JOHNS CREEK, Ga., May 20, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ:SAIA) announced that Saia LTL Freight's newest Pennsylvania terminal, in Reading, commenced operations today. The facility will provide customers with more direct shipping points across the Northeast and beyond. "We are excited to be a part of the Reading community, which is a new market for us," said Vice President of Operations, East Jared Mull. "The local economy is growing, so we are happy to help facilitate added growth by providing s ...

Financial Data and Key Metrics Changes - The company's Q1 2024 revenue reached $754.8 million, a 14.3% increase year-over-year, marking a record for any first quarter in the company's history [27][32] - Operating ratio improved to 84.4%, a 60 basis point improvement compared to the same quarter last year, matching the best Q1 operating ratio posted in 2022 [131] - Diluted earnings per share increased to $3.38 from $2.85 in the prior year [7] Business Line Data and Key Metrics Changes - Average daily shipments increased to approximately 33,000, up nearly 16% from about 28,500 per day last year [3] - Tonnage increased by 6.2%, driven by a 15.7% increase in shipments, despite an 8.2% decrease in average weight per shipment [6] - Revenue per shipment, excluding fuel surcharge, rose by 1.4% despite challenges from weight per shipment [4] Market Data and Key Metrics Changes - The company added 20 new facilities over the last two years, enhancing service levels and customer satisfaction [5] - Claims and insurance expenses increased by 24.2% year-over-year, primarily due to increased activity and a rise in premiums [30] - Fuel expenses rose by 3.7%, while company linehaul miles increased by 10.6% year-over-year [133] Company Strategy and Development Direction - The company plans to open 15 to 20 terminals in total this year, with a focus on strategic relocations to improve market position and capacity [28] - Capital expenditures for 2024 are anticipated to be approximately $1 billion, aimed at expanding the network and enhancing service capabilities [8] - The company emphasizes a customer-first approach, aiming to achieve higher service levels while managing costs effectively [135] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic uncertainty but expressed confidence in the company's ability to execute plans for long-term success [33] - The company expects to see a seasonal pickup in volumes, with tonnage per day in April running about 6.5% higher than the previous year [35] - Management remains focused on maintaining service quality to justify rate increases, despite the competitive pricing environment [102] Other Important Information - The company has seen significant employee growth, with a headcount increase of over 15% year-over-year to support volume growth [6] - The partnership with a leading Mexican LTL carrier is expected to enhance cross-border service capabilities [32] Q&A Session Summary Question: How is the competitive environment within the LTL industry evolving? - Management indicated that while the market is currently softer, the company is well-positioned to capitalize on opportunities as demand picks up [45] Question: What are the expectations for shipment growth in the second half of the year? - Management acknowledged that the second half may face tougher comparisons but remains optimistic about growth driven by new terminal openings [46] Question: How is the company managing pricing discussions with new customers? - Management noted that many new customers are familiar with the company due to prior relationships, which aids in pricing discussions [91] Question: What is the outlook for staffing new facilities? - Management expressed confidence in staffing new facilities with experienced personnel from within the company, which helps maintain culture and service standards [85]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-49983 Saia, Inc. (Exact name of registrant as specified in its charter) Delaware 48-1229851 (State of incorporation) (I.R.S. Employer 11465 Johns Creek Parkway, Su ...

Exhibit 99.1 Saia Reports First Quarter Results JOHNS CREEK, GA – April 26, 2024 – Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported first quarter 2024 financial results. Diluted earnings per share for the quarter were $3.38 compared to $2.85 in the first quarter of 2023. Highlights from the first quarter operating results were as follows: First Quarter 2024 Compared to First Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-49983 Saia, Inc. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receiv ...

Saia, Inc. (NASDAQ:SAIA) Q4 2023 Earnings Conference Call February 2, 2024 10:00 AM ET Company Participants Doug Col - Executive Vice President and Chief Financial Officer Fritz Holzgrefe - President and Chief Executive Officer Conference Call Participants Jack Atkins - Stephens Amit Mehrotra - Deutsche Bank Chris Wetherbee - Citigroup Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of America James Monigan - Wells Fargo Tom Wadewitz - UBS Jaso ...

