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BRIEF-Saia Inc - Despite Sluggish Industrial Backdrop, Co Views Pricing Environment As Rational

Reuters logo Reuters 2/3/2020

Feb 3 (Reuters) - Saia Inc:

* SAIA REPORTS FOURTH QUARTER AND FULL YEAR RESULTS

* Q4 EARNINGS PER SHARE $0.81

* Q4 EARNINGS PER SHARE ESTIMATE $0.85 -- REFINITIV IBES DATA

* SEES FY 2019 REVENUE $1.8 BILLION

* QTRLY REVENUE WAS $443.1 MILLION, AN 8.9% INCREASE

* IN 2020, CO ANTICIPATES NET CAPITAL EXPENDITURES OF ABOUT $250 MILLION

* SAIA CEO - "Q4 RESULTS DID NOT MEET OUR EXPECTATIONS"

* PLAN FOR 2020 INCLUDES A VERY LIGHT TERMINAL OPENING SCHEDULE

* Q4 EARNINGS PER SHARE VIEW $0.85, REVENUE VIEW $434.3 MILLION -- REFINITIV IBES DATA

* SAIA SAYS EXPERIENCED A SPIKE IN CLAIMS & INSURANCE EXPENSE IN Q4, PRIMARILY RELATED TO INCREASED ACCIDENT SEVERITY

* DESPITE SLUGGISH INDUSTRIAL BACKDROP, CO VIEWS PRICING ENVIRONMENT AS RATIONAL Source text for Eikon: Further company coverage:

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