secwatch.observer — SEC 8-K summary
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Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0000950170-23-055799
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023055799/0000950170-23-055799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023055799/saia-20231027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055799

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