Saia, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 07:30 am EDT
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Saia, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 775.14 million compared to USD 729.56 million a year ago. Net income was USD 98.21 million compared to USD 97.89 million a year ago. Basic earnings per share from continuing operations was USD 3.69 compared to USD 3.69 a year ago. Diluted earnings per share from continuing operations was USD 3.67 compared to USD 3.67 a year ago.
For the nine months, sales was USD 2,130.3 million compared to USD 2,136.33 million a year ago. Net income was USD 265.63 million compared to USD 286.56 million a year ago. Basic earnings per share from continuing operations was USD 9.98 compared to USD 10.81 a year ago. Diluted earnings per share from continuing operations was USD 9.93 compared to USD 10.75 a year ago.
Saia, Inc. is a transportation company. The Company provides less-than-truckload (LTL) services through a single integrated organization. It also offers customers a range of other value-added services, including non-asset truckload, expedited, and logistics services across North America. Its subsidiary, Saia Motor Freight Line, LLC (Saia LTL Freight), is an LTL carrier that serves 45 states and provides LTL services to Canada and Mexico through relationships with third-party interline carriers. Saia LTL Freight specializes in offering its customers a range of LTL services, including time-definite and expedited options. Saia LTL Freight primarily provides its customers with solutions for shipments between 100 and 10,000 pounds. Saia LTL Freight operates a network comprised of approximately 194 owned and leased facilities, including three general offices and one warehouse, and also owns approximately 6,200 tractors and 20,800 trailers, including equipment acquired with finance leases.