Saia Stock Plunges 14.69% on Q1 Earnings Miss

On April 25, 2025, Saia's stock experienced a significant drop of 14.69% in pre-market trading, reflecting a challenging quarter for the transportation provider.

Saia's first quarter 2025 financial results revealed a 40.5% decrease in operating income, primarily due to lower-than-expected revenues and adverse weather events. The company's operating ratio worsened to 91.1% from 84.4% in the previous year, indicating higher operating costs relative to revenue. Despite these challenges, Saia saw a 4.6% increase in LTL shipments per workday and a 12.7% increase in LTL tonnage per workday, driven by terminals opened in the past three years.

CEO Fritz Holzgrefe attributed the revenue shortfall to an uncertain macroeconomic environment and unusually harsh winter weather, which disrupted operations in key regions. He emphasized that the company's nationwide terminal network enabled it to serve customers in ways that were previously not possible. Holzgrefe also noted that the company's financial performance over the last several years has positioned it to withstand market uncertainty.

Looking ahead, Saia remains focused on serving and supporting its customers, despite the challenging quarter. The company anticipates net capital expenditures of approximately $650 million for 2025, subject to ongoing evaluation of market conditions. Saia's nationwide footprint positions it to provide consistent, direct service to its customers, and the company is confident that its service offering will continue to be valued in both new and existing markets.