SAIA Reports 4Q FY 2022 Earnings with USD 70.9M in Revenue and USD 655.7M in Net Income

Earnings report

SAIA ($NASDAQ:SAIA) reported their earnings results for the fourth quarter of the fiscal year 2022, ending on December 31, 2022. According to the report, total revenue for that quarter was USD 70.9 million, which was a 3.9% decrease from the same quarter of the prior year. Despite this, net income for the quarter was USD 655.7 million, a 6.3% increase from the same quarter of the previous year. These results were announced on February 3, 2023.

Overall, SAIA’s fourth quarter earnings report is indicative of a promising financial performance in FY 2022. This is a positive sign for SAIA, and investors can be reassured that their investments remain secure.

Market Price

On Friday, SAIA reported 4Q FY 2022 earnings with USD 70.9M in revenue and USD 655.7M in net income. As a result, SAIA stock opened at $268.5 and closed at $286.4, a decrease of 0.4% from the prior closing price of $287.6. Despite the slight dip in stock price, this reporting marks lucrative success for the company and indicates future growth potential across their product lines and services. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Saia. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Saia. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Saia. More…

Key Ratios Snapshot

Some of the financial key ratios for Saia are shown below. More…

Analysis

G o o d W h a l e h a s c o n d u c t e d a n i n – d e p t h a n a l y s i s o f S A I A ‘ s f i n a n c i a l s a n d m a r k e t p e r f o r m a n c e . O u r e x a m i n a t i o n o f t h e i r r i s k f a c t o r s h a s r e s u l t e d i n a l o w r i s k r a t i n g f o r t h e c o m p a n y – m e a n i n g i n v e s t i n g i n t h e m i s g e n e r a l l y s a f e f r o m b o t h a f i n a n c i a l a n d b u s i n e s s p e r s p e c t i v e . H o w e v e r , o u r a n a l y s i s h a s d e t e c t e d t w o p o t e n t i a l r i s k s i n t h e c o m p a n y ‘ s i n c o m e s t a t e m e n t t h a t a r e n o t r e l a t e d t o t h e i r f i n a n c i a l p e r f o r m a n c e . T o v i e w m o r e d e t a i l e d i n f o r m a t i o n a b o u t t h e s e r i s k s , p l e a s e r e g i s t e r o n g o o d w h a l e . c o m a n d y o u c a n a c c e s s o u r f u l l r e p o r t o n S A I A. saia“>More…

Peers

The company has a strong network of trucking, intermodal, and logistics facilities and offers a wide range of services, including truckload transportation, less-than-truckload transportation, intermodal transportation, and logistics solutions. Saia‘s competitors include Covenant Logistics Group, Inc., Kanda Holdings Co., Ltd., and Titanium Transportation Group, Inc.

– Covenant Logistics Group Inc ($NASDAQ:CVLG)

Covenant Logistics Group Inc. is a provider of transportation and logistics services. The company operates in three segments: Truckload, Less-Than-Truckload, and Intermodal. It offers truckload, less-than-truckload, intermodal, and other value-added services. The company also provides transportation management, warehousing, and other logistics services.

– Kanda Holdings Co Ltd ($TSE:9059)

Kanda Holdings Co Ltd is a Japanese conglomerate with a market cap of 11.74B as of 2022. The company has a Return on Equity of 8.89%. Kanda Holdings Co Ltd is involved in a variety of businesses, including electronics, automotive, and pharmaceuticals.

Summary

SAIA Inc. reported a net income of USD 655.7 million for the quarter ended December 31, 2022, a 6.3% year-over-year increase. The positive results were announced on February 3, 2023, and indicate continued growth for the company. This is a strong indication for investors considering SAIA stock, as it demonstrates a steady track record of increased profitability and a sustained commitment to growth. With an established foothold in the industry, SAIA is well positioned to expand further and create additional value for shareholders.