Q1 2025 Saia Inc Earnings Call Transcript
Key Points
- Saia Inc (SAIA) achieved first quarter records in revenue, tonnage, and shipments despite having one less workday compared to the previous year.
- Revenue increased by 4.3% year-over-year to $787.6 million, marking a record for any first quarter in the company's history.
- Contractual renewals averaged 6.1% in the quarter, reflecting strong customer belief in Saia Inc (SAIA)'s high-quality service.
- The company saw significant growth in newer markets, with facilities opened since 2022 contributing to shipment growth.
- Saia Inc (SAIA) remains focused on long-term opportunities, enhancing service offerings, and expanding its national network to provide better customer solutions.
- The operating ratio deteriorated to 91.1% from 84.4% a year ago, impacted by weather disruptions and sub-seasonal trends.
- First quarter diluted earnings per share decreased to $1.86 from $3.38 in the same quarter last year.
- Legacy facilities experienced a decline in shipments, contributing to a challenging operating environment.
- The uncertain macroeconomic environment led to cautious customer behavior, impacting shipment volumes.
- Total operating expenses increased by 12.6%, driven by higher salaries, wages, benefits, and depreciation expenses.
Welcome to the Saia, Inc. first quarter 2025 earnings conference call. (Operator instructions) Please note this event is being recorded.
I would now like to turn the conference over to Matt Batteh, Executive Vice President and Chief Financial Officer. Please go ahead.
Thank you, Michael. Good morning, everyone. Welcome to Saia's first quarter 2025 conference call. With me for today's call is Saia's President and Chief Executive Officer, Fritz Holzgrefe. Before we begin, you should note that during this call, we may make some forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements and all other statements that might be made on this call that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. We refer you to our press release and our SEC filings for more information on the exact risk factors that could cause
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
