Quarterly ResultMay 6, 2026, 05:27 PM
Saia Q1 Revenue $806.2M, EPS $1.86; Guides Strong Q2 OR Improvement
AI Summary
Saia reported record first-quarter revenue of $806.2 million, a 2.4% increase year-over-year, with diluted EPS remaining flat at $1.86. The operating ratio slightly increased to 91.7% due to higher health insurance and fuel costs, despite operational efficiencies and headcount reductions. The company noted strong volume acceleration in late March and April, and anticipates a significant 400-450 basis point improvement in its operating ratio for Q2, driven by seasonal demand and network leverage. Management expressed optimism about long-term value creation from its national network investments.
Key Highlights
- Q1 Revenue reached a record $806.2 million, a 2.4% increase year-over-year.
- Diluted earnings per share (EPS) for Q1 was $1.86, flat compared to prior year.
- Operating ratio increased to 91.7% in Q1 2026 from 91.1% in Q1 2025.
- Company anticipates Q2 operating ratio to improve by 400-450 basis points sequentially.
- April shipments are tracking up 5.5% and tonnage up 6.5% year-to-date.
- Cargo claims ratio was 0.5%, marking the sixth consecutive quarter below 0.6%.
- Salaries, wages, and benefits increased 1.0% due to a $7.9 million rise in health insurance costs.
- Fuel expense rose 3.6% YoY, with a rapid March increase causing a $3.5 million margin headwind.
Price Impact
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