Saia Q2 EPS $3.42 (down 16.6% YoY); revenue $694.6M (-6.8%); operating ratio 82.7%

SAIA INC

2023-Q2 EPS reported $6.27 revenue$1,355,157,000

Diluted EPS $3.42 vs $4.10; operating income $120.3M, down 17.6% YoY.
Revenue $694.6M, down 6.8%; LTL shipments per workday -3.8%, tonnage -1.7%.
Operating ratio 82.7% vs 80.4% a year ago; fuel surcharge revenue fell over 30%.
Core pricing improved: LTL rev per cwt ex fuel +2.7%, rev per shipment ex fuel +4.8%.
Net capex $226.5M in first half; expects >$400M for full year. Cash $235M, debt $21.4M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SAIA INC reported second quarter 2023 results: revenue $694.6 million, EPS $3.42.

Period: second quarter 2023
Revenue: $694.6 million
EPS: $3.42
Result: reported results

Exact text from the filing

in the second quarter of 2022. Highlights from the second quarter operating results were as follows: Second Quarter 2023 Compared to Second Quarter 2022 Results • Revenue was $694.6 million, a 6.8% decrease • Operating income was $120.3 million, a 17.6% decrease • Operating ratio of 82.7% compared to 80.4% • LTL shipments per workday decreased 3.8% • LTL tonnage per

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SAIA INC filing history →

Source: SEC EDGAR

accession 0000950170-23-035291

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