Saia, Inc. (SAIA) stock tumbles on earnings, revenue miss as winter weather impacts operations

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Go back to Saia, Inc. (SAIA) stock tumbles on earnings, revenue miss as winter weather impacts operations

Saia Announces Upcoming Retirement of CFO Douglas Col

April 26, 2024 7:45 AM EDT

JOHNS CREEK, Ga., April 26, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today announced that Douglas Col, Executive Vice President and Chief Financial Officer, plans to retire after 10 years at the Company, including the last four years as Chief Financial Officer.

Doug and I both joined Saia in 2014 and we have worked closely together since day one, said Frederick Holzgrefe, Saias President and Chief Executive Officer.... More

Saia Reports First Quarter Results

April 26, 2024 7:30 AM EDT

JOHNS CREEK, Ga., April 26, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported first quarter 2024 financial results. Diluted earnings per share for the quarter were $3.38 compared to $2.85 in the first quarter of 2023.

Highlights from the first quarter operating results were as follows:

First Quarter 2024 Compared to First Quarter 2023 Results

Revenue was $754.8 million, a 14.3% increaseOperating income was $117.9 million, an 18.9% increaseOperating ratio of 84.4% compared to 85.0%LTL shipments per... More