Earnings summaries and quarterly performance for SAIA.
Executive leadership at SAIA.
Frederick J. Holzgrefe, III
Detailed
President & Chief Executive Officer
CEO
AR
Anthony R. Norwood
Detailed
Executive Vice President & Chief Human Resources Officer
MJ
Matthew J. Batteh
Detailed
Executive Vice President & Chief Financial Officer
PD
Patrick D. Sugar
Detailed
Executive Vice President of Operations
RR
Raymond R. Ramu
Detailed
Executive Vice President & Chief Customer Officer
Board of directors at SAIA.
DE
Di-Ann Eisnor
Detailed
Director
DR
Donald R. James
Detailed
Director
DE
Donna E. Epps
Detailed
Director
JC
Jeffrey C. Ward
Detailed
Director
JP
John P. Gainor, Jr.
Detailed
Director
KA
Kevin A. Henry
Detailed
Director
RW
Randolph W. Melville
Detailed
Director
RD
Richard D. O’Dell
Detailed
Chairman of the Board
SF
Susan F. Ward
Detailed
Director
Research analysts who have asked questions during SAIA earnings calls.
Bascome Majors
Susquehanna Financial Group
4 questions for SAIA
Also covers: CHRW, CNI, CSX +20 more
BO
Brian Ossenbeck
JPMorgan Chase & Co.
4 questions for SAIA
Also covers: ARCB, CHRW, CNI +18 more
Christian Wetherbee
Wells Fargo
4 questions for SAIA
Also covers: ARCB, CHRW, CNI +14 more
Christopher Kuhn
The Benchmark Company
4 questions for SAIA
Also covers: FWRD, HUBG, ODFL +1 more
DI
Daniel Imbro
Stephens Inc.
4 questions for SAIA
Also covers: ARCB, CHRW, CNI +23 more
JC
Jonathan Chappell
Evercore ISI
4 questions for SAIA
Also covers: ASC, CHRW, CNI +20 more
JA
Jordan Alliger
Goldman Sachs
4 questions for SAIA
Also covers: ARCB, CSX, FDX +13 more
Ken Hoexter
BofA Securities
4 questions for SAIA
Also covers: ARCB, CHRW, CNI +21 more
RS
Ravi Shanker
Morgan Stanley
4 questions for SAIA
Also covers: AAL, ALGT, ALK +27 more
Eric Morgan
Barclays
3 questions for SAIA
Also covers: CSX, JBHT, KNX +3 more
JS
Jason Seidl
TD Cowen
3 questions for SAIA
Also covers: ARCB, CHRW, CSX +17 more
Stephanie Moore
Jefferies
3 questions for SAIA
Also covers: APG, ARCB, ARMK +30 more
Thomas Wadewitz
UBS
3 questions for SAIA
Also covers: ALK, ARCB, CHRW +20 more
AR
Ariel Rosa
Citigroup
2 questions for SAIA
Also covers: ARCB, CHRW, CNI +16 more
FC
Fadi Chamoun
BMO Capital Markets
2 questions for SAIA
Also covers: CAE, CNI, CP +2 more
JB
J. Bruce Chan
Stifel
2 questions for SAIA
Also covers: ARCB, CENN, CHRW +14 more
SG
Scott Group
Wolfe Research
2 questions for SAIA
Also covers: AAL, ALGT, ALK +35 more
Tyler Brown
Raymond James Financial, Inc.
2 questions for SAIA
Also covers: CLH, CWST, MLM +7 more
BM
Ben Moore
Citigroup
1 question for SAIA
Also covers: GATX, KEX, R +1 more
BO
Brandon Oglenski
Barclays
1 question for SAIA
Also covers: AAL, ALGT, ALK +21 more
Joseph Lawrence Hafling
Jefferies
1 question for SAIA
Also covers: FWRD, GXO, RXO +3 more
Matthew Milask
Stifel Financial Corp.
1 question for SAIA
Also covers: FWRD, GXO, TFII
PB
Patrick Brown
Raymond James
1 question for SAIA
Also covers: BLX, CLH, CWST +8 more
RH
Richa Harnain
Deutsche Bank
1 question for SAIA
Also covers: CHRW, CSX, FDX +7 more
RH
Richard Hanan
Deutsche Bank
1 question for SAIA
Also covers: NSC
TW
Tom Wadewitz
UBS Group
1 question for SAIA
Also covers: ARCB, CHRW, CNI +19 more
Recent press releases and 8-K filings for SAIA.
