Saia Q2 revenue rises 18.5% to $823.2 million; diluted EPS $3.83 vs $3.42
Saia reported second quarter 2024 results with revenue of $823.2 million, up 18.5%, and diluted earnings per share of $3.83, up from $3.42 a year earlier. Operating ratio worsened to 83.3% from 82.7%, and management said it expects net capital expenditures of about $1 billion in 2024.
Key points
- Operating income was $137.6 million, a 14.4% increase from the second quarter of 2023.
- Operating ratio was 83.3%, compared with 82.7% a year earlier.
- Net capital expenditures were $681.3 million in the first six months of 2024, and the company expects about $1 billion for the full year.
- Cash on hand was $11.2 million and total debt was $176.7 million at June 30, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 26, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.