secwatch.observer — SEC 8-K summary
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Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0000950170-24-010102
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saia Q4 EPS $3.33, revenue $751.1M +14.5% YoY; plans 15-20 new terminals in 2024
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- Q4 diluted EPS $3.33 (vs $2.65 YoY); revenue $751.1M (+14.5%); operating ratio 85.0% vs 85.9%.
- LTL shipments/workday +18.1%, tonnage +8.2%; revenue per hundredweight ex-fuel +11.7%.
- Full-year 2023 EPS $13.26 (vs $13.40); revenue $2.9B (+3.2%); operating ratio 84.0% vs 83.1%.
- Acquired 17 terminals and lease rights for 11 more in mid-Jan 2024; plans 15-20 new terminals in 2024.
- Ended 2023 with $296.2M cash; net capex $437.2M in 2023, expects ~$1B in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024010102/0000950170-24-010102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024010102/saia-20240202.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-010102

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