Published on 29 Jan 2024 on GuruFocus.com via Yahoo Finance
Schneider National Inc (SNDR) Faces Headwinds Amid Challenging Freight Environment
Operating Revenues: $1.4 billion in Q4 2023, down 12% from $1.6 billion in Q4 2022.Income from Operations: $31.3 million in Q4 2023, a significant decrease from $143.3 million in Q4 2022.Net Income: $27.4 million in Q4 2023, a 75% drop from $110.1 million in Q4 2022.Diluted Earnings Per Share (EPS): $0.15 in Q4 2023, compared to $0.62 in Q4 2022.Adjusted Diluted EPS: $0.16 in Q4 2023, reflecting a 75% decrease year-over-year.Full Year 2024 Guidance: Adjusted Diluted EPS of $1.15 - $1.30 and Net Capital Expenditures of $400.0 - $450.0 million.
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On February 1, 2024, Schneider National Inc (NYSE:SNDR), one of North America's largest surface transportation and logistics solutions providers, released its 8-K filing, disclosing the fourth quarter and full-year results for the period ended December 31, 2023. The company, which operates through segments such as Truckload, Intermodal, and Logistics, reported a decline in operating revenues and net income, reflecting the ongoing challenges in the freight market.