Less than Truckload courier Saia defeated the expectations of the fourth quarter on Monday before the market was opened. The profit per share of $ 2.84 was 7 cents higher than the consensus estimate only 49 cents lower year after year.
SAIA (Nasdaq: SAIA) reported an increase in sales by 5% J/Y to $ 789 million. Turnover per working day was 3.3% higher in the quarter, because the tonnage per day increased by 8.3% and the turnover per one hundred weight, or yield, dropped by 5.4% (by 2.3% excluding fuel surcharges). An increase of 3.7% in weight per shipment dragged the interest rate lower lower.
The company reported an operational ratio of 87.1% (operational costs expressed as a percentage of income), which was 210 basic points, worse Y/J and 200 pps worse than the third quarter. The company normally sees 250 bps or dragging from the third to the fourth quarter.
The successive margin outperformance (compared to the historic trend) took place, even when the company incurred the costs in the Windwind to open new terminals. It opened 21 terminals in 2024 and moved another nine facilities.
The fault of financing the terminal purchases resulted in a swing of $ 5.1 million JY/J from interest income to interest charges, or a resistance of 15 cents on a profit per share.
SAIA shares rose by 3.9% in early trade on Monday.
Saia will organize a conference call on Monday at 10 am to discuss the results of the fourth quarter.
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