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Sep 30, 2020
Schneider National Q3 2020 Earnings Report
Announced third quarter 2020 results and a special dividend.
Key Takeaways
Schneider National reported Q3 2020 results with a diluted EPS of $0.25 and adjusted diluted EPS of $0.31. The company's revenue was $1,135.7 million. The Board of Directors approved a special dividend of $2.00 per share.
Freight volumes recovery accelerated and demand in nearly all geographic markets exceeded capacity.
Truckload and Intermodal segments operating ratio improved sequentially due to increased volume.
Logistics segment grew third quarter revenue 20% year over year.
Market demand outpacing aggregate industry supply is a durable condition expected to last for multiple quarters.
Revenue by Segment
Forward Guidance
The tight market conditions prevalent during the third quarter are anticipated to continue well beyond the fourth quarter, as demand is strong and the driver shortage persists. Expected full year 2020 adjusted diluted EPS of $1.18 - $1.22. Full year 2020 guidance for net capital expenditures is approximately $250 million.
Positive Outlook
- Strong demand
- Driver shortage persists
- Expected full year 2020 adjusted diluted EPS of $1.18 - $1.22
- Internal improvement initiatives
- Positioning well as we enter 2021
Challenges Ahead
- COVID-19 pandemic
- Economic and business risks inherent in the truckload and transportation industry
- Tight truck capacity brought about by driver shortages
- Fluctuations in the price or availability of fuel
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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