NASDAQ$SAIA

Saia Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Saia reported record second quarter financial results driven by high levels of execution and customer first initiatives.

Saia, Inc. reported a record second quarter with revenue of $745.6 million and operating income of $146.0 million. The operating ratio improved to 80.4, and the company saw growth in LTL shipments and tonnage per workday, as well as LTL revenue per hundredweight and shipment.

  • Revenue increased by 30.5% to $745.6 million.
  • Operating income increased by 76.1% to $146.0 million.
  • Operating ratio improved to 80.4 compared to 85.5.
  • Diluted earnings per share were $4.10 compared to $2.34 in the second quarter of 2021.

Headline financials

Total Revenue

$746M

Previous: $571M+30.5%
EPS (adj)

$4.10

Previous: $2.34+75.2%
LTL shipments

32.0K

Previous: 2.0M-98.4%
LTL revenue/shipment

$353.75

Previous: $277.24+27.6%
LTL tonnage

22.6

Previous: 1.4M-100.0%
LTL revenue/cwt.

$25.05

Previous: $19.84+26.3%
LTL pounds/shipment

1.4K

Previous: 1.4K+1.1%
LTL length of haul

910

Previous: 911-0.1%
Capital Expenditures

-$156M

Previous: -$100M-56.0%
Free Cash Flow

-$47.1M

Previous: -$37.7M-24.9%
Net Income

$109M

Previous: $62.5M+74.9%
Operating Income

$146M

Previous: $82.9M+76.1%
Gross Profit

$146M

Previous: -$31.9M+557.8%
Cash & Equivalents

$138M

Previous: $52.9M+160.8%
Total Assets

$2.05B

Previous: $1.65B+24.3%

Revenue & EPS history

Saia · Revenue · Quarterly

$746M

Q2 2022+30.5%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company opened four new terminals in the quarter and plans are underway for an additional seven to ten terminals to be opened this year.

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 2022

Historical avgQ2 2022

+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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