Saia Q2 2020 Earnings Report
Key Takeaways
Saia Inc. reported a decrease in revenue by 9.9% to $418.1 million and a decrease in operating income by 30.3% to $35.7 million compared to Q2 2019. Diluted earnings per share were $1.07, down from $1.40 in the same quarter last year. The company's operating ratio was 91.5 compared to 89.0 in the prior year.
Revenue decreased by 9.9% year-over-year to $418.1 million.
Operating income decreased by 30.3% year-over-year to $35.7 million.
Diluted earnings per share decreased to $1.07 from $1.40 in Q2 2019.
The operating ratio increased to 91.5 compared to 89.0 in the prior year.
Saia
Saia
Forward Guidance
The COVID-19 pandemic has created unprecedented disruption and uncertainty for our business and our customers. Though the outlook remains uncertain, we have demonstrated our ability to pivot and adapt to this increased volatility.