Saia, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 03, 2023 at 07:54 am EST
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Saia, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 655.73 million compared to USD 617.08 million a year ago. Net income was USD 70.86 million compared to USD 73.76 million a year ago. Basic earnings per share from continuing operations was USD 2.67 compared to USD 2.8 a year ago. Diluted earnings per share from continuing operations was USD 2.65 compared to USD 2.76 a year ago.
For the full year, sales was USD 2,792.06 million compared to USD 2,288.7 million a year ago. Net income was USD 357.42 million compared to USD 253.24 million a year ago. Basic earnings per share from continuing operations was USD 13.48 compared to USD 9.62 a year ago. Diluted earnings per share from continuing operations was USD 13.4 compared to USD 9.48 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 198 owned and leased facilities, including three general offices and one warehouse, and also owns approximately 6,500 tractors and 22,100 trailers, including equipment acquired with finance leases.
SAIA, INC. 
