Schneider National revenue rises 9% to $1.5853 billion in third quarter
Key Facts
Schneider National reported third-quarter results on October 29, 2026, with operating revenue of $1.5853 billion, up 9% from $1.4524 billion in the corresponding period of 2025. The figures showed growth in revenue and net income, while adjusted earnings per share came in below analysts’ estimate. Earnings per share were $0.29, missing the $0.30 estimate by $0.01, according to Investing.com. Revenue, meanwhile, was $1.6 billion according to the site’s data, above the consensus estimate of $1.58 billion. This reflects a mixed result across earnings and revenue measures, with reported figures differing between operating revenue in the company’s statement and the revenue cited in Investing.com’s comparison.
Net income rose to $49.5 million from $19.4 million in the third quarter of the previous year, while operating income increased 76% to $62.1 million, compared with $35.3 million. The adjusted operating ratio also improved to 95.3%, from 97.0% a year earlier, a 170-basis-point improvement, according to the investor relations statement. Chief Executive Jim Filter said the quarter’s performance reflected the company’s ability to turn improving market conditions into stronger earnings and margins. He added that truckload segment earnings “more than doubled” year over year. The figures put the increases in operating earnings and net income in the context of year-over-year improvement in the company’s metrics, while adjusted earnings per share remained below the market estimate.
In the logistics segment, revenue excluding fuel surcharges rose 12% to $372.5 million, an increase of $40.4 million from the corresponding period, the company said. But the segment’s operating income fell by $6.4 million, or 100%, which the company attributed to higher transportation costs and insurance expenses related to a prior claim. The divergence shows that revenue growth in the segment did not translate into higher operating income during the quarter. At the same time, management said improving market conditions helped support truckload segment earnings, which more than doubled year over year. The results thus highlight differing performance across the company’s businesses, with logistics revenue growth not bringing a corresponding improvement in segment income.
The company expects fiscal 2026 earnings per share of between $1.00 and $1.10, compared with an analyst consensus of $1.06, according to Investing.com. The consensus falls within the company’s outlook range, which extends from a low below consensus to a high above it. Chief Financial Officer Daryl Campbell said the outlook for the rest of the year assumes continued recovery in contract rates and benefits from productivity and cost-reduction initiatives. He also said peak-season demand and driver availability would remain influential factors. Management tied its outlook for the rest of the year to these assumptions, without specifying separate figures in the published quote for the impact of each factor.
Schneider National lowered its 2026 net capital expenditure outlook to $325–350 million, from a previous range of $350–400 million announced with its second-quarter results. The update means both the low and high ends of the new outlook are below their previous counterparts. The company’s shares, trading under the ticker SNDR, closed at $29.71 on October 28, according to EL7 data, before the third-quarter results were announced. The company held its earnings call on October 29, 2026, at 4:30 p.m. Eastern time, according to its investor relations page. The factors shaping the outlook for the rest of the year include a recovery in contract rates and productivity and cost-reduction initiatives, along with peak-season demand and driver availability.