Loading...
•
Jun 30, 2020
Saia Q2 2020 Earnings Report
Saia's Q2 2020 financial results were reported, reflecting a challenging quarter with revenue and operating income decreases, but also demonstrating resilience and adaptability amidst the COVID-19 pandemic.
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.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...