Saia Reports Second Quarter Results
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Saia, Inc. (SAIA) Tops Q2 EPS by 17c, Revenues Beat
July 29, 2020 7:32 AM EDTSaia, Inc. (NASDAQ: SAIA) reported Q2 EPS of $1.07, $0.17 better than the analyst estimate of $0.90. Revenue for the quarter came in at $418.1 million versus the consensus estimate of $414.87 million.
Results
Revenue was $418.1 million, a 9.9% decreaseOperating income was $35.7 million, a 30.3% decreaseOperating ratio of 91.5 compared to 89.0LTL shipments per workday decreased 9.7%LTL tonnage per workday decreased by 8.9%LTL revenue per hundredweight decreased 0.6%LTL revenue per shipment rose 0.3% to $235.08Our second quarter results were achieved during one of the most volatile operating backdrops our company has ever faced,... More
