margins
- Restored balance in the network over the second half of the year
Challenges Ahead
- Uncertainty regarding the timing and pace of economic recovery remains
- Most significant impact of the pandemic on operations was borne in the second quarter
- Reduced Asia import activity
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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