Saia(SAIA)
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Saia(SAIA) - 2024 Q4 - Annual Results
2025-02-03 12:45
Exhibit 99.1 Saia Reports Fourth Quarter Results JOHNS CREEK, GA – February 3, 2025 – Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth quarter 2024 financial results. Diluted earnings per share for the quarter were $2.84 compared to $3.33 in the fourth quarter of 2023. Full year diluted earnings per share were $13.51 in 2024 compared to $13.26 in 2023. Highlights from the fou ...
Saia Reports Fourth Quarter Results
Globenewswire· 2025-02-03 12:30
JOHNS CREEK, Ga., Feb. 03, 2025 (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 fourth quarter 2024 financial results. Diluted earnings per share for the quarter were $2.84 compared to $3.33 in the fourth quarter of 2023. Full year diluted earnings per share were $13.51 in 2024 compared to $13.26 in 2023. Highlights from the fourth quarter and full year operatin ...
Saia (SAIA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2025-01-27 16:06
Wall Street expects a year-over-year decline in earnings on higher revenues when Saia (SAIA) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 3, 2025, might help the stock move higher if these key numbers are better than expectat ...
Joe Gibbs Racing and Saia LTL Freight Announce Multi-Year Partnership for Ty Gibbs and No. 54 Toyota Camry XSE
Globenewswire· 2025-01-24 19:14
Saia To Be Primary Sponsor for Seven Races During 2025 NASCAR Cup Series Season Saia LTL Freight has partnered with Joe Gibbs Racing to sponsor the No. 54 car. Saia LTL Freight has partnered with Joe Gibbs Racing for a multi-year sponsorship of Ty Gibbs and the No. 54 Toyota Camry XSE in the NASCAR Cup Series. HUNTERSVILLE, N.C., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is excited to announce that Saia LTL Freight has partnered with Joe Gibbs Racing for a multi-year sponsorship of Ty Gi ...
Saia to Announce Fourth Quarter 2024 Results on February 3, 2025
Globenewswire· 2025-01-09 21:30
JOHNS CREEK, Ga., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, announced that it will release its quarterly financial results before the market opens on Monday, February 3rd. Saia management will host a conference call to discuss the results later that morning at 10:00 a.m. Eastern Time. To participate in the call, please dial 1-877-317-6789 and request to joi ...
Saia Provides Fourth Quarter LTL Operating Data
GlobeNewswire News Room· 2024-12-03 12:30
JOHNS CREEK, Ga., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, is providing LTL shipment and tonnage data for the first two months of the fourth quarter. In October 2024, LTL shipments per workday increased 4.4%, LTL tonnage per workday increased 6.9% and LTL weight per shipment increased 2.4% to 1,352 pounds compared to 1,321 pounds in October 2023. In Novemb ...
Saia: Good Growth Prospects Should Drive Upside
Seeking Alpha· 2024-11-19 16:32
I have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusing primarily on managing my own money and my purpose here is to share my views and benefit from the insights of the Seeking Alpha user community. Feel free to provide your feedback on my thesis in the comment section and I would love to have a discussion even if you have a var ...
From One Truck to Industry Titan: Saia LTL Freight Celebrates 100 Years
GlobeNewswire News Room· 2024-11-15 16:06
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 ...
Saia(SAIA) - 2024 Q3 - Earnings Call Transcript
2024-10-25 23:18
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]
Saia(SAIA) - 2024 Q3 - Quarterly Report
2024-10-25 20:00
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 ...