JOHNS CREEK, Ga., Nov. 15, 2024 (GLOBE NEWSWIRE) -- This year, Saia Inc. (NASDAQ: SAIA) proudly celebrates Saia LTL Freight’s momentous 100th anniversary, reflecting on a remarkable journey that has established it as one of North America's leading transportation companies. From humble beginnings in Louisiana in 1924, Saia has grown into a titan in the industry. This milestone is a testament to the company's legacy of innovation, resilience, and unwavering commitment to excellence. Founded in response to the ...

Financial Data and Key Metrics Changes - Third quarter revenue increased by 8.6% year-over-year to $842 million, marking a record for any third quarter in the company's history [4][9] - Average daily shipments rose by 8.5% to approximately 37,200 compared to 34,300 last year [4] - Operating ratio deteriorated to 85.1%, a decline of 170 basis points from 83.4% in the same quarter last year [5][12] - Diluted earnings per share decreased to $3.46 from $3.67 year-over-year [12] Business Line Data and Key Metrics Changes - Yield per hundredweight, excluding fuel surcharge, increased by 1.7%, while revenue per shipment, excluding fuel surcharge, rose by 0.9% to $293.39 [5][9] - Tonnage per workday increased by 7.7%, driven by the rise in shipments per workday [10] - Purchased transportation expenses decreased by 14.5% compared to the previous year, accounting for 7.8% of total revenue [11] Market Data and Key Metrics Changes - Fuel surcharge revenue per workday decreased by 6.3%, representing 14.8% of total revenue compared to 16.9% a year ago [9] - The company opened 11 new terminals in the quarter, a record for any quarter, enhancing its service coverage across the contiguous 48 states [6][14] Company Strategy and Development Direction - The company remains focused on mix management and pricing initiatives, with strong contractual renewals at 7.9% [5][6] - The long-term strategy includes expanding the addressable market through new terminal openings and improving customer service [6][14] - Capital expenditures for 2024 are anticipated to be approximately $1 billion, reflecting ongoing investments in network expansion [14][15] Management's Comments on Operating Environment and Future Outlook - Management noted that while macroeconomic trends remain tepid, operational trends support continued execution of the growth strategy [13][15] - The company is optimistic about capturing the value of recent investments as the LTL market develops [16][28] - Management expressed confidence in the ability to improve operating ratios in 2025, even in a stable macro environment [31] Other Important Information - The company has experienced a significant increase in employee headcount, up approximately 13% year-over-year, to support growth and new terminal openings [10] - Claims and insurance expenses increased by 6.9% year-over-year, attributed to higher claims activity [11] Q&A Session Summary Question: Can you talk about the sequential growth in October? - Management provided monthly shipment and tonnage growth figures, indicating a slight increase in October despite external disruptions [17][18] Question: How do you feel about the revenue per hundredweight increase? - Management emphasized the importance of mix and pricing, noting strong contractual renewals and a recent general rate increase [22][23] Question: What is the expected operating ratio seasonality from Q3 to Q4? - Management indicated that the average sequential degradation is around 250 basis points, but they expect to outperform this due to current momentum [26] Question: How do you see margin improvement potential in 2025? - Management expressed optimism about achieving normal margin improvements, contingent on a stable macro environment [31] Question: What are the expectations for capital expenditures in 2025? - Management indicated that capital expenditures would normalize but remain elevated to support the larger business [45][46]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-49983 Saia, Inc. (Exact name of registrant as specified in its charter) Delaware 48-1229851 (State of incorporation) (I.R.S. Employer Identification No.) 114 ...

Core Insights - Saia reported revenue of $842.1 million for Q3 2024, marking an 8.6% year-over-year increase [1] - The EPS for the quarter was $3.46, down from $3.67 a year ago, with a surprise of -1.98% compared to the consensus estimate of $3.53 [1] - The revenue exceeded the Zacks Consensus Estimate by 0.76% [1] Financial Metrics - Operating Ratio was reported at 85.1%, slightly above the five-analyst average estimate of 85% [1] - LTL (Less-Than-Truckload) Tonnage reached 1,605 KTon, surpassing the two-analyst average estimate of 1,571.57 KTon [1] - LTL Revenue Per Hundredweight (CWT) was $25.64, slightly below the two-analyst average estimate of $25.80 [1] Stock Performance - Saia's shares have declined by 3.9% over the past month, while the Zacks S&P 500 composite increased by 1.4% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]

Saia (SAIA) came out with quarterly earnings of $3.46 per share, missing the Zacks Consensus Estimate of $3.53 per share. This compares to earnings of $3.67 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -1.98%. A quarter ago, it was expected that this trucking company would post earnings of $4 per share when it actually produced earnings of $3.83, delivering a surprise of -4.25%. Over the last four quarters, the company has ...

