Saia Reports Second Quarter Earnings per Share of $0.52

Discussion in 'Saia' started by Jack Knife, Jul 29, 2016.

  1. Jack Knife

    Jack Knife Well-Known Member

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    JOHNS CREEK, GA--(Marketwired - Jul 29, 2016) - Saia, Inc. (NASDAQ: SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload and logistics services, today reported second quarter 2016 financial results.

    Second Quarter 2016 Compared to Second Quarter 2015 Results

    • Revenues were $312 million, a decline of 3.6%
    • LTL shipments per workday fell by 2.6% and LTL tonnage per workday declined 4.3%
    • LTL yield increased 2%, in spite of lower fuel surcharge
    • Operating income declined 30.6% from last year's record second quarter
    • Net income was $13.3 million compared to $19.2 million
    • Diluted earnings per share were $0.52 compared to $0.75
    • Operating ratio of 93.0 compared to 90.3
     
  2. Jack Knife

    Jack Knife Well-Known Member

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  3. bigbuck

    bigbuck Active Member

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    Ouch. Oh well.
     

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