(NASDAQ: SAIA) offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. The replay will be available by dialing 1-80 or 1-64 referencing conference ID #9246157. This call will be webcast live via the Company website at A replay of the call will be offered two hours after the completion of the call through Maat 11:59 P.M. Callers should dial in five to ten minutes in advance of the conference call. To participate in the call, please dial 1-88 or 1-64 referencing conference ID #9246157.
Management will hold a conference call to discuss quarterly results today at 11:00 a.m. In 2023, we anticipate that net capital expenditures will be in excess of $400 million, subject to ongoing evaluation of market conditions. Net capital expenditures were $365.5 million in 2022, compared to $277.3 million in net capital expenditures in 2021. We ended the fourth quarter of 2022 with $187.4 million of cash on hand and total debt of $31.0 million, which compares to $106.6 million of cash on hand and total debt of $50.4 million at December 31, 2021. Invest in our fleet, technology, properties and our people in 2023.”įinancial Position and Capital Expenditures With more than $187 million cash on hand at the end of the year, we feel good about our ability to continue to
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Saia Executive Vice President and Chief Financial Officer, Douglas Col added, “after another record year of financial performance, including a record full year operating ratio of 83.1%, our balance sheet positions us well for the inherent cyclicality we are facing in the industrial economy this year. We are taking a measured approach to expansion in 2023 with five terminal openings scheduled for the first half and will be opportunistic with openings beyond those,” concluded Holzgrefe. “Our expansion efforts are at the core of our strategy to enhance customer service and extend our high quality service offering into more communities where our customers do business and where we can offer quality LTL service to new customers. We opened 11 additional terminals this past year and have developed a robust pipeline of more than 30 properties to support additional openings in the years to come,” continued Holzgrefe. “Stepping back and looking at full-year results, it was another successful year for our company as we grew revenue by 22% and operating income by more than 40%. Revenue per shipment grew by 15% in the quarter, benefitting from solid pricing activity as well as increased fuel surcharge revenue versus the prior year,” stated Saia President and Chief Executive Officer, Fritz Holzgrefe. Despite this softer freight environment, revenue grew by 6.3% and was a fourth quarter record. “Fourth quarter results were impacted by slowing volumes throughout the quarter and December tonnage per day was down 13.2%. LTL revenue per shipment rose 21.5% to $351.27.LTL revenue per hundredweight increased 19.4%.LTL shipments per workday decreased 0.8%.
Revenue was $2.8 billion, a 22.0% increase.LTL revenue per shipment rose 15.0% to $364.44įull Year 2022 Results Compared to Full Year 2021 Results.LTL revenue per hundredweight increased 14.3%.LTL shipments per workday decreased 8.2%.Operating ratio of 85.9% compared to 84.2%.Operating income was $92.7 million, a 4.8% decrease.Revenue was $655.7 million, a 6.3% increase.Highlights from the fourth quarter and full year operating results were as follows:įourth Quarter 2022 Compared to Fourth Quarter 2021 Results Full year diluted earnings per share were $13.40 in 2022 compared to $9.48 in 2021.
Diluted earnings per share in the quarter were $2.65 compared to $2.76 in the fourth quarter of 2021. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth quarter 2022 financial results.
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