secwatch.observer — SEC 8-K summary
======================================

Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0000950170-23-001744
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023001744/0000950170-23-001744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023001744/saia-20230203.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001744

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer