Saia Inc ( (SAIA) ) has released its Q4 earnings. Here is a breakdown of the information Saia Inc presented to its investors.
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Saia, Inc., headquartered in Georgia, is a prominent transportation company providing less-than-truckload (LTL), non-asset truckload, expedited, and logistics services across the United States.
In its fourth-quarter 2024 earnings report, Saia Inc. announced a slight decline in diluted earnings per share compared to the previous year, despite recording a revenue increase. The company showed resilience with a rise in full-year earnings per share and significant progress in expanding its operational capacity.
The fourth-quarter revenue climbed by 5.0% to $789.0 million, although operating income fell by 9.9%. The operating ratio increased to 87.1% from 85.0% in the previous year. LTL shipments and tonnage per workday saw notable increases, despite a decrease in LTL revenue per hundredweight. For the full year, revenue rose to $3.2 billion, with a 4.7% rise in operating income and an improvement in LTL revenue metrics.
Saia opened 21 new terminals and relocated nine, marking its 100th year in operation with 214 terminals nationwide. It onboarded approximately 1,300 new employees, reflecting significant investment in personnel and infrastructure. Capital expenditures surpassed $1 billion, highlighting strategic investments in real estate, technology, and equipment.
Looking ahead, Saia remains committed to enhancing its service offerings and maintaining operational excellence. The company’s strategic focus on growth, supported by substantial capital investments, positions it well for future market conditions.
