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Dec 31, 2019
Saia Q4 2019 Earnings Report
Saia's Q4 2019 earnings decreased compared to Q4 2018, with revenue increasing but offset by investments and increased expenses.
Key Takeaways
Saia Inc. reported an 8.9% increase in revenue for Q4 2019, reaching $443.1 million. However, diluted earnings per share decreased to $0.81 compared to $0.97 in Q4 2018. The company's operating income also decreased by 17.7% to $27.4 million, with an operating ratio of 93.8 compared to 91.8 in the prior year.
Revenue increased by 8.9% to $443.1 million.
Diluted earnings per share were $0.81, including a $0.07 positive impact from tax credits.
Operating income decreased by 17.7% to $27.4 million.
LTL shipments per workday rose 6.3%.
Saia
Saia
Forward Guidance
Saia plans a light terminal opening schedule in 2020, focusing on service execution and margin improvement through cost leverage.