Saia, Inc. (NASDAQ:SAIA) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Doug Col - EVP and CFO Fritz Holzgrefe - President and CEO Conference Call Participants Chris Wetherbee - Citigroup Amit Mehrotra - Deutsche Bank Scott Group - Wolfe Research Jack Atkins - Stephens Ken Hoexter - Bank of America Allison Poliniak - Wells Fargo Bruce Chan - Stifel Jordan Alliger - Goldman Sachs Eric Morgan - Barclays Ravi Shanker - Morgan Stanley Jason Seidl - TD Cowen Tom Wadewitz - UBS ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-49983 Saia, Inc. (Exact name of registrant as specified in its charter) (State of incorporation) (I.R.S. Employer Delaware 48-1229851 Identification No.) 11465 ...

Saia, Inc. (NASDAQ:SAIA) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET Company Participants Doug Col - EVP & CFO Fritz Holzgrefe - President & CEO Conference Call Participants Jack Atkins - Stephens Amit Mehrotra - Deutsche Bank Chris Wetherbee - Citigroup Thomas Wadewitz - UBS James Mulligan - Wells Fargo Jordan Alliger - Goldman Sachs Ken Hoexter - Bank of America Jonathan Chappell - Everycore ISI Eric Morgan - Barclays Jason Seidl - TD Cowen Ravi Shanker - Morgan Stanley Bascome Majors - Sus ...

