Skip to main content

Market Overview

Saia Shares Rise After Q2 Results Beats Estimates

Share:
Saia Shares Rise After Q2 Results Beats Estimates
  • Saia Inc (NASDAQ: SAIAreported second-quarter revenue growth of 36.6% year-over-year to $571.3 million, beating the consensus of $546.21 million.
  • EPS improved to $2.34 from $1.07 in 2Q20, beating consensus of $2.00.
  • The operating income increased by 132.4Y/Y to $82.9 million, and the margin expanded by 600 bps to 14.5%.
  • The company reported an Operating ratio of 85.5% compared to 91.5% in 2Q20.
  • Saia generated cash from operating activities year-to-date of $140.14 million, compared to $148.23 million a year ago.
  • LTL shipments per workday increased 15.3%, tonnage per workday increased 23.1%, and revenue per hundredweight increased 10.5%. LTL revenue per shipment rose by 17.9% Y/Y to $277.24.
  • Total debt was $61.0 million at June 30, 2021, and inclusive of the cash-on-hand, net debt to total capital was 0.8%.
  • Net capital investments were $100.0 million in the first half of 2021.
  • Saia said Shipper demand remains strong early in the third quarter. It anticipates net capital expenditures of $275 million in 2021.
  • Price Action: SAIA shares are up 7.67% at $220.41 during the market session on the last check Thursday.
 

Related Articles (SAIA)

View Comments and Join the Discussion!

Posted-In: BriefsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com