Core Viewpoint - Saia reported a revenue of $787.58 million for the quarter ended March 2025, reflecting a year-over-year increase of 4.3%, but fell short of the Zacks Consensus Estimate of $810.08 million, resulting in a revenue surprise of -2.78% [1] - The company's EPS was $1.86, significantly lower than the $3.38 reported in the same quarter last year, leading to an EPS surprise of -32.85% against the consensus estimate of $2.77 [1] Financial Performance Metrics - Operating Ratio was reported at 91.1%, which is higher than the five-analyst average estimate of 87.6% [4] - LTL (Less-Than-Truckload) Shipments totaled 2,170, slightly below the three-analyst average estimate of 2,219 [4] - LTL Revenue Per Hundredweight (CWT) was $24.97, exceeding the three-analyst average estimate of $24.75 [4] - LTL pounds per shipment were 1,424, surpassing the three-analyst average estimate of 1,405 [4] - LTL Tonnage was reported at 1,545 KTon, compared to the three-analyst average estimate of 1,558.55 KTon [4] - LTL revenue per CWT, excluding fuel surcharge, was $21.12, lower than the average estimate of $21.50 [4] - LTL revenue per shipment, excluding fuel surcharge, was $300.76, compared to the average estimate of $302.52 [4] - LTL revenue per shipment was $355.48, slightly above the two-analyst average estimate of $353.03 [4] Stock Performance - Saia's shares have returned -5.8% over the past month, compared to a -4.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - Saia reported quarterly earnings of $1.86 per share, missing the Zacks Consensus Estimate of $2.77 per share, and down from $3.38 per share a year ago, indicating a significant earnings surprise of -32.85% [1][2] Financial Performance - The company posted revenues of $787.58 million for the quarter ended March 2025, which was 2.78% below the Zacks Consensus Estimate, but an increase from $754.78 million year-over-year [2] - Over the last four quarters, Saia has surpassed consensus EPS estimates only once, while it has topped consensus revenue estimates three times [2] Stock Performance - Saia shares have declined approximately 22.3% since the beginning of the year, contrasting with the S&P 500's decline of -6.8% [3] - The current consensus EPS estimate for the upcoming quarter is $3.92 on revenues of $874.37 million, and for the current fiscal year, it is $14.82 on revenues of $3.47 billion [7] Industry Outlook - The Transportation - Truck industry, to which Saia belongs, is currently ranked in the bottom 8% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Saia's stock performance [5][6]

Revenue 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]

Core Insights - Saia, Inc. reported a decline in diluted earnings per share to $1.86 for Q1 2025, down from $3.38 in Q1 2024, reflecting challenges in the macroeconomic environment and adverse weather conditions [1][14]. Financial Performance - Operating revenue for Q1 2025 was $787.6 million, a 4.3% increase from $754.8 million in Q1 2024 [7]. - Operating income decreased significantly by 40.5% to $70.2 million compared to $117.9 million in the same quarter last year [7]. - The operating ratio worsened to 91.1% from 84.4% year-over-year [7][16]. - Net income for Q1 2025 was $49.8 million, down from $90.7 million in Q1 2024 [14]. Operational Highlights - LTL shipments per workday increased by 4.6%, while LTL tonnage per workday rose by 12.7% [7][16]. - LTL revenue per hundredweight, excluding fuel surcharge revenue, decreased by 5.1%, while LTL revenue per shipment, excluding fuel surcharge revenue, increased by 2.3% [7][16]. Challenges and Outlook - The company faced an uncertain macroeconomic environment, leading to flat shipment growth in March compared to February [2]. - Adverse weather conditions in the southern U.S. impacted operations in key regions [2]. - Despite these challenges, the company remains focused on customer service and support as it navigates through 2025 [3]. Financial Position and Capital Expenditures - As of March 31, 2025, the company had $16.5 million in cash and total debt of $295.5 million, compared to $12.3 million in cash and $84.1 million in debt a year earlier [4]. - Net capital expenditures for Q1 2025 were $202.1 million, down from $456.8 million in the same period of 2024, with an anticipated total of approximately $650 million for the year [5].