earnings
confidence high
sentiment positive
materiality 0.80
Saia Q2 EPS $3.83 beats $3.42 YoY; revenue up 18.5% to $823.2M
SAIA INC
2024-Q2 EPS reported
$7.21
revenue$1,578,019,000
- Diluted EPS $3.83 vs $3.42; revenue $823.2M (+18.5%); operating income $137.6M (+14.4%).
- Operating ratio of 83.3% vs 82.7% due to investments; LTL shipments per workday +18.1%.
- LTL tonnage per workday +9.7%; revenue per cwt ex fuel +8.7%; revenue per shipment ex fuel +1.0%.
- Net capex $681.3M in H1 2024 (incl. $235.7M for Yellow properties); full-year guidance ~$1B.
- Opened 6 new terminals, relocated 2 in Q2; plans to open 10-13 more terminals in 2024.