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SNDR Schneider National

Schneider is a leading transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions and operating one of the largest for-hire trucking Feets in North America.

Company profile

Ticker
SNDR
Exchange
CEO
Christopher Lofgren
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
1.4488 International Holding Company Limited • 2.Fleet Operator Master, Inc. • 3.INS Insurance, Inc. • 4.Lodeso Inc. • 5.Packerland Tech Ventures LLC • 6.Schneider Enterprise Resources, LLC • 7.Schneider Finance, Inc. • 8.Schneider IEP, Inc. • 9.Schneider International Operations, LLC • 10.Schneider Leasing de Mexico ...

SNDR stock data

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Calendar

29 Jul 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 490.5M 490.5M 490.5M 490.5M 490.5M 490.5M
Cash burn (monthly) (positive/no burn) 18.61M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 69.4M n/a n/a n/a n/a
Cash remaining n/a 421.1M n/a n/a n/a n/a
Runway (months of cash) n/a 22.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Oct 21 Giertz James R Class B Common Stock Grant Acquire A No No 22.85 12.42 283.8 33,337.33
1 Oct 21 Godfrey Adam P Class B Common Stock Grant Acquire A No No 22.58 2,049 46.27K 651,461
1 Oct 21 Grubbs Robert W Class B Common Stock Grant Acquire A No No 22.58 1,108 25.02K 317,439
8 Jul 21 Giertz James R Class B Common Stock Grant Acquire A No No 21.39 13.22 282.78 33,324.91
1 Jul 21 Godfrey Adam P Class B Common Stock Grant Acquire A No No 22.14 2,089 46.25K 649,412

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

48.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 209 199 +5.0%
Opened positions 36 34 +5.9%
Closed positions 26 48 -45.8%
Increased positions 80 70 +14.3%
Reduced positions 65 65
13F shares
Current Prev Q Change
Total value 991.04M 1.97B -49.8%
Total shares 45.54M 46.81M -2.7%
Total puts 23.2K 0 NEW
Total calls 39.3K 52.9K -25.7%
Total put/call ratio 0.6
Largest owners
Shares Value Change
Vanguard 4.51M $98.12M -11.2%
BLK Blackrock 3.93M $85.64M +17.3%
MS Morgan Stanley 3.37M $73.26M +21.8%
Massachusetts Financial Services 2.78M $60.5M -7.0%
Aqr Capital Management 2.48M $53.89M +14.5%
Dimensional Fund Advisors 1.97M $42.85M +3.1%
STT State Street 1.36M $29.8M -10.3%
GS Goldman Sachs 1.35M $29.49M +125.5%
Schmidt P J Investment Management 1.3M $27.79M -1.2%
WFC Wells Fargo & Co. 1.19M $25.92M +2.2%
Largest transactions
Shares Bought/sold Change
FMR 277.56K -2.33M -89.3%
GS Goldman Sachs 1.35M +754.01K +125.5%
Deprince Race & Zollo 0 -723.65K EXIT
ASB Associated Banc-Corp. 664.11K -646.19K -49.3%
MS Morgan Stanley 3.37M +603.11K +21.8%
BLK Blackrock 3.93M +581.59K +17.3%
Vanguard 4.51M -566.93K -11.2%
Russell Investments 104.89K -335.79K -76.2%
Aqr Capital Management 2.48M +314.04K +14.5%
Millennium Management 564.23K +274.01K +94.4%

