Saia Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue reached a record $982.5 million, increasing 17.0% year over year
- ➤Q3 diluted EPS rose to $3.41 from $3.22
- ➤Operating ratio worsened to 87.6% from 85.9%
- ➤Board authorized repurchases of up to $250 million in common stock
- ➤2026 net capital expenditures expected at approximately $350 million
Expert Statements
Fritz Holzgrefe, President and CEO of Saia
“Our team delivered solid third quarter performance, which included record revenue and tonnage per workday.”
Fritz Holzgrefe, President and CEO of Saia
“Revenue per shipment, excluding fuel surcharge, increased 5.8% compared with the third quarter of last year, reflecting continued progress in pricing and mix optimization.”
Fritz Holzgrefe, President and CEO of Saia
“We continue to execute our long-term strategy to build a leading national LTL carrier.”
Fritz Holzgrefe, President and CEO of Saia
“Investments in our network, people, equipment and technology are strengthening our customer value proposition and further positioning Saia to deliver sustained, profitable growth and long-term value for stockholders.”
Matt Batteh, Executive Vice President and CFO of Saia
“Our consistent execution and continued investment in the business are translating into measurable results, including market share gains, improved service and strong free cash flow generation.”
Matt Batteh, Executive Vice President and CFO of Saia
“Year to date, we have generated more than $240 million in free cash flow(1), providing the financial flexibility to support profitable growth while positioning us to return capital to stockholders.”
Matt Batteh, Executive Vice President and CFO of Saia
“The strength of our business further supports our disciplined capital allocation strategy, including our Board authorization to repurchase up to $250 million of Saia common stock.”
JOHNS CREEK, Ga., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA) today reported third quarter 2026 financial results. Diluted earnings per share for the quarter were $3.41 compared to $3.22 in the third quarter of 2025. Excluding a 2025 net gain on real estate recorded in the third quarter of 2025, adjusted diluted earnings per share(1) were $2.81 in the third quarter of 2025. Saia also announced that its Board of Directors has authorized the repurchase of up to $250 million of Saia’s common stock.
Third Quarter 2026 Compared to Third Quarter 2025 Results * Revenue was a company record of $982.5 million, an increase of 17.0% * LTL tonnage per workday was a record, and an increase of 8.9% * LTL revenue per shipment, excluding fuel surcharge revenue, increased 5.8% * LTL shipments per workday increased 0.8% * Operating income was $122.3 million, an increase of 3.1% compared to $118.6 million in the third quarter of 2025 and an increase of 17.5% compared to adjusted operating income(1) of $104.1 million in the prior-year period * Operating ratio of 87.6% compared to 85.9% in the third quarter of 2025, or 87.6% on an adjusted basis(1 )in the prior-year period Saia President and CEO, Fritz Holzgrefe, said, “Our team delivered solid third quarter performance, which included record revenue and tonnage per workday. Revenue per shipment, excluding fuel surcharge, increased 5.8% compared with the third quarter of last year, reflecting continued progress in pricing and mix optimization. We continue to execute our long-term strategy to build a leading national LTL carrier. Investments in our network, people, equipment and technology are strengthening our customer value proposition and further positioning Saia to deliver sustained, profitable growth and long-term value for stockholders.”
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