Recent Updates — SNDR
Schneider National reported third-quarter operating revenues of $1.59 billion and income from operations of $62.1 million, compared with $1.45 billion and $35.3 million in the prior-year period. Diluted earnings per share rose to $0.28 from $0.11, while adjusted diluted EPS reached $0.29 versus $0.12. The company raised its full-year 2026 adjusted diluted EPS guidance to a range of $1.00 to $1.10 and updated net capital expenditure expectations to $325 million-$350 million. Additionally, the board declared a quarterly dividend of $0.10 per share payable January 12, 2027. Schneider National is a leading provider of surface transportation and logistics solutions in North America.
The Board of Directors approved a quarterly cash dividend of $0.10 per share on Class A and Class B common stock for the fourth quarter of 2026. The dividend is payable to shareholders of record as of December 11, 2026, with payment expected on January 12, 2027. Schneider National operates in the transportation industry, providing multimodal logistics, truckload, and intermodal services.
On September 30, 2026, Schneider National's subsidiary, Schneider Receivables Corporation, entered into Amendment No. 7 to its secured accounts receivable facility with Wells Fargo Bank. The amendment increases the available borrowing commitments from $200 million to $400 million and raises the letter of credit sublimit from $150 million to $250 million. Additionally, the agreement extends the termination date to September 28, 2029, and adjusts eligibility criteria for trade accounts receivables to enhance facility availability. This financing arrangement allows the subsidiary to borrow against qualifying receivables based on Term SOFR rates. Schneider National operates in the transportation industry, providing truckload freight services and logistics solutions.
On September 10, 2026, Schneider National Leasing, Inc., a wholly-owned subsidiary of Schneider National, entered into a new $350 million revolving credit facility maturing in September 2031. This agreement allows for an additional $350 million increase and includes a $100 million letter of credit sublimit. The company simultaneously terminated its existing $250 million credit facility dated November 4, 2022, which had no outstanding borrowings at the time of termination. Additionally, the subsidiary amended its unsecured term loan agreement to align covenants with the new revolving facility. Schneider National operates in the transportation and logistics industry.
Schneider National, Inc. reported second quarter 2026 financial results with operating revenues increasing 10% to $1.57 billion and diluted earnings per share rising 40% to $0.28 compared to the prior year period. The company raised its full-year 2026 adjusted diluted EPS guidance to a range of $0.90-$1.10, up from the previous forecast of $0.70-$1.00, while maintaining net capital expenditure guidance between $350 million and $400 million. Additionally, the Board declared a quarterly cash dividend of $0.10 per share, payable on October 9, 2026 to shareholders of record as of September 11, 2026. Schneider National operates in the surface transportation and logistics industry.