The earnings call reflects a mixed performance with significant improvements in operating efficiency and revenue per shipment, but challenges remain with declining year-over-year revenue and shipments, increased operating expenses, and a notable decline in earnings per share. While there are positive trends in cost management and new market performance, the overall financial performance shows areas of concern.

Company Guidance -

Q3 2025

During the Second Quarter 2025 earnings call for Saia, Inc., the company provided detailed guidance on multiple financial metrics. The operating ratio for the quarter was reported at 87.8%, showing a 330 basis point improvement from the first quarter of 2025, though it was higher than the 83.3% from the same quarter last year. Revenue for the quarter was $817 million, reflecting a slight decrease of 0.7% year-over-year due to muted volume trends. Shipments per workday were down 2.8% compared to the previous year. Despite these challenges, Saia achieved a revenue per shipment increase of 2.7% excluding fuel surcharge and 1.8% including it. The company emphasized its focus on optimizing variable costs, improving network efficiency, and executing a long-term strategy to manage the business effectively. Saia also noted a 4% sequential decrease in cost per shipment from the first quarter, despite a 4.7% increase in total operating expenses year-over-year. The call highlighted Saia's strategic initiatives in mix management and customer service enhancements, including a relocation of their customer service function to field locations, which contributed to a cargo claims ratio of just 0.5% for the quarter.

Sequential Operating Ratio Improvement

The second quarter operating ratio improved by 330 basis points from the first quarter of this year, outperforming the historical average of 250 to 300 basis points.

Revenue Per Shipment Increase

Revenue per shipment, excluding fuel surcharge, increased 2.7% compared to the second quarter of last year.

Improved Performance in New Markets

Terminals opened less than 3 years saw about a 4% sequential improvement in shipments per workday in the second quarter of 2025, compared to the first quarter.

Cost Management and Headcount Reduction

Achieved a 4% sequential decrease in cost per shipment compared to the first quarter, with headcount reduced by about 4.2% from March to the end of June.

Continued Investment in Network Expansion

Planned capital expenditures are approximately $600 million to $650 million for the year, focusing on network expansion, equipment, and people.

Saia (SAIA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SAIA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 24, 2025	2025 (Q3)	2.50 / -	3.46	―	―	―
Jul 31, 2025	2025 (Q2)	2.39 / 2.67	3.83	-30.29% (-1.16)	―
Apr 25, 2025	2025 (Q1)	2.76 / 1.86	3.38	-44.97% (-1.52)
Feb 03, 2025	2024 (Q4)	2.77 / 2.84	3.33	-14.71% (-0.49)
Oct 25, 2024	2024 (Q3)	3.53 / 3.46	3.67	-5.72% (-0.21)
Jul 26, 2024	2024 (Q2)	4.01 / 3.83	3.42	11.99% (+0.41)	―
Apr 26, 2024	2024 (Q1)	3.45 / 3.38	2.85	18.60% (+0.53)
Feb 02, 2024	2023 (Q4)	3.20 / 3.33	2.65	25.66% (+0.68)	―
Oct 27, 2023	2023 (Q3)	3.62 / 3.67	3.67	0.00% (0.00)	―
Jul 28, 2023	2023 (Q2)	3.28 / 3.42	4.1	-16.59% (-0.68)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SAIA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$302.68	$302.24	-0.15%
Apr 25, 2025	$354.22	$245.63	-30.66%
Feb 03, 2025	$480.11	$470.41	-2.02%
Oct 25, 2024	$414.43	$461.65	+11.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Saia Inc (SAIA) report earnings?

Saia Inc (SAIA) is schdueled to report earning on Oct 24, 2025, Before Open (Confirmed).

What is Saia Inc (SAIA) earnings time?

Saia Inc (SAIA) earnings time is at Oct 24, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SAIA EPS forecast?

SAIA EPS forecast for the fiscal quarter 2025 (Q3) is 2.5.

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