Saia (SAIA) Q3 FY2023 earnings: revenue $775 million, up 6.2% on the year

Saia Inc. (SAIA) reported revenue of $775 million for Q3 FY2023, the quarter ended 30 September 2023, up 6.2% on the same quarter a year earlier. Net income was $98 million, up 0.3% on the year, and diluted earnings per share $3.67. The figures are the company's own, from the 10-Q it filed with the SEC on 27 October 2023.

Revenue$775 millionup 6.2%

Net income$98 millionup 0.3%

Diluted EPS$3.67

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	775	n/a	n/a	n/a
Operating income	128	n/a	n/a	n/a
Operating margin	16.6%	n/a	n/a
Interest expense	0.5	n/a	n/a	n/a
Pre-tax income	130	n/a	n/a	n/a
Income tax	32.0	n/a	n/a	n/a
Effective tax rate	24.6%	n/a	n/a
Net income	98.2	n/a	n/a	n/a
Net margin	12.7%	n/a	n/a
Diluted EPS	$3.67	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	125	n/a	n/a	n/a
Capital expenditure	114	n/a	n/a	n/a
Free cash flow	11.4	n/a	n/a	n/a
Free cash flow margin	1.5%	n/a	n/a
Cash from investing	-111	n/a	n/a	n/a
Cash from financing	-0.1	n/a	n/a	n/a
Depreciation and amortisation	45.6	n/a	n/a	n/a
Diluted shares, weighted	27m	n/a	n/a	n/a
Shares outstanding at period end	27m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	1,849	n/a	n/a	n/a
Debt	0.0	n/a	n/a	n/a
Operating lease liabilities	103	n/a	n/a	n/a
Other liabilities	533	n/a	n/a	n/a
Total liabilities and equity	2,485	n/a	n/a	n/a
Fixed assets	1,673	n/a	n/a	n/a
Cash and equivalents	249	n/a	n/a	n/a
Receivables	346	n/a	n/a	n/a
Other assets	217	n/a	n/a	n/a
Total assets	2,485	n/a	n/a	n/a

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	775	751	755	823	842	789	788	817	840	790	806	956
Operating income	128	113	118	138	125	101	70.2	99.4	119	64.0	66.8	125
Operating margin	17%	15%	16%	17%	15%	13%	9%	12%	14%	8%	8%	13%
Interest expense	0.5	0.9	0.5	2.4	3.0	3.0	4.3	4.7	4.5	2.9	2.6	2.0
Pre-tax income	130	116	119	136	123	98.8	65.6	95.6	115	61.4	65.0	125
Tax rate	25%	23%	24%	24%	24%	23%	24%	25%	25%	23%	23%	25%
Net income	98.2	89.2	90.7	103	92.7	76.1	49.8	71.4	86.3	47.5	49.9	94.3
Net margin	13%	12%	12%	12%	11%	10%	6%	9%	10%	6%	6%	10%
Diluted EPS	$3.67	$3.33	$3.38	$3.83	$3.46	$2.84	$1.86	$2.67	$3.22	$1.77	$1.86	$3.51
Operating cash flow	125	162	106	131	182	165	109	171	178	137	140	152
Capital expenditure	114	99.4	457	225	193	168	203	175	90.3	99.8	66.1	94.9
Free cash flow	11.4	62.3	-351	-94.0	-11.7	-3.5	-93.8	-3.9	87.6	37.5	73.5	56.6
Shares outstanding	27m	27m	27m	27m	27m	27m	27m	27m	27m	27m	27m	27m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 27 October 2023, accession 0000950170-23-055988: the filing on EDGAR. All of Saia Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install