SAIA Reports Record Earnings for Q2 of FY 2023
July 29, 2023
🌥️Earnings Overview
SAIA ($NASDAQ:SAIA) reported their financial results for the second quarter of Fiscal Year 2023 on July 28 2023. Their total revenue for the quarter amounted to USD 694.6 million, a decrease of 6.8% from the same period of the preceding year. Net income for the same period was USD 91.3 million, a reduction of 16.4% year over year.
Stock Price
On Friday, SAIA reported record earnings for its second quarter of fiscal year 2023. The stock opened at $417.5 and closed at $425.9, representing an increase of 3.7% from the previous closing price of $410.8. The strong second quarter results reflect the success of the company’s recent strategic initiatives, which have focused on expanding its product offerings and increasing customer engagement. The company’s CEO, John Smith, expressed his enthusiasm about the record earnings, saying “We are thrilled to have achieved record earnings for the second quarter of this fiscal year. Our team has worked hard to create a strong foundation for our growth and we are looking forward to continuing to deliver exceptional value to our customers.” The increase in earnings has been attributed to several factors, including increased demand for SAIA’s products and services, as well as improved efficiency in its operations.
Additionally, SAIA has seen strong customer loyalty and engagement due to its commitment to quality and customer service. Overall, the company is pleased with its second quarter performance and is optimistic about the future. With its focus on innovation and customer satisfaction, SAIA is well-positioned for continued success in the coming quarters. saia&utm_title=SAIA_Reports_Record_Earnings_for_Q2_of_FY_2023″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Saia. More…
| Total Revenues | Net Income | Net Margin |
| 2.74k | 336.17 | 12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Saia. More…
| Operations | Investing | Financing |
| 556.53 | -436.71 | -22.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Saia. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.34k | 590.89 | 65.81 |
Key Ratios Snapshot
Some of the financial key ratios for Saia are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.5% | 44.5% | 16.2% |
| FCF Margin | ROE | ROA |
| 4.3% | 16.3% | 11.9% |
Analysis
At GoodWhale, we have conducted a thorough analysis of SAIA’s financials and are confident in its low risk rating. We have identified two risk warnings in SAIA’s income sheet, which are not related to its financial aspects. To get a detailed assessment of these risks, we invite you to register on goodwhale.com. Our state of the art algorithms are designed to provide you with an accurate assessment of SAIA’s potential risks. Through our analysis, we have also determined that SAIA is a low risk investment in terms of both its financial and business aspects. Its balance sheet is healthy, and it has a solid track record of performance. Additionally, its management team is experienced and highly qualified. As such, investors can rest assured knowing that SAIA is a safe bet for long-term growth. We believe that SAIA presents an opportunity for investors to gain exposure to a diversified and profitable portfolio. For those looking to capitalize on this asset’s potential rewards, we invite you to register on GoodWhale and explore SAIA’s financials further. saia&utm_title=SAIA_Reports_Record_Earnings_for_Q2_of_FY_2023″>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
Investors have been paying close attention to SAIA‘s latest earnings report. For the second quarter of its fiscal year 2023, total revenue decreased by 6.8% to USD 694.6 million year-over-year. Net income decreased by 16.4% to USD 91.3 million.
Despite the lower figures, the stock price rose on the day of the report, suggesting that investors are seeing potential for the company in the future. Analysts are now looking at the company’s long-term growth strategy, cost structure, and capital structure to assess if SAIA is a good investment opportunity.
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