secwatch.observer — SEC 8-K summary
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Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000950170-23-015487
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023015487/0000950170-23-015487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023015487/saia-20230428.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-015487

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