Advanced Energy Industries makes power supplies and thermal management systems for manufacturing processes. The company has grown revenue by 16.3% annually over the past two years, outpacing competitors and gaining market share. Its earnings per share increased 46.8% annually during the same period, surpassing industry peers. The company projects revenue growth of 36.6% over the next 12 months, suggesting accelerating demand. Advanced Energy maintains a trailing 12-month GAAP operating margin of 13.2%. At $168.05 per share, the stock trades at 20.1x forward price-to-earnings ratio. The company was formerly part of Hertz Corporation before becoming independent. It serves various industries requiring precision power delivery and control systems.

Saia, a US less-than-truckload (LTL) carrier, recorded its highest tonnage in Q2, driven by a shift from truckload to LTL services. Brad Hadley, vice president of national accounts, said tightening truckload capacity and rising prices pushed shippers to move half-load freight onto LTL networks. The surge follows Saia's $1.6 billion capital investment over two years, funding 70 new terminals in seven years and expanding 26 others. Hadley said the company expects the Q2 trend to continue after a four-year freight recession. Rising costs — tractors now cost $140,000 to $160,000 — are prompting LTL carriers to raise rates. Saia is being selective about freight, targeting shippers using multiple services, including its white-glove division, Saia Logistics.

Saia shares dropped 11.7% in afternoon trading despite beating second-quarter earnings expectations. The freight transportation and logistics provider reported revenue of $956.5 million, up 17.1% year-over-year, and exceeded earnings per share estimates. However, investors focused on deteriorating profitability metrics. Operating margin has declined 6.1 percentage points over five years, whilst annualised earnings per share fell 14.6% over the past two years. These figures suggest the business has become less efficient despite sales growth. The stock experienced heightened volatility, with 27 moves exceeding 5% over the past year. At $343.54 per share, Saia trades 29.5% below its 52-week high of $487.14. The company has gained 1.9% year-to-date.