Saia(US:SAIA)2025-04-25 11:45Revenue and Earnings - Revenue for Q1 2025 was $787.6 million, a 4.3% increase compared to $754.8 million in Q1 2024[7] - Diluted earnings per share for Q1 2025 were $1.86, compared to $3.38 in Q1 2024[3] Operating Performance - Operating income decreased by 40.5% to $70.2 million from $117.9 million in the same quarter last year[7] - The operating ratio increased to 91.1% from 84.4% year-over-year[7] - Operating ratio increased to 91.1% in Q1 2025 from 84.4% in Q1 2024[26] Shipment and Tonnage - LTL shipments per workday increased by 4.6%, while LTL tonnage per workday rose by 12.7%[7] - The company experienced shipment growth of 4.6% for the full quarter, driven by terminals opened in the past three years[5] - LTL tonnage rose by 11.0% to 1,545 thousand in Q1 2025 compared to 1,392 thousand in Q1 2024[26] - LTL shipments increased by 2.9% to 2,170 thousand in Q1 2025 from 2,108 thousand in Q1 2024[26] Revenue Metrics - LTL revenue per hundredweight (cwt.) decreased by 5.8% to $24.97 in Q1 2025 from $26.51 in Q1 2024[26] - LTL revenue per shipment increased by 1.5% to $355.48 in Q1 2025 compared to $350.18 in Q1 2024[26] Shipment Characteristics - LTL pounds per shipment increased by 7.8% to 1,424 in Q1 2025 from 1,321 in Q1 2024[26] - LTL length of haul increased by 1.9% to 905 miles in Q1 2025 compared to 888 miles in Q1 2024[26] Financial Position - Cash on hand at the end of Q1 2025 was $16.5 million, up from $12.3 million at the end of Q1 2024[9] - Total debt increased to $295.5 million from $84.1 million year-over-year[9] - Net capital expenditures for Q1 2025 were $202.1 million, down from $456.8 million in Q1 2024[10] - The company anticipates net capital expenditures of approximately $650 million for the full year 2025[10]