PART I. FINANCIAL INFORMATION [ITEM 1: Financial Statements](index=3&type=section&id=ITEM%201%3A%20Financial%20Statements) The Q2 and six-month financial statements for June 30, 2023, show decreased operating revenue and net income, increased assets and equity, and improved operating cash flow, with notes detailing accounting policies and debt [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to $2.337 billion at June 30, 2023, driven by higher cash and property, while liabilities slightly decreased and stockholders' equity rose | Metric | June 30, 2023 (in thousands) | Dec 31, 2022 (in thousands) | Change | | :-------------------------------- | :--------------------------- | :-------------------------- | :----- | | Total Assets | $2,337,111 | $2,174,710 | +$162,401 | | Cash and cash equivalents | $234,997 | $187,390 | +$47,607 | | Net property and equipment | $1,607,553 | $1,482,620 | +$124,933 | | Total Liabilities | $590,889 | $595,369 | -$4,480 | | Total Stockholders' Equity | $1,746,222 | $1,579,341 | +$166,881 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2023 saw a 6.8% YoY decrease in operating revenue, leading to a 17.6% drop in operating income and a 16.4% decline in net income, with similar trends for the six-month period | Metric | Q2 2023 (in thousands) | Q2 2022 (in thousands) | Change (%) | 6M 2023 (in thousands) | 6M 2022 (in thousands) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | :--------------------- | :--------------------- | :--------- | | Operating Revenue | $694,622 | $745,554 | (6.8)% | $1,355,157 | $1,406,770 | (3.7)% | | Operating Income | $120,255 | $145,993 | (17.6)% | $219,398 | $249,442 | (12.0)% | | Net Income | $91,319 | $109,245 | (16.4)% | $167,416 | $188,669 | (11.2)% | | Diluted Earnings Per Share | $3.42 | $4.10 | (16.7)% | $6.27 | $7.08 | (11.5)% | [Condensed Consolidated Statements of Stockholders' Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Total stockholders' equity increased to $1.746 billion by June 30, 2023, primarily due to net income for the periods, with stock compensation also contributing | Metric | Dec 31, 2022 (in thousands) | Mar 31, 2023 (in thousands) | Jun 30, 2023 (in thousands) | | :--------------------------- | :-------------------------- | :-------------------------- | :-------------------------- | | Total Stockholders' Equity | $1,579,341 | $1,650,940 | $1,746,222 | | Net Income (Q1 2023) | N/A | $76,097 | N/A | | Net Income (Q2 2023) | N/A | N/A | $91,319 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities significantly increased to $291.4 million for the six months ended June 30, 2023, while investing activities used more cash due to higher capital expenditures | Metric | 6M 2023 (in thousands) | 6M 2022 (in thousands) | Change | | :-------------------------------- | :--------------------- | :--------------------- | :----- | | Net cash provided by operating activities | $291,405 | $207,905 | +$83,500 | | Net cash used in investing activities | $(226,493) | $(155,291) | -$(71,202) | | Net cash used in financing activities | $(17,305) | $(21,331) | +$4,026 | | Net Increase in Cash and Cash Equivalents | $47,607 | $31,283 | +$16,324 | | Cash and Cash Equivalents, end of period | $234,997 | $137,871 | +$97,126 | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes provide essential context and detail for the condensed consolidated financial statements, covering significant accounting policies, earnings per share, commitments, fair value measurements, and debt arrangements [Summary of Significant Accounting Policies](index=8&type=section&id=(1)%20Summary%20of%20Significant%20Accounting%20Policies) The company primarily provides national less-than-truckload (LTL) services, accounting for over 97% of its revenue, with revenue recognized over shipment transit time - Saia, Inc. primarily offers national less-than-truckload (LTL) services, accounting for over **97% of its revenue**, and also provides non-asset truckload, expedited transportation, and logistics services[23](index=23&type=chunk) - Revenue is recognized over the transit time of shipments (1-5 days) as performance obligations are satisfied, with billing typically occurring after service completion[25](index=25&type=chunk) [Computation of Earnings Per Share](index=9&type=section&id=(2)%20Computation%20of%20Earnings%20Per%20Share) Basic EPS for Q2 2023 was $3.43 and diluted EPS was $3.42, both lower than Q2 2022, with similar declines for the six-month period | Metric | Q2 2023 | Q2 2022 | 6M 2023 | 6M 2022 | | :--------------------------- | :------ | :------ | :------ | :------ | | Basic Earnings Per Share | $3.43 | $4.12 | $6.29 | $7.12 | | Diluted Earnings Per Share | $3.42 | $4.10 | $6.27 | $7.08 | - Options and restricted stock for **14,854 shares** (Q2 2023) and **38,437 shares** (Q2 2022) were excluded from diluted EPS calculations due to their anti-dilutive effect[28](index=28&type=chunk) [Commitments and Contingencies](index=9&type=section&id=(3)%20Commitments%20and%20Contingencies) Management believes adequate provisions have been made for legal contingencies, expecting no material adverse effect on financial condition, though operating results could be affected - Management believes adequate provisions have been made for legal contingencies, claims, and pending litigation, expecting no material adverse effect on financial condition, but acknowledging potential impact on quarterly or annual operating results[29](index=29&type=chunk) [Fair Value of Financial Instruments](index=9&type=section&id=(4)%20Fair%20Value%20of%20Financial%20Instruments) The estimated fair value of total debt at June 30, 2023, was $21.5 million, closely aligning with its carrying value of $21.4 million | Metric | June 30, 2023 (in millions) | Dec 31, 2022 (in millions) | | :--------------------------- | :-------------------------- | :-------------------------- | | Estimated Fair Value of Total Debt | $21.5 | $31.2 | | Carrying Value of Total Debt | $21.4 | $31.0 | [Debt and Financing Arrangements](index=10&type=section&id=(5)%20Debt%20and%20Financing%20Arrangements) Total debt, primarily finance leases, decreased to $21.4 million at June 30, 2023, and the company entered a new unsecured $300 million credit agreement with no outstanding borrowings | Metric | June 30, 2023 (in thousands) | Dec 31, 2022 (in thousands) | Change | | :--------------------------- | :--------------------------- | :-------------------------- | :----- | | Total Debt | $21,358 | $31,008 | -$9,650 | | Long-term debt, less current portion | $9,677 | $16,489 | -$6,812 | - On February 3, 2023, the Company entered into a new unsecured credit agreement for **$300 million**, extending the term to February 2028 and increasing the accordion feature to **$150 million**, replacing the previous secured agreement[33](index=33&type=chunk) - As of June 30, 2023, the Company had no outstanding borrowings under its credit agreements but had **$33.1 million** in outstanding letters of credit[34](index=34&type=chunk) [Credit Agreement](index=10&type=section&id=Credit%20Agreement) The company replaced its secured $300 million credit agreement with a new unsecured one in February 2023, extending the term to 2028 and increasing the accordion feature to $150 million, with no outstanding borrowings at June 30, 2023 - The 2023 Credit Agreement provides a **$300 million** revolving line of credit, extends