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Saia Inc (SAIA) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Saia Inc

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CIK: 1516551 Ticker: SAIA

Exhibit 99.1

 

Saia Reports Fourth Quarter and Full Year Results

 

JOHNS CREEK, GA – February 3, 2020 – Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth quarter 2019 financial results.  Diluted earnings per share in the quarter were $0.81 compared to $0.97 in the fourth quarter of 2018. Fourth quarter earnings per share include a $0.07 per share positive impact from tax credits for years 2018 and 2019, enacted in the fourth quarter.  Full year diluted earnings per share were $4.30 in 2019 compared to $3.99 in 2018.

 

Highlights from the fourth quarter and full year operating results were as follows:

 

Fourth Quarter 2019 Compared to Fourth Quarter 2018 Results

 

 

•

Revenue was $443.1 million, an 8.9% increase

 

•

Operating income was $27.4 million, a 17.7% decrease

 

•

Operating ratio of 93.8 compared to 91.8

 

•

LTL shipments per workday rose 6.3%

 

•

LTL tonnage per workday increased by 4.3%

 

•

LTL revenue per hundredweight increased 3.7%

 

•

LTL revenue per shipment rose 1.8% to $238.45

 

Full Year 2019 Results Compared to Full Year 2018 Results

 

 

•

Revenue was $1.8 billion, an 8.0% increase

 

•

Operating income was $152.6 million, an 8.1% increase

 

•

Operating ratio of 91.5 compared to 91.5

 

•

LTL shipments per workday rose 4.3%

 

•

LTL tonnage per workday increased by 0.4%

 

•

LTL revenue per hundredweight increased 7.4%

 

•

LTL revenue per shipment rose 3.4% to $234.81

 

The increase in fourth quarter revenue was offset by the investment in Northeast expansion, wage increase and continued inflationary healthcare costs.  The Company also experienced a spike in claims and insurance expense in the fourth quarter, primarily related to increased accident severity.  Finally, depreciation and amortization expense increased 17% year-over-year as a result of the Company’s continued investments in revenue equipment, properties and technology.

 

The following information was filed by Saia Inc (SAIA) on Monday, February 3, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Saia Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Commitments, Contingencies And Uncertainties
Commitments, Contingencies And Uncertainties (Tables)
Commitments, Contingencies And Uncertainties - Additional Information (Detail)
Commitments, Contingencies And Uncertainties - Schedule Of Non-Cancellable Capital And Operating Lease Agreements Requiring Minimum Annual Rentals Payable (Detail)
Computation Of Earnings Per Share
Computation Of Earnings Per Share (Tables)
Computation Of Earnings Per Share - Additional Information (Detail)
Computation Of Earnings Per Share - Summary Of Calculation Of Basic Earnings Per Common Share And Diluted Earnings Per Common Share (Detail)
Debt And Financing Arrangements
Debt And Financing Arrangements (Tables)
Debt And Financing Arrangements - Additional Information (Detail)
Debt And Financing Arrangements - Schedule Of Principal Maturities Of Long-Term Debt Including Interest On Finance Leases (Detail)
Debt And Financing Arrangements - Summary Of Reconciliation Of Debt (Detail)
Description Of Business And Summary Of Accounting Policies
Description Of Business And Summary Of Accounting Policies (Policies)
Description Of Business And Summary Of Accounting Policies (Tables)
Description Of Business And Summary Of Accounting Policies - Additional Information (Detail)
Description Of Business And Summary Of Accounting Policies - Additional Information1 (Detail)
Description Of Business And Summary Of Accounting Policies - Schedule Of Property And Equipment (Detail)
Description Of Business And Summary Of Accounting Policies - Summary Of Property And Equipment, Estimated Useful Lives (Detail)
Description Of Business And Summary Of Accounting Policies - Summary Of Risk Retention Amounts Per Occurrence (Detail)
Description Of Business And Summary Of Accounting Policies - Summary Of Risk Retention Amounts Per Occurrence (Parenthetical) (Detail)
Employee Benefits
Employee Benefits - Additional Information (Detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Detail)
Goodwill And Other Intangible Assets - Summary Of Changes In Gross Carrying Amounts Of Goodwill (Detail)
Goodwill And Other Intangible Assets - Summary Of Estimated Amortization Expense (Detail)
Goodwill And Other Intangible Assets - Summary Of Gross Amounts And Accumulated Amortization Of Identifiable Intangible Assets (Detail)
Goodwill And Other Intangible Assets - Summary Of Gross Amounts And Accumulated Amortization Of Identifiable Intangible Assets (Parenthetical) (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Summary Of Deferred Tax Liabilities And Assets (Detail)
Income Taxes - Summary Of Gross Unrecognized Tax Benefits (Detail)
Income Taxes - Summary Of Income Tax Provision (Benefit) (Detail)
Income Taxes - Summary Of Reconciliation Between Income Taxes And Effective Income Tax Provision (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Summary Of Lease Cost And Other Information (Detail)
Leases - Summary Of Maturity Of Lease Liabilities (Detail)
Leases - Summary Of Supplemental Cash Flow And Balance Sheet Information Related To Leases (Detail)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Detail)
Stock-Based Compensation - Summary Of Restricted Stock Activity (Detail)
Stock-Based Compensation - Summary Of Stock Option Activity (Detail)
Stock-Based Compensation - Summary Of Unvested Option (Detail)
Stock-Based Compensation - Summary Of Weighted Average Assumptions Used In Valuing Options (Detail)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Summary Of Purchase And Sale Of Common Stock (Detail)
Summary Of Quarterly Operating Results (Unaudited)
Summary Of Quarterly Operating Results (Unaudited) (Tables)
Summary Of Quarterly Operating Results (Unaudited) - Summary Of Quarterly Operating Results (Unaudited) (Detail)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (Tables)
Valuation And Qualifying Accounts - Summary Of Valuation And Qualifying Accounts (Detail)
Ticker: SAIA
CIK: 1177702
Form Type: 10-K Annual Report
Accession Number: 0001564590-20-006382
Submitted to the SEC: Tue Feb 25 2020 4:07:02 PM EST
Accepted by the SEC: Tue Feb 25 2020
Period: Tuesday, December 31, 2019
Industry: Trucking No Local

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