---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001744"
form_type: "8-K"
ticker: "SAIA"
cik: "0001177702"
company_name: "SAIA INC"
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T00:51:22.703351+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Saia Q4 EPS $2.65 vs $2.76 YoY; December tonnage down 13.2%

## Summary
- Q4 diluted EPS fell to $2.65 from $2.76 a year ago; full-year EPS rose 41% to $13.40.
- Q4 revenue up 6.3% to $655.7M (record); operating ratio worsened to 85.9% from 84.2%.
- LTL shipments/workday -8.2%, tonnage/workday -7.7%; December tonnage down 13.2%.
- Full-year operating income +40.4% to $470.5M; operating ratio improved 230 bps to 83.1%.
- Cash $187.4M; 2023 net capex guided >$400M; five terminal openings planned in H1 2023.

## SEC filing metadata
- accession: 0000950170-23-001744
- form_type: 8-K
- ticker: SAIA
- cik: 0001177702
- company_name: SAIA INC
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177702/000095017023001744/0000950170-23-001744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177702/000095017023001744/saia-20230203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001744
- JSON: https://secwatch.observer/filing/0000950170-23-001744.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001744.txt

## Key facts
- Earnings Releases
  SAIA INC reported full year 2022 results: revenue $2.8 billion, EPS $13.40.
  - Period: full year 2022
  - Revenue: $2.8 billion
  - EPS: $13.40
  - Result: reported results
  source text: 7.7% • LTL revenue per hundredweight increased 14.3% • LTL revenue per shipment rose 15.0% to $364.44 Full Year 2022 Results Compared to Full Year 2021 Results • Revenue was $2.8 billion, a 22.0% increase • Operating income was $470.5 million, a 40.4% increase • Operating ratio of 83.1% compared to 85.4% • LTL shipments per workday decreased 0.8% • LTL tonnage
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177702/000095017023001744/0000950170-23-001744-index.htm
- Earnings Releases
  SAIA INC reported fourth quarter 2022 results: revenue $655.7 million, EPS $2.65.
  - Period: fourth quarter 2022
  - Revenue: $655.7 million
  - EPS: $2.65
  - Result: reported results
  source text: to $9.48 in 2021. Highlights from the fourth quarter and full year operating results were as follows: Fourth Quarter 2022 Compared to Fourth Quarter 2021 Results • Revenue was $655.7 million, a 6.3% increase • Operating income was $92.7 million, a 4.8% decrease • Operating ratio of 85.9% compared to 84.2% • LTL shipments per workday decreased 8.2% • LTL tonnage per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177702/000095017023001744/0000950170-23-001744-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.