Saia, Inc. Announces $25 Million Stock Repurchase Plan.DULUTH, Ga. -- Saia, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SAIA), a leading multi-regional less-than-truckload (LTL LTL - Linear Temporal Logic ) carrier company, today announced that its Board of Directors has authorized the repurchase of up to $25 million of its common stock. SAIA shares may be repurchased from time to time in the open market at the Company's discretion, based on ongoing assessments of capital needs of the business, the market price of its stock, general market conditions and other factors. No time limit has been set for the completion of the repurchase program. This plan follows the November 22nd completion of its $20 million repurchase plan approved May 3, 2005. Saia, Inc. (NASDAQ: SAIA) is a less-than-truckload provider of regional, interregional in·ter·re·gion·al adj. Of, involving, or connecting two or more regions: interregional migration; interregional banking. and guaranteed services covering 34 states. Saia is home to the industry-leading Xtreme Guarantee product, which guarantees total customer satisfaction from pick-up through invoicing. Saia offers complete North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. coverage through partner agreements. With headquarters in Duluth, Ga. and a network of 149 terminals, Saia employs 8,300 people. For more information on Saia, Inc., visit www.saia.com. The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This news release contains these types of statements, which are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors and risks include, but are not limited to, general economic conditions; risks of integration of acquisitions including The Connection Company; indemnification obligations associated with the sale of Jevic Transportation, Inc.; cost and availability of qualified drivers, fuel, purchased transportation, property, revenue equipment and other operating assets Operating Assets Another term for working capital. ; governmental regulations, including but not limited to Hours of Service, engine emissions, compliance with recent legislation requiring companies to evaluate their internal control over financial reporting and Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States ; dependence on key employees; inclement in·clem·ent adj. 1. Stormy: inclement weather. 2. Showing no clemency; unmerciful. in·clem weather; labor relations; effectiveness of company-specific performance improvement initiatives; competitive initiatives and pricing pressures; terrorism risks; self-insurance claims, equity-based compensation and other expense volatility; the Company's determination from time to time whether to purchase any shares under the repurchase program; and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC filings. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion