NASDAQ$SAIA

Saia Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Saia's Q2 2020 financial results were reported, reflecting a challenging quarter with revenue and operating income decreases, but also demonstrating resilience and adaptability amidst the COVID-19 pandemic.

Saia Inc. reported a decrease in revenue by 9.9% to $418.1 million and a decrease in operating income by 30.3% to $35.7 million compared to Q2 2019. Diluted earnings per share were $1.07, down from $1.40 in the same quarter last year. The company's operating ratio was 91.5 compared to 89.0 in the prior year.

  • Revenue decreased by 9.9% year-over-year to $418.1 million.
  • Operating income decreased by 30.3% year-over-year to $35.7 million.
  • Diluted earnings per share decreased to $1.07 from $1.40 in Q2 2019.
  • The operating ratio increased to 91.5 compared to 89.0 in the prior year.

Headline financials

Total Revenue

$418M

Previous: $464M-9.9%
EPS (adj)

$1.07

Previous: $1.40-23.6%
LTL shipments

1.7M

Previous: 1.9M-9.7%
LTL revenue/shipment

$235.08

Previous: $234.33+0.3%
LTL tonnage

1.1M

Previous: 1.3M-8.9%
LTL revenue/cwt.

$17.95

Previous: $18.05-0.6%
LTL pounds/shipment

1.3K

Previous: 1.3K+0.8%
LTL length of haul

876

Previous: 841+4.2%
Capital Expenditures

-$149M

Previous: -$166M+10.6%
Free Cash Flow

-$120M

Previous: -$129M+6.9%
Net Income

$28.5M

Previous: $37.1M-23.2%
Operating Income

$35.7M

Previous: $51.2M-30.3%
Gross Profit

-$32M

Previous: -$26.7M-20.1%
Cash & Equivalents

$29.3M

Previous: $503K+5721.1%
Total Assets

$1.54B

Previous: $1.35B+13.8%

Revenue & EPS history

Saia · Revenue · Quarterly

$418M

Q2 2020-9.9%vs Q2 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The COVID-19 pandemic has created unprecedented disruption and uncertainty for our business and our customers. Though the outlook remains uncertain, we have demonstrated our ability to pivot and adapt to this increased volatility.

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 Q2 2020

Historical avgQ2 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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