Schneider National Inc - Class B

Schneider National posted a mixed but broadly constructive first quarter, beating the bottom-line consensus while coming in just shy on revenue as the Cowan Systems acquisition and a strong Intermodal turnaround offset a softer freight backdrop. Adjusted diluted EPS of $0.16 topped the $0.14 consensus estimate by 15.27%, rising 45% year over year, while operating revenue of $1.40 billion grew 6.3% from a year ago but fell 0.60% short of the $1.41 billion Wall Street expected. The Cowan-driven expansion of Dedicated trucking, where average truck count surged 27% to 8,543 trucks, was the standout operational story, complemented by Intermodal's operating ratio improving 250 basis points to 94.7% as enterprise income from operations climbed 47% to $42.10 million. The board also declared a quarterly dividend of $0.10 per share, signaling continued capital return amid the uncertainty. Management tempered the outlook, cutting full-year 2025 adjusted diluted EPS guidance to $0.75 to $1.00 from a prior $0.90 to $1.20, citing declining consumer sentiment and growing shipper caution tied to the broader macroeconomic environment.