Saia Q1 revenue rises 4.3% to $787.6 million, but operating income falls 40.5%
Saia reported first quarter 2025 results on April 25, 2025, with revenue up 4.3% to $787.6 million on higher shipment and tonnage volumes. Operating income fell 40.5% to $70.2 million, and diluted earnings per share dropped to $1.86 from $3.38, as the company cited weaker-than-expected revenue, severe winter weather, and higher labor and depreciation costs tied to its network expansion. Shareholders face lower profitability in the quarter, and the company expects 2025 net capital expenditures of approximately $650 million.
Key points
- Revenue was $787.6 million, up 4.3% from the first quarter of 2024
- Operating income was $70.2 million, down 40.5%; operating ratio rose to 91.1% from 84.4%
- Diluted earnings per share were $1.86, compared with $3.38 a year earlier
- Net capital expenditures were $202.1 million in the first quarter, with about $650 million expected for 2025
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 25, 2025.
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.