Saia, Inc. (SAIA) Misses Q3 EPS by 22c

Saia, Inc. (NASDAQ: SAIA) reported Q3 EPS of $0.46, $0.22 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $317 million versus the consensus estimate of $328.44 million.

"Our disappointing third quarter results were primarily the result of declining tonnage trends during the quarter, which made it difficult to offset higher investments in driver wages. Additionally, we incurred increased expenses associated with self-insurance claims. In this type of volume environment we will more aggressively manage costs and maintain a constant focus on mix management to ensure that proper compensatory pricing is in place," said Saia President and Chief Executive Officer, Rick O'Dell.

"Despite the negative year-over-year earnings results, we improved pricing and LTL yield for the 21st consecutive quarter. Our level of service remains excellent at 98% on-time and we further improved our cargo claims results in the quarter," O'Dell added.

Financial Position and Capital Expenditures

Total debt was $81.2 million at September 30, 2015 and inclusive of the $4.5 million of cash on-hand, net debt to total capital was 15.6% at quarter end. This compares to total debt of $83.0 million and net debt to total capital of 17.7% at December 31, 2014.

For earnings history and earnings-related data on Saia, Inc. (SAIA) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• CVG to join Russell 2000 and Russell 3000 indexes June 26
• Green Dot and CommerceOne shareholders approve acquisition deal