European Investor
26 Apr 2025, 15:27
Saia, Inc. reported first-quarter 2025 revenue of $787.6 million, a 4.3% increase compared to the same quarter last year.
However, operating income dropped 40.5% to $70.2 million, and diluted earnings per share fell to $1.86 from $3.38 a year ago. The operating ratio worsened to 91.1% from 84.4%. LTL shipments per workday grew 4.6% and LTL tonnage per workday rose 12.7%, but LTL revenue per hundredweight, excluding fuel surcharge, declined 5.1%. Revenue per shipment, excluding fuel surcharge, increased 2.3%.
Management attributed the earnings decline to weak macroeconomic conditions, harsh winter weather, and higher labor and depreciation expenses tied to network expansion. Despite the challenges, Saia saw growth in shipments from newly opened terminals and remains optimistic about long-term opportunities. The company ended the quarter with $16.5 million in cash and $295.5 million in total debt, and expects around $650 million in net capital expenditures for the full year 2025.
However, operating income dropped 40.5% to $70.2 million, and diluted earnings per share fell to $1.86 from $3.38 a year ago. The operating ratio worsened to 91.1% from 84.4%. LTL shipments per workday grew 4.6% and LTL tonnage per workday rose 12.7%, but LTL revenue per hundredweight, excluding fuel surcharge, declined 5.1%. Revenue per shipment, excluding fuel surcharge, increased 2.3%.
Management attributed the earnings decline to weak macroeconomic conditions, harsh winter weather, and higher labor and depreciation expenses tied to network expansion. Despite the challenges, Saia saw growth in shipments from newly opened terminals and remains optimistic about long-term opportunities. The company ended the quarter with $16.5 million in cash and $295.5 million in total debt, and expects around $650 million in net capital expenditures for the full year 2025.