Post Earnings Coverage as Schneider National Reported its Q1 Results; Topped Estimates

Upcoming AWS Coverage on ArcBest Post-Earnings Results

LONDON, UK / ACCESSWIRE / June 1, 2017 / Active Wall St. announces its post-earnings coverage on Schneider National, Inc. (NYSE: SNDR). The Company released its financial results for the first quarter fiscal 2017 (Q1 FY17) on May 11, 2017. The Green Bay, Wisconsin-based Company’s quarterly operating revenues rose 8.4% y-o-y, beating analysts’ estimates. Register with us now for your free membership at:

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One of Schneider National’s competitors within the Trucking space, ArcBest Corporation (NASDAQ: ARCB), reported on May 05, 2017, its financial results for Q1 2017. AWS will be initiating a research report on ArcBest in the coming days.

Today, AWS is promoting its earnings coverage on SNDR; touching on ARCB. Get our free coverage by signing up to:

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Earnings Reviewed

During Q1 FY17, Schneider National reported operating revenues of $1.01 billion, which came in above $928.10 million recorded at the end of Q1 FY16. Operating revenues numbers for the reported quarter outperformed Wall Street’s expectations of $922.84 million. The Company’s adjusted enterprise revenue (excluding fuel surcharge) stood at $916.19 million for Q1 FY17, rising 5.1% from $871.95 million in Q1 FY16.

The trucking Company’s net income fell during Q1 FY17 to $22.57 million, or $0.14 per diluted common share, from $28.14 million, or $0.18 per diluted common share, in the prior year’s same quarter. Moreover, the Company’s Q1 FY17 adjusted diluted net income came in at $23.34 million, or $0.15 per diluted share, compared to $28.14 million, or $0.18 per diluted share, in the prior year’s comparable quarter. Market analysts had expected the Company to post adjusted EPS of $0.13 per diluted share for the reported quarter.

Operating Metrics

For Q1 FY17, the trucking Company’s income from operations came in at $43.55 million compared to $52.03 million in the year ago same period. The Company’s operating ratio for the reported quarter was 95.7% versus 94.4% in Q1 FY16. The Company’s adjusted income from operations for the reported quarter was $44.85 million compared to $52.03 million in the past year’s same quarter. Meanwhile, the Company’s adjusted operating ratio improved to 95.1% in Q1 FY17 from 94.0% in Q1 FY16.

Segment Performance

During the quarter ended March 31, 2017, Truckload segment’s revenue came in at $522.11 million compared to $490.73 million in the year ago same period. The segment reported an operating income of $38.52 million in Q1 FY17 versus $42.19 million in Q1 FY16. Furthermore, the segment’s operating ratio for Q1 FY17 was 92.6% compared to 91.4% in the previous year’s corresponding quarter.

Intermodal segment reported revenues of $181.09 million in Q1 FY17 compared to $184.83 million in Q1 FY16. The segment’s operating income was $6.63 million in Q1 FY17 versus $7.09 million in Q1 FY16. Moreover, the segment’s operating ratio stood at 96.3% in Q1 FY17 compared to 96.2% in Q1 FY16.

Schneider National’s Logistics segment generated revenue amounting to $183.90 million in Q1 FY17, which came in above last year comparable quarter’s recorded revenue numbers of $166.75 million. In Q1 FY17, the Logistics’ operating income came in flat at $5.18 million. Moreover, the segment’s operating ratio was 97.2% in Q1 F17 versus 96.9% in Q1 FY16.

Cash Flow & Balance Sheet

In the quarter ended on March 31, 2017, Schneider National generated $89.16 million of cash from operations compared to $114.24 million in the previous year’s comparable quarter. The Company’s free cash for the reported quarter was $57.15 million compared to $26.15 in the last year’s corresponding quarter.

The Company had $79.26 million of cash and cash equivalents as on March 31, 2017, compared to $130.79 million at the close of books on December 31, 2016. Furthermore, the Company’s debt was marginally down to $422.77 million as on March 31, 2017, from $428.81 million recorded on December 31, 2016.

IPO

On May 05, 2017, Schneider National announced the pricing of its initial public offering of 28,947,000 shares of its Class B common stock, at $19 per share. Schneider issued and sold 16,842,000 shares and sold 12,105,000 shares of shareholders named in the registration statement. Additionally, Schneider’s Class B common stock began trading on the New York Stock Exchange under the symbol “SNDR” on April 06, 2017.

Stock Performance

At the closing bell, on Wednesday, May 31, 2017, Schneider National’s stock was marginally up by 0.05%, ending the trading session at $19.86. A total volume of 528.50 thousand shares were traded at the end of the day. In the last month, shares of the Company have advanced 4.03%. Moreover, the stock gained 4.53% since the start of the year. The Company’s shares are trading at a PE ratio of 22.91. At Wednesday’s closing price, the stock’s net capitalization stands at $3.60 billion.

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