NASDAQ$SAIA

Saia Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Saia's first quarter results were marked by shipment volatility and a downturn in business volumes due to the COVID-19 pandemic, but the company was able to make cost adjustments and achieve a record low first quarter operating ratio.

Saia Inc. reported an 8.7% increase in revenue, a 35.4% increase in operating income, and diluted earnings per share of $1.06 compared to $0.85 in the first quarter of 2019. The company experienced shipment volatility due to the COVID-19 pandemic but managed to improve financial results through cost adjustments and productivity improvements.

  • Revenue increased by 8.7% compared to the first quarter of 2019.
  • Operating income increased by 35.4% compared to the first quarter of 2019.
  • The operating ratio improved to 91.3 compared to 93.0 in the first quarter of 2019.
  • LTL shipments per workday rose 2.3%.

Headline financials

Total Revenue

$446M

Previous: $411M+8.7%
EPS (adj)

$1.06

Previous: $0.85+24.7%
LTL shipments

1.8M

Previous: 1.7M+3.9%
LTL revenue/shipment

$241.61

Previous: $230.43+4.9%
LTL tonnage

1.2M

Previous: 1.1M+5.6%
LTL revenue/cwt.

$18.16

Previous: $17.61+3.1%
LTL pounds/shipment

1.3K

Previous: 1.3K+1.8%
LTL length of haul

848

Previous: 831+2.0%
Capital Expenditures

-$108M

Previous: -$56.7M-89.6%
Free Cash Flow

-$79.5M

Previous: -$34.5M-130.5%
Net Income

$28.1M

Previous: $22.3M+26.3%
Operating Income

$38.8M

Previous: $28.6M+35.4%
Gross Profit

-$24.8M

Previous: -$22.7M-9.2%
Cash & Equivalents

$46.9M

Previous: $31K+151219.4%
Total Assets

$1.58B

Previous: $1.25B+26.5%

Revenue & EPS history

Saia · Revenue · Quarterly

$446M

Q1 2020+8.7%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Saia has prioritized its 2020 investment plan to match its current outlook, selectively foregoing some previously planned investments until business conditions improve, while remaining open to opportunistic investments.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.1%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+4.8%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+21.3%

Q2 2012

Best reaction

-30.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+0.1%+11.9%
Q4 2025-6.8%-6.0%-22.9%
Q3 2025+2.2%+3.9%+1.5%
Q2 2025-2.5%-1.7%-0.2%
Q1 2025-30.7%-31.1%-25.4%
Q4 2024-2.0%+2.0%-17.7%
Q3 2024+15.7%+18.6%+30.7%
Q2 2024-21.0%-14.6%-17.7%
Q1 2024-23.4%-27.1%-26.3%
Q4 2023+13.8%+14.7%+24.0%
Q3 2023-5.3%+0.8%+12.5%
Q2 2023+3.0%+3.5%-0.9%
Q1 2023+11.9%+13.8%+9.4%
Q4 2022+2.1%+1.0%+2.8%
Q3 2022+7.9%+9.2%+26.7%
Q2 2022+13.5%+16.4%+7.9%
Q1 2022+2.4%+5.3%-4.9%
Q4 2021-2.9%-7.3%-11.7%
Q3 2021+14.1%+22.2%+22.6%
Q2 2021+10.4%+15.1%+17.4%
Q1 2021-0.6%-2.3%-4.5%
Q4 2020+8.2%+9.8%+17.2%
Q3 2020+4.1%+12.3%+22.2%
Q2 2020-3.8%-3.1%+7.0%
Q1 2020+8.2%+3.8%+26.9%
Q4 2019+8.5%+11.6%-0.9%
Q3 2019-15.0%-8.4%-9.6%
Q2 2019+8.1%+9.3%+22.8%
Q1 2019+2.1%+7.0%-8.4%
Q4 2018+10.5%+7.1%+2.2%
Q3 2018+10.3%+9.6%+3.7%
Q2 2018+1.5%+1.9%+5.2%
Q1 2018-1.3%+3.6%+22.9%
Q4 2017-4.9%-4.0%-7.7%
Q3 2017+2.9%+3.0%+1.3%
Q2 2017+4.9%+3.7%+1.6%
Q1 2017-2.3%-5.5%-4.2%
Q4 2016-1.8%-2.6%+0.2%
Q3 2016+19.2%+22.3%+45.5%
Q2 2016+8.2%+11.2%+10.1%
Q1 2016+1.4%
Q4 2015+17.2%
Q3 2015-23.7%
Q2 2015+12.2%
Q1 2015-5.4%
Q4 2014-3.5%
Q3 2014-2.2%
Q2 2014+6.2%
Q1 2014+5.5%
Q4 2013-3.0%
Q3 2013-5.7%
Q2 2013-4.7%
Q1 2013+6.9%
Q4 2012+3.3%
Q3 2012-4.1%
Q2 2012+21.3%
Q1 2011-1.2%
Q1 2012+12.1%
Q4 2011-1.8%
Q4 2009-1.8%
Q3 2011+0.8%
Q3 2010+0.8%
Q2 2010-8.5%
Q2 2011-8.5%
Q4 2010-8.5%
Q1 2010-0.5%

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