GREEN BAY, WI — Schneider National, Inc. (NYSE: SNDR) has reported its financial performance for the second quarter ending June 30, 2024. The company saw a 51% drop in operating income to $51 million and a decrease in diluted earnings per share to $0.20, compared to $0.43 a year earlier. This decline was attributed to lower gains from the sale of transportation equipment and decreased revenues across its Truckload, Intermodal, and Logistics segments.
Despite these challenges, Schneider is optimistic about the second half of the year, anticipating improved freight replenishment and margin performance. Truckload revenues increased slightly, while Intermodal and Logistics revenues fell. Schneider’s cash flow from operations rose, and the company continued its stock repurchase program, having bought back 3.6 million Class B shares.
The company has adjusted its full-year 2024 earnings per share guidance to $0.80 – $0.90 and net capital expenditures to $300 – $350 million.