Earnings ·
Reports Q3 revenue of $982.5M, up 17%, and authorizes $250M share repurchase program
SAIASaia Inc
Saia reported third-quarter revenue of $982.5 million, a 17% increase from the prior year, driven by an 8.9% rise in tonnage and a 5.8% increase in revenue per shipment excluding fuel surcharge. Diluted earnings per share reached $3.41, up 21.4% compared to adjusted EPS of $2.81 in Q3 2025. The company maintained an operating ratio of 87.6%, consistent with the prior year's adjusted result, while generating over $240 million in free cash flow year-to-date and holding $203 million in cash. Management announced a new authorization to repurchase up to $250 million of common stock and appointed Todd Fowler as an independent director. Saia operates as a less-than-truckload (LTL) carrier providing regional and national freight transportation services.