Schneider National lowers FY24 adjusted EPS view to 80c-90c from 85c-$1.00

Consensus 81c. Lowers FY24 capital expenditures view to $300M-$350M from $350M-$400M. “Our results for the second quarter reflected progress in both external market dynamics and our continued internal efforts to restore margins,” said Darrell Campbell, Executive Vice President and Chief Financial Officer of Schneider. “We are approximately three quarters of the way through the freight allocation season in our network businesses and those outcomes have shifted the timing of achieving the level of pricing improvements that we previously anticipated. As a result, we are updating our full year 2024 adjusted diluted earnings per share guidance to a range of $0.80 – $0.90, as well as net capital expenditures guidance to a range of $300 – $350 million.”