SAIA Reports Q4 and Full Year 2025 Results
SAIA
Earnings
Guidance Update
New Projects/Investments
- Saia's Q4 2025 revenue increased by 0.1% to $790 million, with diluted earnings per share of $1.77.
- The Q4 2025 operating ratio was 91.9%, a deterioration from 87.1% in Q4 2024, largely impacted by $4.7 million in unexpected adverse developments on self-insurance costs from prior years.
- For the full year 2025, revenue was a record, increasing 0.8% compared to 2024, and the adjusted operating ratio was 89.6%.
- The company has invested over $2 billion in capital over the last three years to expand its national network and currently possesses 20%-25% excess capacity, positioning it to scale with an improved macroeconomic environment.
- Saia expects to achieve 100-200 basis points of operating ratio improvement in 2026 in a steady market, with a long-term target of a sub-80 operating ratio.
11 hours ago
SAIA Reports Q4 2025 Results and Provides 2026 Outlook
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported Q4 2025 revenue of $790 million, a record for any quarter, representing a 0.1% increase year-over-year, while diluted earnings per share decreased to $1.77 from $2.84 in Q4 2024. The operating ratio for the quarter increased to 91.9% compared to 87.1% a year ago.
- For the full year 2025, revenue was a record, increasing 0.8% compared to 2024, with an adjusted operating ratio of 89.6%. The company has invested over $2 billion in its network expansion, revenue equipment, and technology over the past three years.
- Volume trends in Q4 2025 included a 1.5% decrease in tonnage and a 0.5% shipment decline. January 2026 shipments per day were down 2.1% and tonnage per day down 7% due to weather impacts, though ex-weather shipments would have been slightly positive. SAIA anticipates a full-year 2026 operating ratio improvement of 100-200 basis points.
12 hours ago
SAIA Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
SAIA
Earnings
Guidance Update
New Projects/Investments
- SAIA reported Q4 2025 revenue of $790 million, a 0.1% increase, with diluted EPS of $1.77 and an operating ratio of 91.9%. For the full year 2025, revenue increased 0.8% with an operating ratio of 89.1%.
- For 2026, the company expects 100-200 basis points of operating ratio improvement and anticipates 30%-40% incremental margins in an upturn environment, leveraging 20%-25% excess capacity across its network.
- Strategic investments over the past three years totaled over $2 billion in real estate, revenue equipment, and technology, including the opening of 39 terminals since 2022, which operated profitably in 2025.
- SAIA expects to be free cash flow generative in 2026 and plans to balance shareholder returns, such as buybacks and dividends, with future investment opportunities.
12 hours ago
SAIA Reports Fourth Quarter and Full Year 2025 Results
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported diluted earnings per share of $1.77 for Q4 2025, a decrease from $2.84 in Q4 2024, and $9.52 for the full year 2025, down from $13.51 in 2024.
- Revenue for Q4 2025 increased slightly by 0.1% to $790.0 million, while operating income decreased by 36.9% to $64.0 million, resulting in an operating ratio of 91.9%.
- For the full year 2025, revenue increased by 0.8% to $3.2 billion, with operating income decreasing by 27.0% to $352.2 million.
- The company's Q4 2025 results were impacted by approximately $4.7 million in elevated self-insurance related costs.
- SAIA anticipates net capital expenditures for 2026 to be between $350 million and $400 million.
16 hours ago
Saia Reports Fourth Quarter and Full Year 2025 Results
SAIA
Earnings
Guidance Update
Demand Weakening
- Saia reported diluted earnings per share of $1.77 for the fourth quarter of 2025, a decrease from $2.84 in the fourth quarter of 2024, and full-year diluted earnings per share of $9.52 for 2025, down from $13.51 in 2024.
- Revenue increased by 0.1% to $790.0 million in Q4 2025 and by 0.8% to $3.2 billion for the full year 2025.
- Operating income for Q4 2025 decreased by 36.9% to $64.0 million, resulting in an operating ratio of 91.9% compared to 87.1% in the prior year quarter.
- The company ended 2025 with $19.7 million of cash on hand and $164.0 million in total debt.
- Net capital expenditures were $544.1 million in 2025, and are anticipated to be approximately $350 million to $400 million in 2026.
16 hours ago
SAIA Reports October and November 2025 LTL Operating Data
SAIA
Demand Weakening
Guidance Update
- SAIA, Inc. released its LTL operating data for October and November 2025 on December 2, 2025, covering the first two months of the fourth quarter.
