Saia(US:SAIA)2026-02-10 12:45Revenue and Income - Fourth quarter 2025 revenue was $790.0 million, a 0.1% increase compared to the fourth quarter of 2024[6] - Full year 2025 revenue reached $3.2 billion, a 0.8% increase, while operating income decreased by 27.0% to $352.2 million[6] - Total operating revenue for 2025 reached $3,234,286, a slight increase from $3,209,074 in 2024, representing a year-over-year growth of 0.8%[26] - Operating income decreased to $352,200 in 2025 from $482,160 in 2024, reflecting a decline of 27.0%[26] - Net income for 2025 was $255,036, down from $362,065 in 2024, indicating a decrease of 29.5%[26] Earnings Per Share - Adjusted diluted earnings per share for 2025 were $9.11, down from $13.51 in 2024, with a reported diluted earnings per share of $9.52[6][20] - Basic earnings per share for 2025 were $9.54, down from $13.57 in 2024, reflecting a decrease of 29.0%[26] Operating Ratios - Fourth quarter operating income decreased by 36.9% to $64.0 million, with an operating ratio of 91.9% compared to 87.1% in the previous year[6] - The operating ratio for the full year 2025 was 89.1%, with an adjusted operating ratio of 89.6% compared to 85.0% in 2024[6][20] - The operating ratio for 2025 was 89.1%, compared to 85.0% in 2024, showing a deterioration of 4.1 percentage points[33] Cash and Debt - Cash on hand at the end of Q4 2025 was $19.7 million, with total debt reduced to $164.0 million from $200.3 million at the end of 2024[8] - Cash and cash equivalents at the end of 2025 were $19,720, a slight increase from $19,473 at the end of 2024[28] - Long-term debt, less current portion, decreased to $163,000 in 2025 from $194,981 in 2024, a decline of 16.4%[24] Capital Expenditures - The company recorded $544.1 million in net capital expenditures during 2025, down from $1,040.9 million in 2024, with expectations of $350 million to $400 million in 2026[9] Shipment and Tonnage - LTL shipments per workday decreased by 0.5% in Q4 2025, while LTL tonnage per workday decreased by 1.5%[6] - LTL tonnage for 2025 was 6,161, an increase of 2.1% from 6,037 in 2024[33] Claims and Costs - The claims ratio for the quarter was a record low of 0.47%, reflecting the company's commitment to customer service[7] - The company experienced unexpected costs of approximately $4.7 million related to elevated self-insurance due to prior year accidents[7] Assets and Liabilities - Total assets increased to $3,482,681 in 2025 from $3,166,857 in 2024, marking a growth of 10.0%[24] - Current liabilities decreased to $265,384 in 2025 from $278,360 in 2024, a reduction of 4.7%[24]