Sustainable Growth and Financial Review
Current quarter
"During our five years as a public company, we have achieved
meaningful progress toward our strategic objectives," said Mark
Rourke, Chief Executive Officer and President of Schneider. "We
set out to build a leading multimodal transportation platform that
operates at scale and and is resilient through business cycles.
The progress we have made, as further evidenced by our first
quarter results, provides momentum and excitement for the future."
"During the first quarter, revenue management and new dedicated
business helped mitigate inflationary cost pressures and ongoing
capacity headwinds in our network truckload business. Our recent
acquisition, MLS, is performing well and we have begun to realize
anticipated synergies," Rourke continued. "Revenue per order grew
16% in our Intermodal segment, supported by container additions
and effective revenue management, while our Logistics segment,
augmented by expansion of our Power Only offering and Schneider
FreightPower®, grew both revenue and earnings over the prior year
and delivered a record operating ratio of 92.3%."
The path forward
"We anticipate steady improvements to network and supply chain
fluidity throughout 2022," Rourke commented. "Based on our first
quarter results and company-specific market positioning, our
updated full year adjusted diluted earnings per share guidance
is $2.55-$2.70, an increase from our prior guidance of $2.35-$2.55.
Our full year guidance for net capital expenditures is updated to
$500 million, up from approximately $450 million."
SCHNEIDER
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