Saia Q1 EPS $3.38 beats $2.85; revenue $754.8M +14.3%; capex ~$1B

SAIA INC

2024-Q1 EPS reported $3.38 revenue$754,775,000

Diluted EPS $3.38 vs $2.85; revenue $754.8M +14.3%; operating income $117.9M +18.9%, operating ratio 84.4%.
LTL shipments per workday +15.7%, tonnage +6.2%; revenue per cwt ex fuel +10.5%.
Net capex $456.8M in Q1 (vs $128.1M); full-year guidance ~$1B; includes $235.7M for Yellow Corp properties.
Opened 4 new terminals; plans 15-20 new terminals in 2024; added >2,000 trailers, 400 tractors, 400 forklifts.
Cash $12.3M, total debt $84.1M at March 31, 2024 vs $166.4M cash and $26.5M debt a year ago.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAIA INC reported first quarter 2024 results: revenue $754.8 million, EPS $3.38.

Period: first quarter 2024
Revenue: $754.8 million
EPS: $3.38
Result: reported results

Exact text from the filing

$2.85 in the first quarter of 2023. Highlights from the first quarter operating results were as follows: First Quarter 2024 Compared to First Quarter 2023 Results • Revenue was $754.8 million, a 14.3% increase • Operating income was $117.9 million, an 18.9% increase • Operating ratio of 84.4% compared to 85.0% • LTL shipments per workday increased 15.7% • LTL tonnage

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Source: SEC EDGAR

accession 0000950170-24-048672

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