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Dec 31, 2023
Schneider National Q4 2023 Earnings Report
Schneider National's Q4 2023 performance was affected by challenges in the freight environment and costs related to accident claims.
Key Takeaways
Schneider National reported Q4 2023 operating revenues of $1.4 billion, a decrease from $1.6 billion in 2022. Income from operations was $31.3 million, down from $143.3 million in the previous year. Diluted earnings per share were $0.15, with adjusted diluted earnings per share at $0.16.
Operating revenues decreased to $1.4 billion from $1.6 billion in the previous year.
Income from operations significantly decreased to $31.3 million from $143.3 million.
Diluted earnings per share were $0.15, and adjusted diluted earnings per share was $0.16.
The company focused on strategic growth objectives in dedicated, intermodal, and logistics.
Revenue by Segment
Forward Guidance
Schneider National provided full year 2024 adjusted diluted earnings per share guidance of $1.15 - $1.30 and net capital expenditures guidance of $400.0 - $450.0 million.
Positive Outlook
- Signs of stabilization seen in the fourth quarter of 2023 may be indicative of a broader freight market rebalancing ahead in 2024.
- Focus remains on targeted actions to restore margins.
- Company will deliver on commercial and operational objectives.
- Further execution on cost containment strategies.
- Full year effective tax rate of approximately 24.5%.
Challenges Ahead
- The shape of the recovery remains uncertain.
- Recovery is likely to be disproportionately weighted towards the second half of the year.
- Continuing impacts of the freight downcycle were felt across the portfolio in 2023.
- Macroeconomic constraints.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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