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Sep 30, 2023
Saia Q3 2023 Earnings Report
Saia's Q3 2023 results reflected revenue growth and strategic volume management amidst competitor shutdown.
Key Takeaways
Saia, Inc. reported a 6.2% increase in revenue, reaching $775.1 million, and operating income saw a slight increase of 0.1% to $128.4 million. The company managed a significant surge in volume following a competitor's shutdown, while maintaining customer service levels. Earnings per share remained flat at $3.67 compared to the same quarter last year.
Revenue increased by 6.2% to $775.1 million.
Operating income rose slightly by 0.1% to $128.4 million.
LTL shipments per workday increased by 12.2%.
LTL revenue per hundredweight, excluding fuel surcharge, increased by 8.4%.
Saia
Saia
Forward Guidance
Saia anticipates net capital expenditures to exceed $400 million in 2023, subject to ongoing evaluation of market conditions.