Saia Q4 EPS $3.33, revenue $751.1M +14.5% YoY; plans 15-20 new terminals in 2024

SAIA INC

2023-FY EPS reported $13.26 revenue$2,881,433,000

Q4 diluted EPS $3.33 (vs $2.65 YoY); revenue $751.1M (+14.5%); operating ratio 85.0% vs 85.9%.
LTL shipments/workday +18.1%, tonnage +8.2%; revenue per hundredweight ex-fuel +11.7%.
Full-year 2023 EPS $13.26 (vs $13.40); revenue $2.9B (+3.2%); operating ratio 84.0% vs 83.1%.
Acquired 17 terminals and lease rights for 11 more in mid-Jan 2024; plans 15-20 new terminals in 2024.
Ended 2023 with $296.2M cash; net capex $437.2M in 2023, expects ~$1B in 2024.

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 fourth quarter 2023 results: revenue $751.1 million, EPS $3.33.

Period: fourth quarter 2023
Revenue: $751.1 million
EPS: $3.33
Result: reported results

Exact text from the filing

to $13.40 in 2022. Highlights from the fourth quarter and full year operating results were as follows: Fourth Quarter 2023 Compared to Fourth Quarter 2022 Results • Revenue was $751.1 million, a 14.5% increase • Operating income was $112.7 million, a 21.5% increase • Operating ratio of 85.0% compared to 85.9% • LTL shipments per workday increased 18.1% • LTL tonnage

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Source: SEC EDGAR

accession 0000950170-24-010102

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