secwatch.observer — SEC 8-K summary
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Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000950170-23-035291
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023035291/0000950170-23-035291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023035291/saia-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035291

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