Core Insights - Saia reported revenue of $842.1 million for Q3 2024, marking an 8.6% year-over-year increase [1] - The EPS for the quarter was $3.46, down from $3.67 a year ago, with a surprise of -1.98% compared to the consensus estimate of $3.53 [1] - The revenue exceeded the Zacks Consensus Estimate by 0.76% [1] Financial Metrics - Operating Ratio was reported at 85.1%, slightly above the five-analyst average estimate of 85% [1] - LTL (Less-Than-Truckload) Tonnage reached 1,605 KTon, surpassing the two-analyst average estimate of 1,571.57 KTon [1] - LTL Revenue Per Hundredweight (CWT) was $25.64, slightly below the two-analyst average estimate of $25.80 [1] Stock Performance - Saia's shares have declined by 3.9% over the past month, while the Zacks S&P 500 composite increased by 1.4% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]

Saia (SAIA) came out with quarterly earnings of $3.46 per share, missing the Zacks Consensus Estimate of $3.53 per share. This compares to earnings of $3.67 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -1.98%. A quarter ago, it was expected that this trucking company would post earnings of $4 per share when it actually produced earnings of $3.83, delivering a surprise of -4.25%. Over the last four quarters, the company has ...

Revenue and Operating Income - Revenue for Q3 2024 was $842.1 million, an 8.6% increase compared to Q3 2023[1] - Operating income for Q3 2024 was $125.2 million, a 2.5% decrease compared to Q3 2023[1] - Operating revenue for Q3 2024 increased to $842.1 million, up 8.6% from $775.1 million in Q3 2023[8] LTL Shipments and Tonnage - LTL shipments per workday increased by 8.5% and LTL tonnage per workday increased by 7.7% in Q3 2024 compared to Q3 2023[1] - LTL tonnage increased by 9.4% to 1.605 million in Q3 2024 compared to 1.467 million in Q3 2023[10] - LTL shipments grew by 10.2% to 2.379 million in Q3 2024 from 2.158 million in Q3 2023[10] LTL Revenue Metrics - LTL revenue per hundredweight, excluding fuel surcharge revenue, increased by 1.7% in Q3 2024 compared to Q3 2023[1] - LTL revenue per shipment, excluding fuel surcharge revenue, increased by 0.9% in Q3 2024 compared to Q3 2023[1] - LTL revenue per hundredweight (cwt) excluding fuel surcharge increased by 1.7% to $21.75 in Q3 2024 from $21.39 in Q3 2023[10] Capital Expenditures and Investments - Net capital expenditures for the first nine months of 2024 were $873.2 million, compared to $338.4 million in the same period of 2023, with anticipated net capital expenditures of approximately $1 billion for 2024[3] - Net cash used in investing activities increased significantly to $868.2 million in the first nine months of 2024, up from $337.0 million in the same period of 2023[9] - Acquisition of property and equipment surged to $875.3 million in the first nine months of 2024, more than double the $340.5 million in the same period of 2023[9] Financial Position - The company ended Q3 2024 with $14.4 million in cash on hand and total debt of $191.0 million, compared to $249.3 million in cash and $18.9 million in total debt at the end of Q3 2023[2] Net Income and Earnings Per Share - Net income for Q3 2024 decreased to $92.7 million, down 5.6% from $98.2 million in Q3 2023[8] - Basic earnings per share decreased to $3.47 in Q3 2024 from $3.69 in Q3 2023[8] Operating Expenses and Ratio - Total operating expenses rose to $716.9 million in Q3 2024, an increase of 10.9% from $646.7 million in Q3 2023[8] - Operating ratio worsened to 85.1% in Q3 2024 from 83.4% in Q3 2023[10] Terminal Expansion - The company opened 11 new terminals and relocated one terminal during Q3 2024, with plans to open up to 3 additional terminals in Q4 2024, totaling 21 new openings for the year[1][2]

JOHNS CREEK, Ga., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported third quarter 2024 financial results. Diluted earnings per share for the quarter were $3.46 compared to $3.67 in the third quarter of 2023. Highlights from the third quarter operating results were as follows: Third Quarter 2024 Compared to Third Quarter 2023 Results Revenue was $842. ...

Analysts on Wall Street project that Saia (SAIA) will announce quarterly earnings of $3.53 per share in its forthcoming report, representing a decline of 3.8% year over year. Revenues are projected to reach $839.81 million, increasing 8.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior ...

JOHNS CREEK, Ga., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is pleased to announce that Saia LTL Freight is continuing its nationwide expansion with the opening of three new terminals this month. Today, a new facility is opening in Akron, Ohio. Two additional terminals are slated to open on Oct. 28 in Bowling Green and Paducah, Kentucky. These new locations will enhance service in these regions by reducing transit times and freight handling. "Opening these terminals in Ohio and Kentucky wil ...

The market expects Saia (SAIA) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 25, 2024, might help the stock move higher if these key numbers are be ...

JOHNS CREEK, Ga., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) proudly announces that Saia LTL Freight has been awarded the 2024 SmartWay Excellence Award by the Environmental Protection Agency (EPA). Saia was the sole recipient in the less-than-truckload (LTL) category, recognizing its leadership and continued commitment to reducing its environmental impact through innovative business practices. The SmartWay Excellence Award represents the EPA's highest recognition for top-tier environmental ...

JOHNS CREEK, Ga., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, announced that it will release its quarterly financial results before the market opens on Friday, October 25th. Saia management will host a conference call to discuss the results later that morning at 10:00 a.m. Eastern Time. To participate in the call, please dial 1-800-715-9871 or 1-646-307-1963 ...

Saia reported another month of strong demand in August. Shares of Saia (SAIA -0.82%), the less-than-truckload (LTL) logistics provider were among the winners last month as the company reported solid metrics from July and August, and won some positive notes from Wall Street analysts. As a result, the stock gained 16% for September, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock jumped early in September on its monthly-shipping report and continued to cli ...