Saia Q1 revenue rises 14.3% to $754.8 million; diluted EPS $3.38 vs $2.85
Saia reported first quarter 2024 results with revenue up 14.3% to $754.8 million, operating income up 18.9% to $117.9 million, and diluted earnings per share of $3.38 versus $2.85 a year earlier. Management said winter weather hurt volumes and late-quarter shipments were below its expectations, and it expects net capital expenditures of about $1 billion in 2024, which shareholders should weigh against the company's rising debt and lower cash balance.
Key points
- Revenue was $754.8 million, up 14.3%; operating income was $117.9 million, up 18.9%
- Operating ratio improved to 84.4% from 85.0%; LTL shipments per workday rose 15.7%
- Net capital expenditures were $456.8 million in the first quarter, and 2024 net capital expenditures are expected to be about $1 billion
- Cash on hand was $12.3 million and total debt was $84.1 million at March 31, 2024, versus $166.4 million and $26.5 million a year earlier
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 26, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.