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

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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