Saia Q1 Earnings Fall, Revenue Misses Estimates

Saia Inc., a less-than-truckload freight carrier, reported adjusted first-quarter earnings per share of $1.86, missing analyst expectations of $2.76–$2.77, as net income fell to $49.8 million from $90.7 million a year earlier. Revenue rose 4.3% year-over-year to $787.6 million, but still missed projections. The company's operating ratio worsened to 91.1% from 84.4%, and operating income dropped by over 40%, reflecting higher costs from network expansion and harsh winter weather disruptions. Shipment volumes grew, primarily due to new terminal openings, but heavier shipments and rising costs pressured yields and profits. Saia maintained its 2025 capital expenditure outlook, though management signaled ongoing caution amid an uncertain macroeconomic environment. Shares fell more than 15% in premarket trading following the report.