Saia Reports Record Second Quarter Earnings per Share of $0.75
(firmenpresse) - JOHNS CREEK, GA -- (Marketwired) -- 07/29/15 -- Saia, Inc. (NASDAQ: SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload and logistics services, today reported second quarter 2015 results.
Revenues were $323 million, a 2.1% decrease
Operating income increased 38% to $31.3 million
Diluted earnings per share were $0.75 compared to $0.53
Operating ratio improved to 90.3 compared to 93.1
LTL shipments were down 2.9% as LTL tonnage decreased 6.0%
LTL revenue per hundredweight increased by 3.9% despite the impact of lower year-over-year fuel surcharges
"I am very pleased to report our fourth consecutive quarter of record earnings and would note that the results were achieved with improvements across our organization. We are especially pleased with the improved safety and cargo claims results in the quarter. Network optimization efforts continue to be successful and our purchased transportation costs were down nearly 28% in the quarter, " said Saia President and Chief Executive Officer, Rick O''Dell.
"Strong yield improvements continued in the quarter and though we will continue to face difficult tonnage comparisons for the rest of the year, our network is balanced and our sales force is focused on finding customers that find our value proposition to be compelling," O''Dell added.
Total debt was $108.6 million at June 30, 2015 and inclusive of the $3.7 million of cash on hand, net debt to total capital was 20.8% 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.
Net capital expenditures in the first half of the year were $73.3 million including equipment acquired with capital leases. This compares to $66.7 million spent in the first half of 2014. The Company currently plans net capital expenditures in 2015 of approximately $125 million.
Management will hold a conference call to discuss quarterly results today at 11:00 a.m. Eastern Time. To participate in the call, please dial 888-438-5519 or 719-325-2464 referencing conference ID #2753051. Callers should dial in five to ten minutes in advance of the conference call. This call will be webcast live via the Company web site at . A replay of the call will be offered two hours after the completion of the call through August 4, 2015 at 2:00 p.m. Eastern Time. The replay will be available by dialing 1-888-203-1112 or 719-457-0820.
Saia, Inc. (NASDAQ: SAIA) offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. With headquarters in Georgia, Saia LTL Freight operates 147 terminals in 34 states. For more information on Saia, Inc. visit the Investor Relations section at .
The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This news release contains these types of statements, which are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements and the Company undertakes no obligation to update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management as of the date of this news release and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors, risks, assumptions and uncertainties include, but are not limited to, general economic conditions including downturns in the business cycle; the creditworthiness of our customers and their ability to pay for services; failure to achieve acquisition synergies; competitive initiatives and pricing pressures, including in connection with fuel surcharge; loss of significant customers; the Company''s need for capital and uncertainty of the current credit markets; the possibility of defaults under the Company''s debt agreements (including violation of financial covenants); possible issuance of equity which would dilute stock ownership; integration risks; the effect of litigation including class action lawsuits; cost and availability of qualified drivers, fuel, purchased transportation, real property, revenue equipment and other assets; governmental regulations, including but not limited to Hours of Service, engine emissions, the "Compliance, Safety, Accountability" (CSA) initiative, compliance with legislation requiring companies to evaluate their internal control over financial reporting, changes in interpretation of accounting principles and Homeland Security; dependence on key employees; inclement weather; labor relations, including the adverse impact should a portion of the Company''s workforce become unionized; cyber security risks; effectiveness of Company-specific performance improvement initiatives; terrorism risks; self-insurance claims and other expense volatility; increased costs as a result of recently enacted healthcare reform legislation; social media risk; and other financial, operational and legal risks and uncertainties detailed from time to time in the Company''s SEC filings. As a result of these and other factors, no assurance can be given as to our future results and achievements. A forward looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur.
Doug Col
678.542.3910
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.07.2015 - 05:30 Uhr
Sprache: Deutsch
News-ID 1375318
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
JOHNS CREEK, GA
Phone:
Kategorie:
Trucking
Anmerkungen:
Diese Pressemitteilung wurde bisher 314 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Saia Reports Record Second Quarter Earnings per Share of $0.75
"
steht unter der journalistisch-redaktionellen Verantwortung von
Saia, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
