The following is a summary of the Schneider National, Inc. (SNDR) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Schneider National reported a decreased Q1 adjusted income from operations ($85 million), down 74% from previous year and diluted EPS was $0.11 compared to previous year's $0.55.

• The company held a stable EBITDA of $131 million for the quarter.

• Revenues excluding fuel surcharge for Q1 2024 were flat year-on-year for the Asset-Based truckload segment.

• Strong operating cash flow of $98 million for the quarter was recorded, with net debt leverage at 0.4 times, achieving balance sheet solidity.

• The company modified full-year net CapEx expectations to range between $350 million to $400 million and adjusted EPS guidance to range from $0.85 to $1.

Business Progress:

• Schneider National is focusing on cost reduction and heightened asset efficiency, operating in a financially challenging market.

• The company noted a positive outlook for contract price renewals and the dedication of improved business efforts towards account start-up and a robust pipeline.

• Schneider expects growth in intermodal and logistics volumes, and continuous truck expansion in the dedicated sector based on pipeline visibility.

• The company plans to grow intermodal service faster than over-the-road transportation and to drive out some empty miles in their network, reducing costs and enhancing productivity.

• Schneider National intends to accelerate investment in its competitive edge areas and has noted growth in dedicated and intermodal tractors.

More details: Schneider National IR

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