Saia, Inc. demonstrated strong operational improvements and cost management, particularly with an improved operating ratio and increased revenue per shipment. However, challenges persist with revenue and shipment declines, increased operating expenses, and a drop in earnings per share. The sentiment reflects a balance of achievements and ongoing challenges.

Company Guidance -

Q3 2025

During the Saia, Inc. Second Quarter 2025 Earnings Conference Call, several key metrics and insights were provided. The company's operating ratio improved by 330 basis points sequentially from the first quarter, reaching 87.8%. This improvement surpassed the historical average of 250 to 300 basis points, despite muted volume trends. Revenue for the second quarter stood at $817 million, reflecting a slight year-over-year decrease of 0.7%. Shipments per workday declined by 2.8% year-over-year, while tonnage per workday rose by 1.1%. Revenue per shipment, excluding fuel surcharge, increased by 2.7% compared to the previous year, while the inclusion of fuel surcharge reflected a 1.8% rise. The contractual renewals averaged 5.1%, and the cargo claims ratio was stable at 0.5%. The company has also made significant strides in optimizing its network, leading to a 4% sequential decrease in cost per shipment from the first quarter. Additionally, headcount was reduced by about 4.2% from March to June. Saia remains focused on managing controllable costs and executing its long-term strategy amid a challenging macroeconomic environment.

Operating Ratio Improvement

The second quarter operating ratio was 87.8%, a 330 basis point improvement from the first quarter of this year, despite a lack of typical volume ramp.

Revenue Per Shipment Increase

Revenue per shipment, excluding fuel surcharge, increased by 2.7% year-over-year, while revenue per shipment, including fuel surcharge, increased by 1.8%.

Contractual Renewals Reflect Customer Confidence

Contractual renewals averaged 5.1% in the quarter, indicating customer satisfaction with the high-quality service provided.

Cost Per Shipment Reduction

A 4% sequential decrease in cost per shipment was achieved compared to the first quarter, due to optimization efforts.

Expansion Success in New Markets

Terminals opened less than 3 years ago saw about a 4% sequential improvement in shipments per workday in Q2 2025 compared to Q1.

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)	2.48 / -	3.46	―	―	―
Jul 25, 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 25, 2025	$311.79	$333.61	+7.00%
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 2.48.

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