Saia Earnings: Here’s Why Investors Like These Results
Saia, Inc. (NASDAQ:SAIA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.79%.
Saia, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 44.12% to $0.49 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 1.9% to $273.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Saia, Inc. reported adjusted EPS income of $0.49 per share. By that measure, the company beat the mean analyst estimate of $0.38. It beat the average revenue estimate of $272.49 million.
Quoting Management: “Saia’s superior service quality, operational excellence and revenue management initiatives facilitated another quarter of improved margins. We achieved a 120 basis point improvement in our operating ratio by marketing to customers who value quality service and by achieving targeted operational efficiencies. I am pleased that the company’s execution in key areas continues to progress margins and earnings per share,” said Rick O’Dell, Saia President and Chief Executive Officer.
Key Stats (on next page)…