Saia Inc Stock Price, News & Analysis

Saia, Inc. (Nasdaq: SAIA) announced its fourth quarter 2022 results, reporting revenue of $655.7 million, a 6.3% increase year-over-year. However, diluted earnings per share decreased to $2.65 from $2.76 in Q4 2021. Operating income fell 4.8% to $92.7 million, leading to an operating ratio of 85.9%. Full-year revenue reached $2.8 billion, a 22.0% increase, with operating income up 40.4% to $470.5 million. Saia expanded its terminal network significantly, and plans five new openings in 2023. The company ended 2022 with $187.4 million cash and low debt levels, positioning itself well for future investments.

Saia, Inc. (Nasdaq: SAIA), a prominent transportation provider, will announce its quarterly financial results on February 3, 2023, before market opening. The management will host a conference call at 11:00 a.m. ET to discuss the outcomes. Interested participants can dial in at designated numbers or join the live webcast available on their investor relations page. The replay of the call will be accessible for a month, ensuring stakeholders can review the details.

Saia, Inc. (NASDAQ: SAIA) has reported a decline in LTL shipment and tonnage data for October and November 2022. In October, LTL shipments per workday dropped by 4.4%, while LTL tonnage fell by 3.0%. The average weight per shipment did, however, increase to 1,445 pounds, up 1.4% from October 2021. By November 29, the trend continued with an 8.6% decline in shipments and a 7.7% decline in tonnage. Despite the positive shift in shipment weight, these declines may indicate potential challenges for the company ahead.

Saia, Inc. (NASDAQ: SAIA) announced its annual scholarship program, awarding $75,000 to 20 students, bringing the total to $502,000 for 273 students since the program started. Ten students received $5,000 scholarships, and ten received $2,500 each. The scholarships are based on academic achievements, community service, and leadership capabilities. This initiative reflects Saia's core values and supports employees and their families pursuing higher education.

Saia, Inc. (Nasdaq: SAIA) announced a delay in its earnings call due to a technical issue with the GlobalMeet conference call platform. The call will now take place on November 1, 2022, at 8:00 AM Eastern Time. Participants can join by calling 786-697-3501 or 866-580-3963, referencing the "Third Quarter 2022 Earnings Call." The call will be webcast live and available for replay until November 25, 2022. Saia provides a variety of transportation services across 187 terminals in 45 states.

Saia, Inc. (NASDAQ: SAIA) reported strong third quarter 2022 results, with diluted earnings per share of $3.67, up from $2.98 in Q3 2021. Revenue reached $729.6 million, marking an 18.4% increase, while operating income rose 21.0% to $128.4 million. Despite a 2.5% drop in LTL shipments per workday, LTL revenue increased by 20.1% per shipment. The company opened five new terminals this quarter, improving operational efficiency and services. Cash on hand totaled $149.8 million with low debt levels of $34.9 million, enhancing its financial stability.

Saia Inc. (NASDAQ: SAIA) has opened a new LTL Freight terminal in Lafayette, Indiana, marking its fifth location in the state and first since 2019. This strategic facility, positioned between Indianapolis and Chicago, aims to enhance service to existing customers and tap into new markets. Saia President Fritz Holzgrefe emphasized the company's commitment to growth, having opened 11 terminals nationwide in 2022 to improve transit times and service offerings. Lafayette's commercial significance and proximity to Purdue University contribute to Saia's expansion strategy.

Saia, Inc. (Nasdaq: SAIA) will report its quarterly financial results on October 31, 2022, before the market opens. The management will hold a conference call at 10:00 a.m. Eastern Time to discuss these results. Participants can join the call by dialing 888-394-8218 or 323-794-2591, with conference ID #6820944. The call will also be webcast live on the company's website and available for replay until November 28, 2022. Saia operates 186 terminals across 45 states, providing a variety of logistics services.