Schneider National Q1 EPS Beats Estimates at $0.12, Revenue $1.4B
Schneider National delivered adjusted EPS of $0.12 in Q1, beating estimates by $0.02 while revenue of $1.4 billion was flat year-over-year and slightly below forecasts. The company’s truckload unit saw 1% revenue growth to $618 million with a 96.7% operating ratio and reiterated full-year EPS guidance of $0.70-$1.00.
1. Q1 Financial Results
In the first quarter Schneider National reported adjusted EPS of $0.12, exceeding consensus by $0.02, while consolidated revenue reached $1.4 billion, flat year over year and slightly below the $1.42 billion estimate.
2. Truckload Segment Performance
The truckload unit generated revenue of $618 million, up 1% year over year excluding fuel surcharges, with average trucks in service down 1% but revenue per truck per week up 3%, and recorded a 96.7% adjusted operating ratio, 80 basis points worse than last year.
3. Guidance and Market Reaction
The company reaffirmed its full-year adjusted EPS forecast of $0.70 to $1.00, below the 85-cent consensus, and shares rose 1.8% in after-hours trading following remarks on supply rationalization, cost actions and weather impacts.