Saia Q3 EPS flat at $3.67; revenue up 6.2% to $775.1M; operating ratio worsens to 83.4%

SAIA INC

2023-Q3 EPS reported $9.93 revenue$2,130,301,000

Diluted EPS $3.67 unchanged YoY; revenue $775.1M (+6.2%) on 12.2% LTL shipments per day growth.
Operating ratio deteriorated 100 bps to 83.4%; salaries & benefits +16% from 1,000+ new hires and 4.1% wage increase.
Late July volume surge from LTL competitor shutdown; LTL tonnage per day +6.7%, rev per cwt ex fuel +8.4%.
Cash $249.3M; net capex 9-month $338.4M; 2023 capex guidance >$400M, subject to market conditions.
Core pricing environment positive; management expects improved productivity as new staff gain experience.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAIA INC reported third quarter 2023 results: revenue $775.1 million, EPS $3.67.

Period: third quarter 2023
Revenue: $775.1 million
EPS: $3.67
Result: reported results

Exact text from the filing

$3.67 in the third quarter of 2022. Highlights from the third quarter operating results were as follows: Third Quarter 2023 Compared to Third Quarter 2022 Results • Revenue was $775.1 million, a 6.2% increase • Operating income was $128.4 million, a 0.1% increase • Operating ratio of 83.4% compared to 82.4% • LTL shipments per workday increased 12.2% • LTL tonnage per

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Source: SEC EDGAR

accession 0000950170-23-055799

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