Saia Reports Second Quarter Earnings per Share of $0.68

Discussion in 'Saia' started by truckdriver, Jul 28, 2017.

  1. truckdriver

    truckdriver Active Member

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    Second Quarter 2017 Compared to Second Quarter 2016 Results

    • Revenues were $358.2 million, a 14.8% increase
    • LTL Shipments and Tonnage rose 7.4% and 7.1%, respectively
    • LTL Revenue per hundredweight increased 7.3%
    • Operating ratio improved by 130 basis points to 91.7%
    • Operating income increased by 36.8% to $29.7 million
    • Net income rose 32.6% to $17.6 million
    • Diluted earnings per share were $0.68 compared to $0.52
    runawaytrain likes this.
  2. LTLIndentured

    LTLIndentured Well-Known Member

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    All those drivers quitting due to cameras doesn't seem to negatively impact the bottom line does it? Cams are here to stay. Looks like a like it or leave it situation
  3. sabresfan

    sabresfan Active Member

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    That was their thoughts about it when they decided to install them. Companies may amend a rule eventually but only after it's caused more problems than it's worth.
  4. runawaytrain

    runawaytrain Wear their scorn with pride.

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    The company had dialed back the cameras a little bit. (ie .. Seat belts in yard and backing on private property) However many policies in place will never change especially cell phone usage. You either stay on board or jump ship and risk drowning in the sea of uncertainty. The choice is yours. And it may be wise to remember that the grass isn't always greener.
    Last edited: Jul 28, 2017
    sabresfan likes this.
  5. PistonRing83

    PistonRing83 Well-Known Member

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    In my mind, they wouldn't be offering these insane sign on bonuses if turnover wasn't hurting the bottom line.

    You also have to take into account the fact that the economy has absolutely BOOMED in the last few months, and we have had an arse-load of freight being pushed through the system, caused not only by the openings of the new terminals, but also the record breaking markets. So we would have had a great second quarter regardless of any effects the cameras may have had on business anyway. We'll have to see how it goes once the markets level off, the new terminals get expanded and more trucks get cameras put in.

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