JOHNS CREEK, Ga. - Saia , Inc. (NASDAQ:SAIA), a prominent player in the national transportation sector, disclosed today that its Chief Financial Officer, Douglas Col, intends to retire. Col has been with the company for a decade, serving as CFO for the last four years. Saia's President and CEO, Frederick Holzgrefe, praised Col's contribution to the company's growth, highlighting his diverse background in transportation.
The company's Chairman, Richard O'Dell (NYSE:DELL), acknowledged Col's pivotal role during a period of significant expansion and success for Saia. Col expressed his gratitude for the opportunity to work with Saia's team and is optimistic about the company's future success.
Col will continue in his current role until a successor is named and has agreed to stay on as an advisor through the end of the year to aid in the transition. Saia, headquartered in Georgia, operates 198 terminals and provides a variety of less-than-truckload, non-asset truckload, expedited, and logistics services across 46 states.
This announcement is based on a press release statement from Saia, Inc.
InvestingPro Insights
As Saia Inc. (NASDAQ:SAIA) navigates a period of leadership transition with the retirement of CFO Douglas Col, investors may be evaluating the company's financial health and market potential. According to InvestingPro data, Saia boasts a robust market capitalization of $14.4 billion. The company's price-to-earnings (P/E) ratio stands at 40.84, reflecting a premium valuation that suggests high investor expectations for future earnings growth. Additionally, Saia has experienced a revenue increase, with a growth rate of 3.2% over the last twelve months as of Q1 2023. This indicates a steady upward trajectory in the company's financial performance.
Two notable "InvestingPro Tips" for Saia include the analysts' positive outlook, with 8 analysts having revised their earnings upwards for the upcoming period, which could signal confidence in the company's ability to grow its profits. Furthermore, Saia's cash flows are strong enough to sufficiently cover interest payments, indicating a healthy financial position that may reassure investors of the company's stability amidst the CFO's departure.
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