By Katherine Hamilton
Schneider National posted a higher profit in its fourth quarter and said momentum in the freight industry shows signs of recovery for 2025.
The transportation and logistics services company posted a profit of $32.6 million, or 18 cents a share, in the three months ended Dec. 31, compared with $27.4 million, or 15 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were 20 cents, in line with what analysts polled by FactSet expected.
Operating revenue slipped about 2% to $1.34 billion. Analysts surveyed by FactSet forecast revenue of $1.36 billion.
Yearly income fell to $117 million from $238.5 million. Revenue for 2024 was $5.29 billion, down from $5.5 billion.
The Green Bay, Wis.-based trucking said Thursday the fourth quarter showed some signs of demand recovery, as more carriers left the market and demand more closely aligned with seasonal expectations.
Fourth-quarter earnings improved across all reportable segments for the first time since the second quarter of 2022, reflecting Shneider's efforts to expand margins, it said. Annual financial indicators were mostly down compared with 2023.
In December, the company acquired Cowan Systems, which adds to its dedicated business. Dedicated now represents 70% of the truckload segment, Schneider said.
The company expects 2025 to bring improvements to the freight industry, it said. It shared guidance for 2025, including adjusted per-share earnings of 90 cents to $1.20, which would be an increase from the 69 cents a share in 2024. It also expects to record capital expenditures between $400 million and $450 million.
"For 2025, our Truckload Network focus is on returning the business to profitability by improving price, growing variable cost capacity, and continuing to execute cost and asset efficiency actions," said Chief Financial Officer Darrel Campbell.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 30, 2025 09:45 ET (14:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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