Financial report summary

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Risks
  • Cautionary Statement Concerning Forward-Looking Statements
  • Risks Related to Our Business, Industry, and Strategy
  • Our operating results may be adversely affected by unfavorable economic and market conditions.
  • We operate in a highly competitive and fragmented industry that is characterized by intense price competition which could have a materially adverse effect on our results of operations.
  • Well-resourced, non-traditional competitors have entered our industry and markets who appear to be willing to operate at little or no margin in order to gain market share which, individually or collectively, could cause us to lower our pricing and have a materially adverse effect on our results of operations.
  • We derive a significant portion of our revenues from our major customers, the loss of one or more of which could have a materially adverse effect on our business.
  • Difficulties attracting and retaining qualified drivers could materially, adversely affect our profitability and ability to maintain or grow our fleet.
  • We have transitioned a significant subset of our employee population to remote work environments in an effort to mitigate the spread of COVID-19 which may exacerbate the cybersecurity risks to our business, including an increased demand for information technology resources, increased risk of phishing, and other cybersecurity attacks.
  • If fuel prices increase significantly, our results of operations could be adversely affected.
  • We depend on railroads in the operation of our intermodal business, and therefore, our ability to offer intermodal services could be limited if we experience instability from third parties we use in that business.
  • We depend on third-party capacity providers, and issues of performance, availability, or pricing with these transportation providers could increase our operating costs, reduce our ability to offer intermodal and brokerage services, and limit growth in our brokerage and logistics operations, which could adversely affect our revenue, results of operations, and customer relationships.
  • We are making strategic investments in new offerings and technologies and expect to continue to make such investments in the future. These ventures are inherently risky, and we may never realize any expected benefits from them which could have a material adverse effect on our business and financial results.
  • Severe weather and similar events could harm our results of operations or make our results more volatile.
  • Risks Relating to Our Financial Condition, Taxation, and Capital Requirements
  • Our goodwill or long-lived assets may become impaired, which could result in a significant charge to earnings.
  • We have significant ongoing capital requirements that could affect our profitability if our capital investments do not match customer demand for invested resources, or we are unable to generate sufficient cash from operations.
  • Our effective tax rate may fluctuate which would impact our future financial results.
  • Insurance and claims expenses could significantly reduce our earnings.
  • Risks Relating to Our Governance Structure
  • Voting control of the Company is concentrated with a Voting Trust that was established for certain members of the Schneider family which limits the ability of our other shareholders to influence major corporate transactions.
  • We are a “controlled company” within the meaning of the rules of the NYSE and, as a result, qualify for, and intend to rely on, exemptions from certain corporate governance requirements relating to our Corporate Governance Committee. Our shareholders will not have the same protections afforded to shareholders of other companies that are subject to such requirements.
  • The price of our Class B common stock has been and may continue to be volatile and may fluctuate significantly which may adversely impact investor confidence and increase the likelihood of securities class action litigation.
  • Certain provisions in our certificate of incorporation, by-laws, and Wisconsin law may prevent or delay an acquisition of the Company, which could decrease the trading price of our Class B common stock.
  • We may change our dividend policy at any time.
  • Risks Related to Legal Compliance
  • If the independent contractors with whom we engage under our alternative owner-operator business model are deemed by law to be employees, our business, financial condition, and results of operations could be adversely affected.
  • We operate in a regulated industry, and increased direct and indirect costs of compliance with, or liability for violation of, existing or future regulations could have a material adverse effect on our business.
  • Our operations are subject to various environmental laws and regulations, the violation of which could result in substantial fines or penalties.
  • We rely significantly on our information technology systems, a disruption, failure, or security breach of which could have a material adverse effect on our business.
  • Our success depends on our ability to attract and retain key employees, and if we are unable to attract and retain such qualified employees, our business and our ability to execute our business strategies may be materially impaired.
  • We are subject to various claims and lawsuits in the ordinary course of business which could adversely affect us.
Management Discussion
  • In this section of our report, we present the following non-GAAP financial measures: (1) revenues (excluding fuel surcharge), (2) adjusted income from operations, (3) adjusted operating ratio, and (4) adjusted net income. We also provide reconciliations of these measures to the most directly comparable financial measures calculated and presented in accordance with GAAP.
  • Management believes the use of each of these non-GAAP measures assists investors in understanding our business by (1) removing the impact of items from our operating results that, in our opinion, do not reflect our core operating performance, (2) providing investors with the same information our management uses internally to assess our core operating performance, and (3) presenting comparable financial results between periods. In addition, in the case of revenues (excluding fuel surcharge), we believe the measure is useful to investors because it isolates volume, price, and cost changes directly related to industry demand and the way we operate our business from the external factor of fluctuating fuel prices and the programs we have in place to manage fuel price fluctuations. Fuel-related costs and their impact on our industry are important to our results of operations, but they are often independent of other, more relevant factors affecting our results of operations and our industry.
  • Although we believe these non-GAAP measures are useful to investors, they have limitations as analytical tools and may not be comparable to similar measures disclosed by other companies. You should not consider the non-GAAP measures in this report in isolation or as substitutes for, or alternatives to, analysis of our results as reported under GAAP. The exclusion of unusual or infrequent items or other adjustments reflected in the non-GAAP measures should not be construed as an inference that our future results will not be affected by unusual or infrequent items or by other items similar to such adjustments. Our management compensates for these limitations by relying primarily on our GAAP results in addition to using the non-GAAP measures.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: capable, digital, expansion, high, hypothetical, pool, premium, strength, susceptible
Removed: actively, alter, approved, attributed, consummate, exit, healthcare, imposed, integrate, model, negotiate, ongoing, outbreak, referred, spread, uncertain, uncertainty, workforce