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Dec 31, 2020
Saia Q4 2020 Earnings Report
Saia achieved record results in Q4 2020, driven by strong shipment growth and pricing actions.
Key Takeaways
Saia, Inc. reported record fourth-quarter results with a 7.5% increase in revenue to $476.5 million and diluted earnings per share of $1.51, compared to $0.81 in Q4 2019. The company's operating ratio improved to 89.4, and LTL shipments and tonnage per workday increased by 3.6% and 6.0%, respectively.
Revenue increased by 7.5% to $476.5 million.
Diluted earnings per share were $1.51, compared to $0.81 in Q4 2019.
Operating income increased by 84.6% to $50.6 million.
LTL revenue per shipment rose 3.5% to $246.88.
Forward Guidance
Saia plans to continue focusing on network expansion and profitability initiatives in 2021. The company anticipates net capital expenditures of approximately $275 million and has one planned terminal opening for the first quarter.
Positive Outlook
- Focus on network expansion to support future growth.
- Commitment to continuing profitability initiatives.
- Planned terminal opening in the first quarter.
- Reviewing several other terminal opportunities.
- Investing in the business to support employees and provide essential services.
Challenges Ahead
- Inflationary cost pressures in the business, including wage increases.
- Need to manage mix and pricing to cover cost pressures and improve margins.
- Still operating in challenging conditions due to the "Covid" operating protocol.
- Potential for increased severity of auto liability claims.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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