Saia, Inc. (NASDAQ: SAIA) shares jumped Monday, as the company, a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth-quarter 2024 financial results. Diluted earnings per share for the quarter were $2.84 compared to $3.33 in the fourth quarter of 2023. Full year diluted earnings per share were $13.51 in 2024 compared to $13.26 in 2023.
Highlights from the fourth-quarter and full-year operating results were as follows:
Fourth Quarter 2024 Compared to Fourth Quarter 2023 Results
• Revenue was $789.0 million, a 5.0% increase
• Operating income was $101.5 million, a 9.9% decrease
• Operating ratio of 87.1% compared to 85.0%
• LTL shipments per workday increased 4.5%
• LTL tonnage per workday increased 8.3%
• LTL revenue per hundredweight, excluding fuel surcharge revenue, decreased 2.3%
• LTL revenue per shipment, excluding fuel surcharge revenue, increased 1.3%
• Full-Year Highlights
• Revenue was $3.2 billion, an 11.4% increase
• Operating income was $482.2 million, a 4.7% increase
• Operating ratio of 85.0% compared to 84.0%
• LTL shipments per workday increased 11.5%
• LTL tonnage per workday increased 8.0%
• LTL revenue per hundredweight, excluding fuel surcharge revenue, increased 4.3%
• LTL revenue per shipment, excluding fuel surcharge revenue, increased 1.1%
SAIA shares popped $12.98, or 2.7%, to $493.09.
