---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-058331"
form_type: "8-K"
ticker: "SAIA"
cik: "0001177702"
company_name: "SAIA INC"
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:42:32.141438+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Saia Q1 EPS falls 45% to $1.86; revenue up 4.3% but operating income down 40.5%

## Summary
- Diluted EPS of $1.86, down from $3.38 in Q1 2024; operating income fell 40.5% to $70.2M.
- Revenue rose 4.3% to $787.6M; operating ratio worsened to 91.1% from 84.4%.
- LTL tonnage per workday increased 12.7%, but revenue per hundredweight ex fuel decreased 5.1%.
- Cash $16.5M, debt $295.5M (up from $84.1M a year ago); net capex $202.1M in Q1.
- FY2025 net capex guidance approximately $650M, subject to market conditions.

## SEC filing metadata
- accession: 0000950170-25-058331
- form_type: 8-K
- ticker: SAIA
- cik: 0001177702
- company_name: SAIA INC
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177702/000095017025058331/0000950170-25-058331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177702/000095017025058331/saia-20250425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-058331
- JSON: https://secwatch.observer/filing/0000950170-25-058331.json
- Plain text: https://secwatch.observer/filing/0000950170-25-058331.txt

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