Loading...
•
Mar 31, 2022
Saia Q1 2022 Earnings Report
Saia reported record quarterly revenue and a record first quarter operating ratio.
Key Takeaways
Saia, Inc. reported a strong first quarter in 2022, with record revenue and a record first quarter operating ratio. The company's LTL shipments and tonnage per workday increased, and revenue per shipment also rose significantly. Saia is expanding its terminal network and anticipates further openings throughout the year.
Revenue increased by 36.6% compared to Q1 2021.
Operating income increased by 112.4% compared to Q1 2021.
Operating ratio improved to 84.4 compared to 89.9 in Q1 2021.
Diluted earnings per share were $2.98 compared to $1.40 in Q1 2021.
Saia
Saia
Forward Guidance
The company anticipates opening a total of 10 to 15 new locations in 2022.
Positive Outlook
- Expansion of terminal network to improve coverage.
- Ability to provide premium service.
- Opportunity to charge premium rates.
- Overcoming inflationary costs.
- Improving margins to continue investments in Company and employees.
Challenges Ahead
- General economic conditions including downturns or inflationary periods in the business cycle.
- Operation within a highly competitive industry and the adverse impact from downward pricing pressures, including in connection with fuel surcharges, and other factors.
- Industry-wide external factors largely out of our control.
- Cost and availability of qualified drivers, dock workers and other employees, purchased transportation and fuel.
- Claims expenses and other expense volatility, including for personal injury, cargo loss and damage, workers’ compensation, employment and group health plan claims.