From GlobeNewswire: 2025-02-03 07:30:00

Saia, Inc. reported fourth quarter 2024 financial results, with diluted earnings per share at $2.84 compared to $3.33 in 2023. Full year earnings per share were $13.51 in 2024 versus $13.26 in 2023. Revenue for the fourth quarter was $789.0 million, a 5.0% increase, and $3.2 billion for the full year, an 11.4% increase.

Operating income for the fourth quarter was $101.5 million, a 9.9% decrease, with an operating ratio of 87.1% compared to 85.0%. LTL shipments per workday increased by 4.5%, and LTL tonnage per workday increased by 8.3%. LTL revenue per hundredweight decreased by 2.3%, while LTL revenue per shipment increased by 1.3%.

Saia President and CEO, Fritz Holzgrefe, expressed satisfaction with progress made in 2024, highlighting the opening of 21 new terminals and relocating 9 others. The company closed the year with over 15,000 employees and remains focused on operational excellence.

Executive Vice President and CFO, Matt Batteh, emphasized the record level of investment in 2024, totaling over $1 billion in capital expenditures. The investments in real estate, equipment, and technology demonstrate the company’s commitment to long-term growth strategy.

Saia ended 2024 with $19.5 million in cash and total debt of $200.3 million. Net capital expenditures for 2024 were $1,040.9 million, compared to $437.2 million in 2023. The company foresees net capital expenditures of over $700 million in 2025, subject to market conditions.



Read more at GlobeNewswire:: Saia Reports Fourth Quarter Results