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Jun 30, 2022
Saia Q2 2022 Earnings Report
Saia reported record second quarter financial results driven by high levels of execution and customer first initiatives.
Key Takeaways
Saia, Inc. reported a record second quarter with revenue of $745.6 million and operating income of $146.0 million. The operating ratio improved to 80.4, and the company saw growth in LTL shipments and tonnage per workday, as well as LTL revenue per hundredweight and shipment.
Revenue increased by 30.5% to $745.6 million.
Operating income increased by 76.1% to $146.0 million.
Operating ratio improved to 80.4 compared to 85.5.
Diluted earnings per share were $4.10 compared to $2.34 in the second quarter of 2021.
Saia
Saia
Forward Guidance
The company opened four new terminals in the quarter and plans are underway for an additional seven to ten terminals to be opened this year.