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Sep 30, 2022
Schneider National Q3 2022 Earnings Report
Schneider National reported mixed results in Q3 2022. While revenue increased, income from operations decreased due to challenges in the Truckload and Intermodal segments.
Key Takeaways
Schneider National's Q3 2022 operating revenues increased by 16% to $1.7 billion. However, income from operations decreased by 5% to $145.4 million, and diluted earnings per share increased to $0.70. The company updated its full-year adjusted diluted earnings per share guidance to $2.60 - $2.65.
Operating revenues increased by 16% to $1.7 billion compared to Q3 2021.
Diluted earnings per share increased to $0.70, up from $0.62 in the prior year.
Truckload segment experienced softer network volumes, while dedicated fleet increased 42% over the prior year.
Intermodal segment grew volumes but faced supply chain and network challenges that compressed margin.
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
The company has tightened its adjusted full-year earnings per share guidance to $2.60-$2.65 and updated its net capital expenditures guidance to $475 million.
Positive Outlook
- Supportive contractual volumes and pricing across the enterprise.
- Well-positioned for 2023.
- Strategic pursuit of higher returns on capital.
- Earnings resiliency through continued growth in dedicated, intermodal, and logistics operations.
- Updated net capital expenditures guidance to $475 million.
Challenges Ahead
- Moderating market conditions.
- Expectations for a muted peak season.
- Softer network volumes in the Truckload segment.
- Supply chain and network challenges in the Intermodal segment.
- Increased rail and dray related costs in Intermodal.
Revenue & Expenses
Visualization of income flow from segment revenue to net income