Challenging times for Schneider National as profit and revenue decline
- Schneider National records lower 3Q profit and revenue
- Profit of $35.6 million, down from $125.9 million in the same quarter last year
- Adjusted earnings also came in at 20 cents a share
- Revenue fell 19% to $1.35 billion
- CEO Mark Rourke cites ongoing price pressures and headwinds as the main factors
Schneider National, a logistics company based in Green Bay, Wisconsin, recorded lower earnings and a decline in revenue during the third quarter. The company’s profit dropped to $35.6 million, down from $125.9 million in the same quarter last year. Adjusted earnings also came in at 20 cents a share, falling short of analysts’ expectations. Revenue fell by 19% to $1.35 billion, missing projections. CEO Mark Rourke attributed the declines to ongoing price pressures, primarily from the company’s network businesses, as well as headwinds from fuel prices, bad debt, and lower equipment gains. Rourke described the third quarter as the most challenging phase of the prolonged freight recession.
Factuality Level: 8
Factuality Justification: The article provides specific financial figures and quotes from the CEO, which adds credibility to the information. However, it does not provide any opposing viewpoints or independent analysis, which could potentially introduce bias or incomplete information.
Noise Level: 3
Noise Justification: The article provides relevant information about Schneider National’s lower earnings and decline in revenue during the third quarter. It includes specific figures and quotes from the company’s CEO. However, it lacks in-depth analysis or exploration of long-term trends or antifragility. It also does not hold powerful people accountable or provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Schneider National
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Schneider National, a logistics company. It discusses lower earnings and a decline in revenue during the third quarter due to persistent price pressures and other headwinds. However, there is no mention of an extreme event or its impact.
Public Companies: Schneider National (SNDR)
Key People: Mark Rourke (Chief Executive)
Reported publicly:
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