Saia reports decrease in earnings per share and operating income, with revenue increase

From GlobeNewswire: 2025-04-25 07:30:00

Saia, Inc. reported first quarter 2025 financial results with diluted earnings per share at $1.86, down from $3.38 in 2024. Revenue increased by 4.3% to $787.6 million, while operating income decreased by 40.5% to $70.2 million. LTL shipments per workday grew by 4.6% and LTL tonnage per workday increased by 12.7%.

Saia’s President and CEO, Fritz Holzgrefe, mentioned that the company faced challenges due to an uncertain macroeconomic environment. Adverse weather conditions and labor expenses affected operating income. However, shipment growth of 4.6% was experienced throughout the quarter, especially in newer markets.

Despite challenges, Saia’s nationwide terminal network enabled them to serve customers better. The company remains focused on supporting customers throughout 2025. Executive Vice President and CFO, Matt Batteh, expressed confidence in Saia’s ability to provide consistent service to customers amid market uncertainty.

At the end of the first quarter of 2025, Saia had $16.5 million in cash and total debt of $295.5 million. Net capital expenditures for the quarter were $202.1 million. The company anticipates net capital expenditures of approximately $650 million for 2025, subject to market conditions.

Investors and analysts can join Saia’s conference call at 10:00 a.m. Eastern Time today to discuss quarterly results. The call will be webcast live on the company’s website. Saia, Inc. offers a wide range of transportation and logistics services nationwide, operating 213 terminals. For more information, visit the Investor Relations section of their website.



Read more at GlobeNewswire:: Saia Reports First Quarter Results