Saia Reports Fourth Quarter Earnings

Discussion in 'Saia' started by truckdriver, Feb 3, 2017.

  1. truckdriver

    truckdriver Active Member

    Messages:
    243
    Likes Received:
    86
    Trophy Points:
    28
    Fourth Quarter 2016 Compared to Fourth Quarter 2015 Results

    • Revenues were $300.2 million, a 4.4% increase despite one less workday
    • Operating income decreased 2.4% to $17.2 million
    • Net income fell 9.1% to $10.3 million
    • Diluted earnings per share were $0.40 compared to $0.45
    • Operating ratio deteriorated by 40 basis points to 94.3
    • LTL shipments per workday increased 2.1%
    • LTL tonnage per workday increased 1.4%
    • LTL revenue per hundredweight increased 5.1%

    2016 Results Compared to 2015 Results

    • Revenues were essentially flat at $1.2 billion
    • Operating income fell by 12.0% to $79.1 million
    • Net income of $48.0 million was 12.7% lower than the prior year
    • Diluted earnings per share were $1.87 versus the $2.16 earned in 2015
    • Operating ratio of 93.5 compares to 92.6 last year
    • LTL shipments were down 0.7%
    • LTL tonnage declined 2.4%
    • LTL revenue per hundredweight increased 3.2%
     
  2. ltltrkr

    ltltrkr Active Member

    Messages:
    507
    Likes Received:
    80
    Trophy Points:
    28
    Opening into the N. E. is probably costing already. New bosses ,terminal leases, updating the terminals all adds to the bottom line.
     
  3. JOKER3

    JOKER3 New Member

    Messages:
    24
    Likes Received:
    0
    Trophy Points:
    1
    THEY NEED TO LOOK UP TO UPPER BOSS'S
     
  4. bigbuck

    bigbuck Active Member

    Messages:
    573
    Likes Received:
    194
    Trophy Points:
    43
    I'm not an accountant, but I'm not certain that purchases/leases of property would have a 40 point hit to the overall OR. It's only 4 terminals after all. Looking at these numbers, it like oks like shipments were up, but earnings were down.
     
  5. JOKER3

    JOKER3 New Member

    Messages:
    24
    Likes Received:
    0
    Trophy Points:
    1
    I HEAR YA BIG BUCK
     
  6. troubleman84

    troubleman84 Well-Known Member

    Messages:
    1,374
    Likes Received:
    1,030
    Trophy Points:
    113
    Where is RAT at to promote the quarter results?
     
  7. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,377
    Likes Received:
    1,894
    Trophy Points:
    113
    Buck you are not an accountant
    http://finance.yahoo.com/news/saia-reports-fourth-quarter-earnings-123000738.html
     
  8. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,377
    Likes Received:
    1,894
    Trophy Points:
    113
  9. Dracula

    Dracula Well-Known Member

    Messages:
    650
    Likes Received:
    315
    Trophy Points:
    63
    Last Wednesday, my paycheck hit the bank, cleared, and that's all the accounting expertise I have. To a grunt like me, the numbers don't look bad at all.
    http://finance.yahoo.com/news/saia-reports-fourth-quarter-earnings-123000738.html
    In the 4th quarter, shipments are up, weight per shipment is up, and revenue per hundredweight is up. 2016 vs 2015 showed that Saia was able to charge more per hundredweight and I am not seeing any junk freight on the dock. The OR number is up a little but there is a lot going on so no big deal. Everything looks to be in good shape heading into 2017 and the NE coming online.
     
    runawaytrain likes this.
  10. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,377
    Likes Received:
    1,894
    Trophy Points:
    113
    We may take an initial hit with the NE coming online. But we should bounce back nicely. No worries!!!
     
  11. ltltrkr

    ltltrkr Active Member

    Messages:
    507
    Likes Received:
    80
    Trophy Points:
    28
    they have an ad on Indeed for P&D in Jersey City- $24.99 to 28.06 per hour. The other terminals were $23.09 to $26 for P&D.
     
  12. PistonRing83

    PistonRing83 Well-Known Member

    Messages:
    1,079
    Likes Received:
    533
    Trophy Points:
    113
    They load the garbage freight on the trailers quick so we don't have to see it!
     
  13. SID

    SID Member

    Messages:
    90
    Likes Received:
    2
    Trophy Points:
    8
    Wonder if we will get a raise this year
     
  14. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,377
    Likes Received:
    1,894
    Trophy Points:
    113
    Probably won't be as much as in the past or at all because all of the expansion plans and investing in infrastructure.
     
    Last edited: Feb 10, 2017

Share This Page