Saia Q1 EPS $1.86, Revenue Up 2% to $806M and OR 91.7%
SAIA•Saia reported Q1 EPS of $1.86, flat year-over-year, and revenue rose 2% to $806 million, driven by a 1% shipment increase and 4% yield improvement. The operating ratio worsened 60 basis points to 91.7% despite 2.5% dock productivity gains, while contractual renewals accelerated to 6.7% for the quarter.
1. Q1 Financial Results
Saia delivered first-quarter EPS of $1.86, matching last year, and posted revenue of $806 million, up 2% year-over-year. The company’s operating ratio deteriorated by 60 basis points to 91.7%, reflecting higher costs and sequential OR pressure.
2. Operational Performance
Shipment volume grew 1%, offsetting a 3% decline in weight per shipment, while yields increased 4% (2% ex fuel surcharges). Dock productivity improved 2.5% year-over-year, and the cargo claims ratio reached a record low of 0.5%, underlining service reliability.
3. Network Investments and Renewals
After $2 billion in network investments, management reported expanded national reach driving customer demand. Contractual renewals averaged 6.7% for Q1 and accelerated above 7% in March, illustrating pricing discipline and value capture from the enhanced footprint.
