Loading...
•
Jun 30, 2023
Saia Q2 2023 Earnings Report
Saia reported a decrease in revenue and operating income due to a softer economic environment, but strong core execution and customer service helped to mitigate the impact.
Key Takeaways
Saia's second quarter 2023 results showed a decrease in revenue by 6.8% to $694.6 million and a decrease in operating income by 17.6% to $120.3 million compared to the same period last year. Despite the softer economic environment, the company's strong core execution and commitment to customer service allowed them to raise prices and improve revenue per shipment excluding fuel surcharge revenue.
Revenue decreased by 6.8% to $694.6 million.
Operating income decreased by 17.6% to $120.3 million.
Diluted earnings per share were $3.42 compared to $4.10 in the second quarter of 2022.
The company opened five new terminals, enhancing their market position.
Forward Guidance
Saia anticipates that net capital expenditures will be in excess of $400 million in 2023, subject to ongoing evaluation of market conditions.
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...