NASDAQ$SAIA

Saia Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Saia achieved record results in Q3 2021, surpassing previous records set in Q2 2021.

Saia, Inc. reported record third quarter results with revenue, operating income, operating ratio, net income and EPS all reaching new record levels. The company maintained its on-time delivery standard and managed to navigate the tight labor market and supply chain disruptions.

  • Revenue increased by 28.0% compared to Q3 2020.
  • Operating income increased by 84.5% compared to Q3 2020.
  • Diluted earnings per share were $2.98, compared to $1.56 in Q3 2020.
  • The company opened a new terminal in Fredericksburg, Virginia and two additional terminals in Youngstown, Ohio and New Haven, Connecticut.

Headline financials

Total Revenue

$616M

Previous: $481M+28.0%
EPS (adj)

$2.86

Previous: $1.56+83.3%
LTL shipments

2.0M

Previous: 2.0M+2.3%
LTL revenue/shipment

$299.02

Previous: $239.60+24.8%
LTL tonnage

1.4M

Previous: 1.3M+11.0%
LTL revenue/cwt.

$21.36

Previous: $18.59+14.9%
LTL pounds/shipment

1.4K

Previous: 1.3K+8.6%
LTL length of haul

915

Previous: 893+2.5%
Capital Expenditures

-$155M

Previous: -$205M+24.6%
Free Cash Flow

-$75.2M

Previous: -$164M+54.1%
Net Income

$79.7M

Previous: $41.5M+91.9%
Operating Income

$106M

Previous: $55.2M+92.2%
Gross Profit

-$30.1M

Previous: -$26M-15.7%
Cash & Equivalents

$122M

Previous: $25.5M+377.8%
Total Assets

$1.79B

Previous: $1.57B+14.3%

Revenue & EPS history

Saia · Revenue · Quarterly

$616M

Q3 2021+28%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company plans to open two additional terminals by year end and has plans to open 10-15 new terminals in 2022.

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 Q3 2021

Historical avgQ3 2021

+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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