- In October 2025, LTL shipments per workday declined 3.4% and LTL tonnage per workday declined 3.3% compared to October 2024.
- In November 2025, LTL shipments per workday increased 2.6% and LTL tonnage per workday increased 1.8% compared to November 2024.
- For the combined October and November 2025 period, LTL shipments per workday were down 0.8% and LTL tonnage per workday was down 1.1% compared to the same period in 2024.
Dec 2, 2025, 12:45 PM
SAIA Reports Q3 2025 Results and Provides Q4 Outlook
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported Q3 2025 revenue of $839.6 million, a 0.3% decrease compared to the prior year, with an adjusted operating ratio of 87.6%. This adjusted OR increased by 250 basis points year-over-year but improved by 20 basis points sequentially from Q2 2025.
- Diluted earnings per share for Q3 2025 were $3.22, and adjusted diluted EPS was $2.81.
- Shipments per workday decreased 1.9% year-over-year but improved 3.2% sequentially. The 39 ramping terminals opened since 2022 achieved a sub-95 operating ratio and saw a 4.2% sequential improvement in shipments per workday.
- For Q4 2025, the company anticipates a 300 to 400 basis point degradation in operating ratio from Q3, with October shipments down approximately 3.5% and tonnage down 4%.
- SAIA implemented a 5.9% General Rate Increase (GRI) on October 1 and expects 2026 capital expenditures to be in the range of $400 million to $500 million.
Nov 5, 2025, 9:23 PM
SAIA Reports Q3 2025 Financial Results
SAIA
Earnings
New Projects/Investments
Demand Weakening
- SAIA reported Q3 2025 revenue of $839.6 million, a 0.3% decrease compared to Q3 2024, and Adjusted Diluted Earnings Per Share of $2.81, an 18.8% decline year-over-year. The Adjusted Operating Ratio worsened by 250 basis points to 87.6%.
- The company plans to invest approximately $550 million to $600 million in 2025 to support its growth strategy, having expanded its network to 213 terminals as of Q3 2025.
- SAIA maintains a solid financial position with $445.6 million in Revolving Credit Facility availability and a Net Debt / Total Capital ratio of 6.8% as of September 30, 2025.
Oct 30, 2025, 2:00 PM
Saia Reports Q3 2025 Results with Flat Revenue and Sequential Operating Ratio Improvement
SAIA
Earnings
Guidance Update
Demand Weakening
- Saia reported Q3 2025 revenue of $839.6 million, a 0.3% decrease compared to the prior year, with diluted earnings per share of $3.22 and adjusted diluted earnings per share of $2.81.
- The adjusted operating ratio for Q3 2025 was 87.6%, improving 20 basis points sequentially from Q2 2025, primarily due to focused cost control efforts resulting in a 0.7% sequential improvement in adjusted cost per shipment.
- Operational metrics showed shipments per workday decreased 1.9% year-over-year but improved 3.2% sequentially, while tonnage per workday decreased 1.5%.
- The 39 ramping terminals, opened since 2022, continued to mature, improving their operating ratio by over 100 basis points sequentially to a sub-95 OR.
- For Q4 2025, the company anticipates a sequential operating ratio degradation of 300-400 basis points, influenced by October trends showing shipments down around 3.5% and tonnage down about 4% so far. A 5.9% General Rate Increase (GRI) was implemented on October 1.
Oct 30, 2025, 2:00 PM
SAIA Reports Q3 2025 Results with Flat Revenue and Increased Adjusted Operating Ratio
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported Q3 2025 revenue of $839.6 million, a slight decrease of 0.3% year-over-year, and an adjusted operating ratio of 87.6%, which increased by 250 basis points compared to Q3 2024 but improved 20 basis points sequentially from Q2 2025.
- Diluted earnings per share for Q3 2025 were $3.22, with adjusted diluted EPS at $2.81, down from $3.46 in Q3 2024.
- The company's ramping markets, consisting of 39 terminals opened since 2022, showed sequential growth and improved their operating ratio by over 100 basis points compared to Q2, now operating at sub-95.
- SAIA implemented a general rate increase of 5.9% on October 1, affecting approximately 25% of its operating revenue.
- For Q4, the company anticipates an operating ratio degradation of 300 to 400 basis points sequentially from Q3, influenced by softer October trends and typical seasonality.
Oct 30, 2025, 2:00 PM
Quarterly earnings call transcripts for SAIA.
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