Revenue and Operating Income - Revenue for Q3 2024 was $842.1 million, an 8.6% increase compared to Q3 2023[1] - Operating income for Q3 2024 was $125.2 million, a 2.5% decrease compared to Q3 2023[1] - Operating revenue for Q3 2024 increased to $842.1 million, up 8.6% from $775.1 million in Q3 2023[8] LTL Shipments and Tonnage - LTL shipments per workday increased by 8.5% and LTL tonnage per workday increased by 7.7% in Q3 2024 compared to Q3 2023[1] - LTL tonnage increased by 9.4% to 1.605 million in Q3 2024 compared to 1.467 million in Q3 2023[10] - LTL shipments grew by 10.2% to 2.379 million in Q3 2024 from 2.158 million in Q3 2023[10] LTL Revenue Metrics - LTL revenue per hundredweight, excluding fuel surcharge revenue, increased by 1.7% in Q3 2024 compared to Q3 2023[1] - LTL revenue per shipment, excluding fuel surcharge revenue, increased by 0.9% in Q3 2024 compared to Q3 2023[1] - LTL revenue per hundredweight (cwt) excluding fuel surcharge increased by 1.7% to $21.75 in Q3 2024 from $21.39 in Q3 2023[10] Capital Expenditures and Investments - Net capital expenditures for the first nine months of 2024 were $873.2 million, compared to $338.4 million in the same period of 2023, with anticipated net capital expenditures of approximately $1 billion for 2024[3] - Net cash used in investing activities increased significantly to $868.2 million in the first nine months of 2024, up from $337.0 million in the same period of 2023[9] - Acquisition of property and equipment surged to $875.3 million in the first nine months of 2024, more than double the $340.5 million in the same period of 2023[9] Financial Position - The company ended Q3 2024 with $14.4 million in cash on hand and total debt of $191.0 million, compared to $249.3 million in cash and $18.9 million in total debt at the end of Q3 2023[2] Net Income and Earnings Per Share - Net income for Q3 2024 decreased to $92.7 million, down 5.6% from $98.2 million in Q3 2023[8] - Basic earnings per share decreased to $3.47 in Q3 2024 from $3.69 in Q3 2023[8] Operating Expenses and Ratio - Total operating expenses rose to $716.9 million in Q3 2024, an increase of 10.9% from $646.7 million in Q3 2023[8] - Operating ratio worsened to 85.1% in Q3 2024 from 83.4% in Q3 2023[10] Terminal Expansion - The company opened 11 new terminals and relocated one terminal during Q3 2024, with plans to open up to 3 additional terminals in Q4 2024, totaling 21 new openings for the year[1][2]

JOHNS CREEK, Ga., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported third quarter 2024 financial results. Diluted earnings per share for the quarter were $3.46 compared to $3.67 in the third quarter of 2023. Highlights from the third quarter operating results were as follows: Third Quarter 2024 Compared to Third Quarter 2023 Results Revenue was $842. ...

Analysts on Wall Street project that Saia (SAIA) will announce quarterly earnings of $3.53 per share in its forthcoming report, representing a decline of 3.8% year over year. Revenues are projected to reach $839.81 million, increasing 8.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior ...

JOHNS CREEK, Ga., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is pleased to announce that Saia LTL Freight is continuing its nationwide expansion with the opening of three new terminals this month. Today, a new facility is opening in Akron, Ohio. Two additional terminals are slated to open on Oct. 28 in Bowling Green and Paducah, Kentucky. These new locations will enhance service in these regions by reducing transit times and freight handling. "Opening these terminals in Ohio and Kentucky wil ...

The market expects Saia (SAIA) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 25, 2024, might help the stock move higher if these key numbers are be ...