Every material Form 8-K Schneider National filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Schneider National said on November 25, 2024 that its subsidiaries signed an agreement to acquire Cowan Systems, a privately owned Baltimore-based dedicated contract carrier, for about $390 million in cash, plus about $31 million for related real estate. The deal will be funded with existing cash and borrowings under a new term loan of up to $400 million, and the company expects it to close in the fourth quarter of 2024. Schneider says the acquisition is expected to be accretive to earnings per share within the first year, before synergies, which matters to shareholders because it adds debt and integration risk alongside the expected earnings benefit.
Purchase price of about $390 million in cash, net of cash acquired and certain adjustments, plus about $31 million for related real estate assets
Financed with existing cash on hand and borrowings under a 2024 Term Loan of up to $400 million, dated November 22, 2024 and maturing November 22, 2029
Cowan operates about 1,800 trucks and 7,500 trailers across more than 40 locations in the Eastern and Mid-Atlantic United States
Transaction expected to close in the fourth quarter of 2024; Schneider expects it to be accretive to earnings per share within the first year, before synergies
Schneider National reported third-quarter 2024 operating revenues of $1,315.7 million, down from $1,352.0 million a year earlier, and diluted earnings per share of $0.17 versus $0.20. The company lowered its full-year 2024 adjusted diluted earnings per share guidance to $0.66-$0.72 from $0.80-$0.90, citing shifted expectations for the timing of a freight market recovery. For shareholders, the filing shows lower earnings and a reduced profit outlook for the year.
Q3 2024 operating revenues were $1,315.7 million, compared with $1,352.0 million in Q3 2023.
Q3 2024 income from operations was $43.1 million, down 8% from $46.7 million; diluted EPS was $0.17 versus $0.20.
Full-year 2024 adjusted diluted EPS guidance was cut to $0.66-$0.72 from $0.80-$0.90.
Net capital expenditures guidance was updated to approximately $330.0 million, within the prior range of $300.0-$350.0 million.
Schneider National reported second quarter 2024 operating revenues of $1,316.7 million, down 2% from $1,346.5 million a year earlier, while income from operations fell 51% to $51.0 million and diluted EPS dropped to $0.20 from $0.43. The company also lowered its full-year 2024 adjusted diluted EPS guidance to $0.80-$0.90 from $0.85-$1.00, citing slower-than-expected pricing gains, which signals weaker profit expectations for shareholders.
Q2 2024 income from operations was $51.0 million versus $103.8 million in Q2 2023; diluted EPS was $0.20 versus $0.43.
Full-year 2024 adjusted diluted EPS guidance was cut to $0.80-$0.90 from $0.85-$1.00.
Net capital expenditures guidance was lowered to $300.0-$350.0 million from $350.0-$400.0 million.
Q2 2024 free cash flow was $112.9 million, compared with negative $57.1 million in Q2 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Schneider National filing is on SEC EDGAR ↗. 8-K briefs of other companies →