Schneider National, Inc. (NYSE: SNDR) reported Q1 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.01 million versus the consensus estimate of $996.4 million.

GUIDANCE:

Schneider National, Inc. sees FY2017 EPS of $0.92-$1.02, versus the consensus of $0.96.

Business Outlook

“We anticipate the market pressures of first quarter 2017 to carry into the second quarter,” said Lofgren. “However, we expect improving market conditions in the second half of 2017 driven both by an improving freight market as well as concerns surrounding the impending ELD mandate. Our breadth of service offerings positions us well to succeed as the market tightens. For 2017, we anticipate net capital expenditures to be in the range of $325 million – $350 million, which includes $100 million for chassis. Gain on sale of property and equipment is anticipated to remain flat year over year. Further, we anticipate adjusted diluted earnings per share of $0.92 – $1.02, which includes the impact of increased share count from the recent IPO estimated at $0.10 per share.”

Highlights:

• Operating Revenues of $1.0 billion, an increase of 8.4% compared to first quarter 2016
• Net Income of $22.6 million, a decrease of 19.8% compared to first quarter 2016
• Diluted Earnings Per Share of $0.14, compared to first quarter 2016 of $0.18
• Adjusted Diluted Earnings Per Share of $0.15, compared to first quarter 2016 of $0.18

For earnings history and earnings-related data on Schneider National, Inc. (SNDR) click here.