SAIA | Saia Reports Second Quarter Earnings per Share of $0.52

[Jack Knife]

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

 

[Jack Knife]

http://www.wkrb13.com/markets/1570999/saia-inc-saia-announces-quarterly-earnings-results/

http://markets.financialcontent.com/stocks/news/read?GUID=32569073

 

[bigbuck]

Ouch. Oh well.