Saia Q4 diluted EPS rises to $3.33 from $2.65; full-year EPS falls to $13.26
Saia reported fourth quarter 2023 revenue of $751.1 million, up 14.5%, and diluted EPS of $3.33 versus $2.65 a year earlier. For the full year, diluted EPS fell to $13.26 from $13.40 even as revenue rose 3.2% to $2.9 billion, and the company expects 2024 net capital expenditures of approximately $1 billion.
- Q4 2023 operating income was $112.7 million, up 21.5%, and operating ratio improved to 85.0% from 85.9%
- Full-year 2023 operating income was $460.5 million, down 2.1%, and operating ratio rose to 84.0% from 83.1%
- Cash on hand was $296.2 million at December 31, 2023, with total debt of $16.5 million
- 2024 net capital expenditures are expected to be approximately $1 billion, subject to market conditions