Freight transportation and logistics provider Saia (NASDAQ:SAIA) reported results in line with analysts’ expectations in Q2 CY2024, with revenue up 18.5% year on year to $823.2 million. It made a GAAP profit of $3.83 per share, improving from its profit of $3.42 per share in the same quarter last year.
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Saia (SAIA) Q2 CY2024 Highlights:
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Revenue: $823.2 million vs analyst estimates of $825 million (small miss)
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EPS: $3.83 vs analyst expectations of $4.01 (4.4% miss)
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Gross Margin (GAAP): 27.8%, down from 28.7% in the same quarter last year
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Free Cash Flow was -$94.32 million compared to -$350.4 million in the previous quarter
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Sales Volumes rose 9.7% year on year (-1.7% in the same quarter last year)
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Market Capitalization: $12.97 billion
Saia President and CEO, Fritz Holzgrefe, commented on the quarter…
