Saia Q1 EPS falls to $2.85 from $2.98; revenue flat at $660.5M

SAIA INC

2023-Q1 EPS reported $2.85 revenue$660,535,000

Diluted EPS $2.85 (down from $2.98); operating income $99.1M (-4.2%); operating ratio 85.0% worsened.
Revenue $660.5M flat; LTL shipments -7.1%, tonnage -5.5%; yield ex-fuel surcharge +4.5%.
Opened 4 new terminals in 2023; expects capex >$400M for full year.
Cash $166.4M, debt $26.5M; net capex $128.1M in Q1 vs $45.4M prior year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAIA INC reported first quarter 2023 results: revenue $660.5 million, EPS $2.85.

Period: first quarter 2023
Revenue: $660.5 million
EPS: $2.85
Result: reported results

Exact text from the filing

$2.98 in the first quarter of 2022. Highlights from the first quarter operating results were as follows: First Quarter 2023 Compared to First Quarter 2022 Results • Revenue was $660.5 million, a 0.1% decrease • Operating income was $99.1 million, a 4.2% decrease • Operating ratio of 85.0% compared to 84.4% • LTL shipments per workday decreased 7.1% • LTL tonnage per

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Source: SEC EDGAR

accession 0000950170-23-015487

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