---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055799"
form_type: "8-K"
ticker: "SAIA"
cik: "0001177702"
company_name: "SAIA INC"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:46:24.475653+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Saia Q3 EPS flat at $3.67; revenue up 6.2% to $775.1M; operating ratio worsens to 83.4%

## Summary
- Diluted EPS $3.67 unchanged YoY; revenue $775.1M (+6.2%) on 12.2% LTL shipments per day growth.
- Operating ratio deteriorated 100 bps to 83.4%; salaries & benefits +16% from 1,000+ new hires and 4.1% wage increase.
- Late July volume surge from LTL competitor shutdown; LTL tonnage per day +6.7%, rev per cwt ex fuel +8.4%.
- Cash $249.3M; net capex 9-month $338.4M; 2023 capex guidance >$400M, subject to market conditions.
- Core pricing environment positive; management expects improved productivity as new staff gain experience.

## SEC filing metadata
- accession: 0000950170-23-055799
- form_type: 8-K
- ticker: SAIA
- cik: 0001177702
- company_name: SAIA INC
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177702/000095017023055799/0000950170-23-055799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177702/000095017023055799/saia-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055799
- JSON: https://secwatch.observer/filing/0000950170-23-055799.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055799.txt

## Key facts
- Earnings Releases
  SAIA INC reported third quarter 2023 results: revenue $775.1 million, EPS $3.67.
  - Period: third quarter 2023
  - Revenue: $775.1 million
  - EPS: $3.67
  - Result: reported results
  source text: $3.67 in the third quarter of 2022. Highlights from the third quarter operating results were as follows: Third Quarter 2023 Compared to Third Quarter 2022 Results • Revenue was $775.1 million, a 6.2% increase • Operating income was $128.4 million, a 0.1% increase • Operating ratio of 83.4% compared to 82.4% • LTL shipments per workday increased 12.2% • LTL tonnage per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177702/000095017023055799/0000950170-23-055799-index.htm

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