secwatch.observer — SEC 8-K summary
======================================

Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0000950170-24-117217
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saia Q3 EPS $3.46, down from $3.67; revenue up 8.6% to $842.1M
--------------------------------------------------------------

- Diluted EPS $3.46 vs $3.67; operating income $125.2M, down 2.5%; operating ratio 85.1% vs 83.4%.
- Revenue $842.1M, +8.6%; LTL shipments +8.5%, tonnage +7.7%; rev per cwt ex fuel +1.7%.
- Net capex first 9 months $873.2M (incl. $235.7M for Yellow properties); FY2024 capex ~$1B.
- Opened 11 terminals in Q3; now serve all contiguous 48 states; plan 3 more in Q4 for 21 total.
- Cash $14.4M, debt $191.0M vs $249.3M cash and $18.9M debt a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024117217/0000950170-24-117217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024117217/saia-20241025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117217

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer