SAIA INC
SymbolSAIA

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Saia, Inc. Reports Third Quarter 2009 Results

2009-10-23 07:30 ET - News Release

Revenues Were $222 Million with Earnings Per Share of $0.24


JOHNS CREEK, Ga. -- (Business Wire)

Saia, Inc. (NASDAQ: SAIA), a leading multi-regional less-than-truckload (LTL) carrier, today reported third quarter 2009 results.

Third Quarter 2009 Compared to Third Quarter 2008 Results from Continuing Operations

  • Revenues were $222 million, a decrease of 19 percent from the prior year quarter.
  • Operating income was $7.8 million compared to operating income of $7.5 million in the prior year quarter. Results included $8.4 million in reduced expenses due to a change in vacation policy.
  • Earnings per share were $0.24 vs. earnings per share of $0.21 in the prior year quarter.
  • Operating ratio was 96.5 vs. 97.3 in the prior year quarter.
  • LTL tonnage was down 4.4 percent from the prior year quarter as LTL shipments per workday were down 2.3 percent with a 2.2 percent decrease in weight per shipment.
  • LTL yield was down 14.2 percent from the prior year quarter primarily due to the impact of reduced fuel surcharges and competitive pricing.

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