Schneider National, Inc. Reports Second Quarter 2019 Results and Announces the Shutdown of its First to Final Mile Service Offering

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Go back to Schneider National, Inc. Reports Second Quarter 2019 Results and Announces the Shutdown of its First to Final Mile Service Offering

Schneider National, Inc. (SNDR) Misses Q2 EPS by 1c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus, Shuts Down 1st to Final Mile Services Offering

August 1, 2019 9:02 AM EDT

Schneider National, Inc. (NYSE: SNDR) reported Q2 EPS of $0.34, $0.01 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.28 billion.

Operating revenues of $1.2 billion, a decrease of 2% compared to second quarter 2018Income from operations of $49.2 million, a decrease of 46% compared to second quarter 2018Recorded a $34.6 million First to Final Mile (FTFM) goodwill impairmentAdjusted income from operations of $83.8 million, a decrease of 14% compared to second quarter 2018Diluted earnings per share of $0.19, compared to second quarter 2018 of $0.37Adjusted diluted... More