Schneider National, Inc. (NYSE: SNDR) reported Q4 EPS of $0.37, $0.02 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.22 billion.

“Collectively, we leveraged our portfolio and delivered solid results despite the muted seasonal peak of the fourth quarter,” stated Mark Rourke, Chief Executive Officer and President of Schneider. “Core Truckload generated an operating ratio of 89.1% driven by the performance of our Dedicated operations and effective cost management. Intermodal delivered a fourth quarter operating ratio of 87.7% and surpassed $1 billion in annual revenue for the first time in 2019. Logistics grew brokerage volumes which helped mitigate rate compression.”

“We took several actions during 2019 to refine our freight mix and the services we offer. In addition, we improved our cost profile, lowered our age of fleet and drove improvements through continued investments in technology,” Rourke continued. “We believe these actions position us well for 2020 and the opportunities that lie ahead.”

GUIDANCE:

Schneider National, Inc. sees FY2020 EPS of $1.25-$1.35, versus the consensus of $1.29.

• Operating Revenues $1.2 billion
• Income from Operations $78.1 million; Adjusted Income from Operations $91.4 million
• Diluted Earnings Per Share $0.32; Adjusted Diluted Earnings Per Share $0.37

“We are optimistic about 2020 as we expect a supportive macroeconomic climate to lead to a more balanced marketplace, especially in the second half of the year as capacity levels rationalize,” noted Rourke. “We expect to generate growth by delivering truck-like reliability in our Intermodal offering, creative solutions in our Dedicated and specialty offerings, and deployment of new technology across our portfolio. We are committed to deliver value to our customers, returns for our shareholders and a quality experience for our professional drivers. Our full year 2020 guidance for adjusted diluted EPS is $1.25 to $1.35, and our net capital expenditures guidance is approximately $310 million.”

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