---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-035291"
form_type: "8-K"
ticker: "SAIA"
cik: "0001177702"
company_name: "SAIA INC"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:50:31.170827+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Saia Q2 EPS $3.42 (down 16.6% YoY); revenue $694.6M (-6.8%); operating ratio 82.7%

## Summary
- Diluted EPS $3.42 vs $4.10; operating income $120.3M, down 17.6% YoY.
- Revenue $694.6M, down 6.8%; LTL shipments per workday -3.8%, tonnage -1.7%.
- Operating ratio 82.7% vs 80.4% a year ago; fuel surcharge revenue fell over 30%.
- Core pricing improved: LTL rev per cwt ex fuel +2.7%, rev per shipment ex fuel +4.8%.
- Net capex $226.5M in first half; expects >$400M for full year. Cash $235M, debt $21.4M.

## SEC filing metadata
- accession: 0000950170-23-035291
- form_type: 8-K
- ticker: SAIA
- cik: 0001177702
- company_name: SAIA INC
- filed_at: 2023-07-28T23:59:59+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/1177702/000095017023035291/0000950170-23-035291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177702/000095017023035291/saia-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-035291
- JSON: https://secwatch.observer/filing/0000950170-23-035291.json
- Plain text: https://secwatch.observer/filing/0000950170-23-035291.txt

## Key facts
- Earnings Releases
  SAIA INC reported second quarter 2023 results: revenue $694.6 million, EPS $3.42.
  - Period: second quarter 2023
  - Revenue: $694.6 million
  - EPS: $3.42
  - Result: reported results
  source text: in the second quarter of 2022. Highlights from the second quarter operating results were as follows: Second Quarter 2023 Compared to Second Quarter 2022 Results • Revenue was $694.6 million, a 6.8% decrease • Operating income was $120.3 million, a 17.6% decrease • Operating ratio of 82.7% compared to 80.4% • LTL shipments per workday decreased 3.8% • LTL tonnage per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177702/000095017023035291/0000950170-23-035291-index.htm

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