| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.4K | 0.2% |
| Total Income | 1.4K | 0.2% |
| Expenditure | 1.4K | 0.4% |
| PBT | 27.20 | 21.8% |
| Net Profit | 20.40 | 21.8% |
| OPM | 2.39% | 0.62pp |
| NPM | 1.46% | 0.40pp |
| EPS | 0.12 | 20.0% |
Schneider National Reports Q1 2026 Operating Revenues $1.4 Billion, Income from Operations Down 21%
01 May 2026 · 1 May, 1:51 am
Summary
Schneider National, Inc. reported first quarter 2026 operating revenues of $1.4 billion, which were flat compared to the prior year. Income from operations saw a 21% decline to $33.4 million, while diluted earnings per share decreased by 20% to $0.12. Despite challenges like disruptive weather and fuel volatility, management highlighted strong execution on cost and productivity actions. The company maintained its full-year 2026 adjusted diluted earnings per share guidance of $0.70 to $1.00, expecting benefits from structural business improvements and early cycle tailwinds.
Key Highlights
- 1
Schneider National, Inc. reported operating revenues of $1.4 billion for the first quarter of 2026, remaining consistent with the $1.4 billion recorded in the same period of 2025.
- 2
Income from operations for Q1 2026 decreased by 21% to $33.4 million, down from $42.1 million in the first quarter of 2025.
- 3
Diluted earnings per share for the quarter stood at $0.12, representing a 20% decline from $0.15 in the prior year's first quarter.
- 4
Adjusted diluted earnings per share also saw a 25% reduction, falling to $0.12 in Q1 2026 from $0.16 in Q1 2025.
- 5
The company's net capital expenditures decreased significantly, leading to a $53.5 million increase in free cash flow compared to the first quarter of 2025.
- 6
Management reaffirmed its full-year 2026 Adjusted Diluted Earnings per Share guidance, projecting it to be between $0.70 and $1.00.
- 7
Truckload revenues, excluding fuel surcharge, increased by 1% to $618.0 million in Q1 2026, driven by improved Network productivity and pricing.
Management Comments
Mark Rourke
In the first quarter, we saw the impact of structural supply rationalization which is driving the market toward more normal conditions. Strong execution on our cost and productivity actions, as well as the benefits of operating a diverse, nimble portfolio, allowed us to capitalize on opportunities and effectively navigate a quarter marked by disruptive weather and fuel volatility.
Mark Rourke
As freight fundamentals return to more rational cycle dynamics, we expect the benefits of our efforts to structurally improve the business through this downcycle will be increasingly evident. These efforts are now being complemented by measures we are taking to capitalize on early cycle tailwinds, such as leveraging our elevated spot exposure in Truckload Network and Logistics, maintaining a disciplined approach to contract acceptance and rate recovery, and growing over-the-road conversion opportunities for Intermodal.
Darrell Campbell
First quarter results ended in-line with our expectations despite some challenges in the form of fuel volatility and weather disruption. As market conditions improve, we continue to be focused on executing on our long-term strategic priorities. The actions already taken have positioned us to deliver strong operating leverage.
Darrell Campbell
We remain confident that 2026 will see the benefits of our initiatives and the positive impact of supply rationalization. While demand trends have been relatively stable to-date, macro uncertainty has grown. Demand remains a critical swing factor for the pace and magnitude of market improvement from here.
Darrell Campbell
As such, our 2026 full year adjusted diluted earnings per share guidance is unchanged at $0.70 to $1.00, which assumes a full year effective tax rate of approximately 24.0%. Our full year net capital expenditures are expected to remain at approximately $400-450 million.
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