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Schneider National, Inc. (SNDR) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Schneider National, Inc.

CIK: 1692063 Ticker: SNDR


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Schneider National, Inc. Reports Second Quarter 2018 Results
Portfolio of Services Drives Significant Year-over-Year Revenue and Earnings Growth
Operating Revenues of $1.2 billion, an increase of 15% compared to second quarter 2017
Revenues (excluding fuel surcharge) of $1.1 billion, an increase of 12% compared to second quarter 2017
Net Income of $65.8 million, an increase of 42% compared to second quarter 2017
Diluted Earnings Per Share of $0.37, compared to second quarter 2017 of $0.27
Adjusted Diluted Earnings Per Share of $0.40, compared to second quarter 2017 of $0.23
Full year 2018 Adjusted Diluted Earnings Per Share updated guidance of $1.45 to $1.55
 
Green Bay, Wis. - (August 2, 2018) – Schneider National, Inc. (NYSE: SNDR, “Schneider” or the “Company”), a leading transportation and logistics services company, today announced results for the quarter and six months ended June 30, 2018.

“Our portfolio of service offerings consisting of asset, asset-light, and non-asset businesses delivered strong financial results for a couple of key reasons," noted Chris Lofgren, Chief Executive Officer of Schneider. “First, we provided our customers with a variety of valuable alternatives in a highly driver-constrained environment as evidenced by growth in our Intermodal and Logistics segments. Second, our Quest technology platform delivered enhanced margins through driver and asset productivity, in conjunction with yield management. Our Intermodal segment improved its operating ratio by over 750 basis points compared to the second quarter of 2017, and more than 250 basis points sequentially compared to the first quarter of 2018, due to the benefits of our 2017 chassis conversion, strong execution, market dynamics, and the complete integration of our Quest platform. We continue to work with our customers to ensure productivity in all aspects of their supply chains. The foreseeable limited supply of driver capacity puts productivity at a premium.”

Results of Operations (unaudited)

The following table sets forth, for the periods indicated, the Company’s results of operations:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions, except ratios and per share amounts)
 
2018
 
2017
 
2018
 
2017
Operating revenues
 
$
1,236.3

 
$
1,075.2

 
$
2,375.3

 
$
2,081.6

Revenues (excluding fuel surcharge) 
 
$
1,103.2

 
$
982.6

 
$
2,124.4

 
$
1,898.8

Income from operations
 
$
91.7

 
$
79.0

 
$
159.3

 
$
122.5

Adjusted income from operations
 
$
97.5

 
$
67.7

 
$
165.1

 
$
112.5

Operating ratio
 
92.6
%
 
92.7
%
 
93.3
%
 
94.1
%
Adjusted operating ratio
 
91.2
%
 
93.1
%
 
92.2
%
 
94.1
%
Net income
 
$
65.8

 
$
46.5

 
$
113.4

 
$
69.1

Adjusted net income
 
$
70.1

 
$
39.7

 
$
117.7

 
$
63.1

Diluted earnings per share
 
$
0.37

 
$
0.27

 
$
0.64

 
$
0.42

Adjusted diluted earnings per share
 
$
0.40

 
$
0.23

 
$
0.66


$
0.38

Weighted average diluted shares outstanding
 
177.2

 
174.5

 
177.2

 
165.4




1


The following information was filed by Schneider National, Inc. (SNDR) on Thursday, August 2, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Details)
Common Equity
Common Equity (Tables)
Common Equity - Additional Information (Details)
Common Equity - Calculation Of Basic And Diluted Earnings Per Share (Details)
Debt And Credit Facilities
Debt And Credit Facilities (Tables)
Debt And Credit Facilities - Additional Information (Details)
Debt And Credit Facilities - Summary Of Debt (Details)
Fair Value
Fair Value Fair Value (Tables)
Fair Value Fair Value - Additional Information (Details)
Fair Value Fair Value Of Debt Portfolio (Details)
General
General (Policies)
General - Additional Information (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Details)
Goodwill And Other Intangible Assets - Schedule Estimated Future Amortization Expense (Details)
Goodwill And Other Intangible Assets - Schedule Of Changes In Carrying Amount Of Goodwill (Details)
Goodwill And Other Intangible Assets - Schedule Of Identifiable Intangible Assets Other Than Goodwill (Details)
Income Taxes
Income Taxes - Additional Information (Details)
Investments
Investments (Details)
Investments (Tables)
Investments Investment In Platform Science, Inc. (Details)
Lease Receivables
Lease Receivables (Tables)
Lease Receivables - Summary Of Investment In Lease Receivables (Details)
Marketable Securities - Schedule Of Marketable Securities (Details)
Revenue Recognition Amortization Of Contract Fulfillment Costs (Details)
Revenue Recognition Capitalized Contract Cost (Details)
Revenue Recognition Contract With Customer, Asset And Liability (Details)
Revenue Recognition Disaggregation Of Revenue (Details)
Revenue Recognition Initial Application Period Cumulative Effect Adjustment (Details)
Revenue Recognition Revenue Recognition
Revenue Recognition Revenue Recognition (Tables)
Revenue Recognition Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction (Details)
Revenue Recognition Summary Of Impact Of Adoption Of Accounting Standards (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Additional Information (Details)
Segment Reporting - Depreciation And Amortization Expense (Details)
Segment Reporting - Income From Operations (Details)
Segment Reporting - Revenue By Segment (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation Additional Information (Details)
Share-Based Compensation Components Of Share-Based Compensation Expense (Details)
Share-Based Compensation Nonqualified Stock Options (Details)
Share-Based Compensation Performance Shares And Psus (Details)
Share-Based Compensation Restricted Shares And Rsus (Details)
Share-Based Compensation Stock Option Valuation Assumptions (Details)

Material Contracts, Statements, Certifications & more

Schneider National, Inc. provided additional information to their SEC Filing as exhibits

Ticker: SNDR
CIK: 1692063
Form Type: 10-Q Quarterly Report
Accession Number: 0001692063-18-000153
Submitted to the SEC: Fri Aug 03 2018 1:04:05 PM EST
Accepted by the SEC: Fri Aug 03 2018
Period: Saturday, June 30, 2018
Industry: Trucking No Local

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