Schneider National (SNDR) investor relations material

Executive summary

• Operating revenues for Q2 2026 increased 10% year-over-year to $1.57 billion, with net income up 38% to $49.7 million and adjusted EBITDA rising to $180 million, driven by disciplined revenue management, cost reduction, productivity initiatives, and favorable market conditions.

• Earnings more than doubled sequentially, marking the strongest quarter-over-quarter improvement in a decade, with all segments contributing to growth and supported by structural improvements, cost savings, and a multimodal strategy.

• Management maintained a nimble multimodal approach, advancing strategic priorities and disciplined capital allocation.

• Technology investments and AI are enhancing productivity, revenue management, and cost efficiency across segments.

Financial highlights

• Q2 2026 operating revenues reached $1,568.7 million (up from $1,420.5 million in Q2 2025), with revenues excluding fuel surcharge at $1.328 billion.

• Adjusted income from operations was $73 million, a 29% increase year-over-year; adjusted EBITDA was $180 million, up from $166.3 million.

• Adjusted diluted EPS was $0.29, up from $0.21 in the prior year quarter; diluted EPS was $0.28.

• Adjusted operating ratio improved to 94.5% from 95.6% year-over-year.

• Free cash flow for Q2 2026 was $87.9 million, with cash and cash equivalents at $292.7 million and total debt at $396.5 million as of June 30, 2026.

Outlook and guidance

• Full-year 2026 adjusted diluted EPS guidance raised to $0.90–$1.10, up from prior $0.70–$1.00, reflecting improved performance and cost savings.

• Net capital expenditures for 2026 expected to be $350–$400 million, revised down from $400–$450 million, focusing on asset efficiency and fleet age improvement.

• Guidance assumes continued supply attrition, stable demand, ongoing cost savings, and a full-year effective tax rate of approximately 24%.

• Anticipates loss of a large dedicated customer in the second half, but expects meaningful year-over-year earnings growth at all guidance points.