Saia reports Q4 EPS $3.33, consensus $3.20

Reports Q4 revenue $751.1M, consensus $744.99M. Q4 results compared to Q4 last year: operating ratio of 85.0% compared to 85.9%; LTL shipments per workday increased 18.1%; LTL tonnage per workday increased 8.2%; LTL revenue per hundredweight, excluding fuel surcharge revenue, increased 11.7%; LTL revenue per shipment, excluding fuel surcharge revenue, increased 2.4%. Saia President and CEO, Fritz Holzgrefe, commented on the quarter stating, “I am pleased to bring 2023 to a close by reporting that our fourth quarter operating ratio improved by 90 basis points year-over-year to 85.0%. Our market share gains have been meaningful since last summer’s industry disruption, and it has been very satisfying for our organization to step up and provide excellent service to both new and existing customers. To this end, we have onboarded nearly 1,500 new associates since the end of the second quarter and closed the year with just under 14,000 employees company-wide.”