Jack Knife
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Saia, Inc. today reported improved fourth quarter 2011 results on stronger revenue and improving pricing fundamentals.
Fourth Quarter 2011 Compared to Fourth Quarter 2010 Results
Saia Reports Fourth Quarter Earnings per Share of $0.15: Market Wire Business News - MSN Money
Fourth Quarter 2011 Compared to Fourth Quarter 2010 Results
- Revenues were $253 million, an increase of 13 percent from the prior year period
- Operating income increased more than three fold to $6.2 million compared to $1.8 million in the prior year period
- Earnings per share were $0.15 compared to $0.04 in the prior year period
- Operating ratio was 97.6 compared to 99.2 in the prior year period
- LTL tonnage increased by 1.5 percent as LTL shipments per workday were down 1.2 percent with a 2.8 percent increase in weight per shipment
- LTL yield was up 11.0 percent due to the impact of favorable pricing actions and higher fuel surcharges
- Claims expense was $4.8 million over the prior year due primarily to accident severity
Saia Reports Fourth Quarter Earnings per Share of $0.15: Market Wire Business News - MSN Money