Saia Reports Q3 Earnings Beat with Record LTL Tonnage
Saia (SAIA) reported third-quarter financial results that exceeded analyst expectations for both earnings and revenue. The company posted a Non-GAAP earnings per share of $3.41, surpassing estimates by $0.11, while total revenue reached $982.5 million, representing a 17% increase year-over-year and beating projections by $15.41 million. Operational performance was highlighted by record LTL (Less-Than-Truckload) tonnage per workday. Additionally, the company saw significant pricing strength, with LTL revenue per shipment—excluding fuel surcharges—increasing by 5.8%. These metrics suggest robust demand and effective pricing power within Saia's logistics operations.
Tickers: $SAIA
Topics: earnings beat financial performance LTL tonnage revenue growth
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