Schneider National Shares Gain On Q2 Earnings Beat, Raised Outlook

  • Schneider National, Inc. SNDR reported second-quarter operating revenue growth of 32% year-over-year to $1.36 billion, beating the consensus of $1.25 billion.
  • Sales by segments: Truckload $475.2 million (+5% Y/Y), Intermodal $274 million (+25% Y/Y), and Logistics $430.7 million (+87% Y/Y).
  • EPS improved to $0.60 from $0.26 in 2Q20, beating consensus estimates of $0.41.
  • The operating income increased 98.4 Y/Y to $125.8 million, and the margin expanded by 310 bps to 9.2%. The adjusted operating ratio was 89.9% compared to 93.4% a year ago.
  • Truckload segment operating ratio improved 700 bps sequentially to 84.5%.
  • Truckload revenue per truck per week improved 8% sequentially and 16.1% Y/Y to $3,985. Intermodal revenue per order grew 12% Y/Y to $2,399.
  • Schneider National generated cash from operating activities year-to-date of $255 million, compared to $319.8 million a year ago.
  • FY21 Outlook: Schneider National expects adjusted EPS of $1.85 - $1.95, up from the prior view of $1.60 - $1.70, compared to the consensus of $1.68.
  • It anticipates the excess demand condition to continue through the remainder of the year.
  • Price action: SNDR shares trading higher by 5.86% at $22.40 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!