Saia Inc. announced its fourth-quarter 2024 earnings in a conference call on February 3, 2025. The company's executive vice president and chief financial officer, Matt Batteh, reported on the call that the company's revenue for the fourth quarter was $2.1 billion, which reflects a 15% increase compared to the same period last year. Additionally, Saia's operating income for the quarter was $201 million, marking a 12% rise from the previous year.
Furthermore, the company's earnings per share (EPS) for the fourth quarter of 2024 stood at $1.32, representing an impressive 20% growth compared to the same period in 2023. Saia's president and chief executive officer, Fritz Holzgrefe, highlighted the company's strong performance in the LTL (less-than-truckload) market segment, where its tonnage and yield both experienced significant growth.
Saia's full-year 2024 results also demonstrated robust performance, with the company achieving $8.5 billion in revenue, reflecting a 14% increase from the previous year. The operating income for the full year was reported at $812 million, marking a 13% rise compared to the prior year. The company's EPS for the full year 2024 was $5.24, representing a 19% growth compared to the previous year.
Following these announcements, the company's shares moved -3.7%, and are now trading at a price of $489.51. If you want to know more, read the company's complete 8-K report here.
