Revenue Analysis:
SAIA’s Total and Operating Revenue has shown significant growth over the three years. From 2023 Q1 (660,535,000) to 2024 Q1 (754,775,000), there is consistent quarterly growth. The Gross Profit Margin followed a similar trajectory, advancing from 130,347,000 in Q1 2023 to 155,381,000 by Q1 2024. This increase in top-line revenue and gross profit indicates an expansion in the company’s operational effectiveness and market presence.
Cost Management:
The Cost of Revenue shows a slight variance across the periods, hovering around 600 million, peaking in Q3 2023 at 611,251,000 and being slightly lower at 599,394,000 by Q1 2024. Total Operating Expenses increased from 31,204,000 in 2023 Q1 to 37,469,000 by Q1 2024, supporting growing operational scale. The Total Expenses reflect the upscaling as well, considering the increase from 561,392,000 in 2023 Q1 to 636,863,000 by Q1 2024.
Profitability Analysis:
Reflecting improved performance, EBITDA increased from 142,666,000 in Q1 2023 to 168,304,000 by Q1 2024. This consistent improvement extends to Operating Income which grew from 99,143,000 in Q1 2023 to 117,912,000 by Q1 2024. Pretax Income and Net Income depict a parallel rise pointing out improved overall profitability from 99,098,000 in 2023 Q1 to 118,913,000 (Pretax Income) and from 76,097,000 to 90,695,000 (Net Income) in the same periods.
Cash Flow Indicators:
Analysis of Reconciled Depreciation shows steady increase over time, suggesting constant investment in asset renewals or acquisitions, from 42,880,000 in Q1 2023 to 48,849,000 by Q1 2024. Interest Expense fluctuated modestly with a peak at 935,000 in Q4 2023 and reduced significantly to 542,000 by Q1 2024.
Taxation:
The Tax Rate for Calcs increased slightly from 0.232104 in 2023 Q1 to 0.2373 by Q1 2024. Tax Provision followed the profit rises, from 23,001,000 in Q1 2023 to 28,218,000 in 2024 Q1. No Tax Effect of Unusual Items was noted, indicating routine tax conditions without exceptional items influencing taxable income.
Shareholder Metrics:
Both Diluted and Basic EPS consistently increased, which demonstrates enhanced shareholder value over the period. From Q1 2023, Diluted EPS increased from 2.85 to 3.38 by Q1 2024, while Basic EPS rose from 2.86 to 3.40. This increment aligns with the growth in Net Income Available to Common Stockholders which showed a steady rise.
Conclusion:
SAIA’s financial performance over the last three years illustrates robust revenue growth, effective cost management, enhanced profitability, stable cash flow, responsible tax management, and increased shareholder returns. These aspects suggest strong business operations and strategic fiscal management. It would be prudent for potential investors to consider SAIA as a viable investment opportunity, and existing shareholders might view the financial trends as supportive of long-term value.