secwatch.observer — SEC 8-K summary
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Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000950170-24-048672
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saia Q1 EPS $3.38 beats $2.85; revenue $754.8M +14.3%; capex ~$1B
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- Diluted EPS $3.38 vs $2.85; revenue $754.8M +14.3%; operating income $117.9M +18.9%, operating ratio 84.4%.
- LTL shipments per workday +15.7%, tonnage +6.2%; revenue per cwt ex fuel +10.5%.
- Net capex $456.8M in Q1 (vs $128.1M); full-year guidance ~$1B; includes $235.7M for Yellow Corp properties.
- Opened 4 new terminals; plans 15-20 new terminals in 2024; added >2,000 trailers, 400 tractors, 400 forklifts.
- Cash $12.3M, total debt $84.1M at March 31, 2024 vs $166.4M cash and $26.5M debt a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024048672/0000950170-24-048672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024048672/saia-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-048672

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