Saia, Inc. reports 0.7% revenue decrease in Q2 2025

By Tamara Parker • Friday, July 25 15:29 • Permanent Link

Saia, Inc. (NASDAQ: SAIA) has released its financial results for the second quarter of 2025, reporting a decrease in revenue to $817.1 million, down 0.7% from the same period in 2024. Operating income also experienced a significant decline, dropping 27.8% to $99.4 million, and the operating ratio increased to 87.8% from 83.3%.

In terms of the less-than-truckload (LTL) segment, there were mixed changes in key metrics. LTL shipments per workday decreased by 2.8%, while LTL tonnage per workday increased by 1.1%. Additionally, LTL revenue per hundredweight, excluding fuel surcharge revenue, decreased by 1.2%, but LTL revenue per shipment, excluding fuel surcharge revenue, increased by 2.7%.

The company's diluted earnings per share for the quarter were reported at $2.67, a decrease from $3.83 in the second quarter of 2024. Saia President and CEO, Fritz Holzgrefe, expressed satisfaction with the team's ability to focus on controllable factors in the second quarter, emphasizing customer care, mix management, and cost management to adapt to current volume trends.

Moreover, the company's financial position and capital expenditures showed noteworthy changes. Saia ended the second quarter of 2025 with $18.8 million in cash on hand and total debt of $309.1 million, compared to $11.2 million in cash and total debt of $176.7 million in the same period in 2024. Net capital expenditures for the first six months of 2025 were $375.6 million, a decrease from $681.3 million in the first six months of 2024. The company anticipates net capital expenditures to be approximately $600 million to $650 million for 2025.

Saia's management will hold a conference call today at 10:00 a.m. Eastern Time to discuss the quarterly results, and a replay of the call will be available until August 25, 2025. Saia, Inc. offers customers a wide range of less-than-truckload, non-asset truckload, expedited, and logistics services, operating 213 terminals with national service. Today the company's shares have moved 5.75% to a price of $329.71. For the full picture, make sure to review 's 8-K report.

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