Free Post Earnings Research Report: Schneider’s Revenues Jumped 13%; Adjusted EPS Soared 80%

Stock Monitor: P.A.M. Transportation Services Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want access to our free earnings report on Schneider National, Inc. (NYSE: SNDR) (“Schneider”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SNDR. The Company reported its first quarter fiscal 2018 operating and financial results on April 26, 2018. The trucking firm reported better than expected revenues and earnings. Additionally, the Company raised its earnings guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, Schneider’s Enterprise operating revenues were $1.14 billion, reflecting an increase of 13% compared to $1.01 billion in Q1 2017. The primary driver of the increase was a strong pricing and demand environment. Schneider’s revenue numbers topped analysts’ estimates of $1.10 billion.

During Q1 2018, Schneider’s Enterprise income from operations surged 55% to $67.6 million compared to $43.5 million in Q1 2017, driven by the increase in price. The Company’s adjusted income from operations was $67.6 million in the reported quarter, up 51% on a y-o-y basis.

Schneider’s net income was $47.6 million, or $0.27 per diluted share, in Q1 2018 compared to $22.6 million, or $0.14 per diluted share, in Q1 2017. The income tax rate reduction due to the Tax Cuts and Jobs Act 2017 (TCJA) had a positive impact of $0.05 per share in the reported quarter, while additional shares outstanding, mainly resulting from the Company’s initial public offering in April 2017, had a negative impact of $0.03 per share.

For Q1 2018, Schneider’s adjusted net income was $47.6 million, or $0.27 per diluted share, compared to $23.4 million, or $0.15 per diluted share, in Q1 2017. The Company’s earnings beat Wall Street’s estimates of $0.23 per share.

Schneider’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $139.3 million in Q1 2018, up 24% compared to $112.7 million in Q1 2017, primarily due to increased earnings.

Segment Results

During Q1 2018, Schneider’s Truckload segment’s revenues, excluding fuel surcharge, increased 6% to $551.3 million on a y-o-y basis. The segment’s revenue per truck per week increased $208, or 6%, on a y-o-y basis. For-hire standard and dedicated standard drove the improvement, with a revenue per truck per week growth of 9% and 8%, respectively. The Company’s First to Final Mile (FTFM) service offering contributed approximately $60 million to the segment’s revenues in the reported quarter, on an average truck count of approximately 1,350. For Q1 2018, the Truckload segment’s income from operations increased 23% to $47.4 million on a y-o-y basis, primarily due to the increased price.

For Q1 2018, Schneider’s Intermodal segment’s revenues, excluding fuel surcharge, rose 11% to $201.0 million on a y-o-y basis, driven by a 6% growth in orders and an increased price driven primarily by tight capacity conditions. The segment’s revenue per order was $1,982, reflecting an increase of 5% on a y-o-y basis, due to increased price and an 11% growth in transcontinental volume. The segment added over 450 containers to its fleet and container productivity improved 5% on a q-o-q basis in the reported quarter. The Intermodal segment’s income from operations soared 230% to $21.8 million due to an increased volume, an increased price, and an improved cost position as a result of the 2017 conversion to owned chassis. For Q1 2018, the segment’s operating ratio was 89.1%, an improvement of approximately 720 basis points compared to Q1 2017.

Schneider’s Logistics segment’s revenues, excluding fuel surcharge, surged 20% to $220.8 million on a y-o-y basis, mainly due to a growth in the Company’s brokerage business. The segment’s Brokerage unit’s revenues, excluding fuel surcharge, were 77% of the segment’s total revenues (excluding fuel surcharge) for the reported quarter. The Logistics segment’s income from operations surged 48% to $7.7 million on a y-o-y basis, led by brokerage growth.

Cash Flow and Capitalization

At March 31, 2018, Schneider had a total of $433.6 million outstanding on various debt instruments compared to $440.6 million as of December 31, 2017. At March 31, 2018, the Company had cash and cash equivalents of $300.1 million compared to $238.5 million at December 31, 2017. The Company’s net increase in cash and cash equivalents of $61.6 million was primarily due to the cash impact of increased earnings.

During Q1 2018, Schneider’s net cash provided by operating activities increased by $10.8 million to $100.0 million. The Company’s free cash flow increased by $16.8 million to $74.0 million on a y-o-y basis.

Business Outlook

For the full fiscal year 2018, Schneider increased its adjusted diluted earnings per share (EPS) range to $1.38 – $1.50. The Company’s net capital expenditure guidance remains at $325 million to $375 million for FY18, which includes the expected purchase of more than 3,500 Intermodal containers and associated chassis.

Stock Performance Snapshot

May 18, 2018 – At Friday’s closing bell, Schneider National’s stock rose 3.09%, ending the trading session at $29.40.

Volume traded for the day: 1.23 million shares, which was above the 3-month average volume of 640.20 thousand shares.

Stock performance in the last month – up 6.64%; previous three-month period – up 9.66%; past twelve-month period – up 56.13%; and year-to-date – up 2.94%

After last Friday’s close, Schneider National’s market cap was at $5.07 billion.

Price to Earnings (P/E) ratio was at 28.30.

The stock has a dividend yield of 0.82%.

The stock is part of the Services sector, categorized under the Trucking industry.

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