Saia Sprints Monday on Q4, FY Numbers

Saia, Inc. (NASDAQ: SAIA) shares jumped Monday, as the company, a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth-quarter 2024 financial results. Diluted earnings per share for the quarter were $2.84 compared to $3.33 in the fourth quarter of 2023. Full year diluted earnings per share were $13.51 in 2024 compared to $13.26 in 2023.Highlights from the fourth-quarter and full-year operating results were as follows:Fourth Quarter 2024 Compared to Fourth Quarter 2023 Results• Revenue was $789.0 million, a 5.0% increase• Operating income was $101.5 million, a 9.9% decrease• Operating ratio of 87.1% compared to 85.0%• LTL shipments per workday increased 4.5%• LTL tonnage per workday increased 8.3%• LTL revenue per hundredweight, excluding fuel surcharge revenue, decreased 2.3%• LTL revenue per shipment, excluding fuel surcharge revenue, increased 1.3% • Full-Year Highlights • Revenue was $3.2 billion, an 11.4% increase• Operating income was $482.2 million, a 4.7% increase• Operating ratio of 85.0% compared to 84.0%• LTL shipments per workday increased 11.5%• LTL tonnage per workday increased 8.0%• LTL revenue per hundredweight, excluding fuel surcharge revenue, increased 4.3%• LTL revenue per shipment, excluding fuel surcharge revenue, increased 1.1% SAIA shares popped $12.98, or 2.7%, to $493.09.