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Sep 30, 2021
Saia Q3 2021 Earnings Report
Saia achieved record results in Q3 2021, surpassing previous records set in Q2 2021.
Key Takeaways
Saia, Inc. reported record third quarter results with revenue, operating income, operating ratio, net income and EPS all reaching new record levels. The company maintained its on-time delivery standard and managed to navigate the tight labor market and supply chain disruptions.
Revenue increased by 28.0% compared to Q3 2020.
Operating income increased by 84.5% compared to Q3 2020.
Diluted earnings per share were $2.98, compared to $1.56 in Q3 2020.
The company opened a new terminal in Fredericksburg, Virginia and two additional terminals in Youngstown, Ohio and New Haven, Connecticut.
Saia
Saia
Forward Guidance
The company plans to open two additional terminals by year end and has plans to open 10-15 new terminals in 2022.