earnings
confidence high
sentiment negative
materiality 0.70
Saia Q3 EPS $3.46, down from $3.67; revenue up 8.6% to $842.1M
SAIA INC
2024-Q3 EPS reported
$10.68
revenue$2,420,122,000
- Diluted EPS $3.46 vs $3.67; operating income $125.2M, down 2.5%; operating ratio 85.1% vs 83.4%.
- Revenue $842.1M, +8.6%; LTL shipments +8.5%, tonnage +7.7%; rev per cwt ex fuel +1.7%.
- Net capex first 9 months $873.2M (incl. $235.7M for Yellow properties); FY2024 capex ~$1B.
- Opened 11 terminals in Q3; now serve all contiguous 48 states; plan 3 more in Q4 for 21 total.
- Cash $14.4M, debt $191.0M vs $249.3M cash and $18.9M debt a year ago.