UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-49983 Saia, Inc. (Exact name of registrant as specified in its charter) Delaware 48-1229851 (State of incorporation) (I.R.S. Employer 11465 Johns Creek Parkway ...

核心财务表现 - 第三季度调整后每股收益为2.81美元，超出市场一致预期0.25美元，但较去年同期下降0.65美元 [1] - 季度营收为8.4亿美元，同比小幅下滑，但比市场预期高出1100万美元 [2] - 调整后营业比率为87.6%，同比恶化250个基点，但环比改善20个基点，表现优于管理层指引和正常季节性 [7] 业务量趋势 - 第三季度总货运量同比下降1.5%，且月度趋势持续恶化，7月增长0.9%，8月下降2.2%，9月下降3.3% [2][3] - 10月份货运量同比下降4%，月初表现弱于往常 [3] - 日均货量同比下降2%，但环比第二季度增长3% [4] 终端网络扩张与效率 - 自2022年初以来新开的39个终端日均货量环比增长4.2%，原有终端日均货量环比增长3% [5] - 新终端在本季度实现营业比率环比改善100个基点，平均已低于95% [8] - 约70%的货量增长来自利润率更高的1天和2天运输线路，其中三分之二来自现有客户 [5] 定价与成本控制 - 不含燃油附加费的收益率与去年同期持平 [2] - 本季度合同费率平均上涨5.1%，并于10月1日实施新的5.9%一般费率上调 [6] - 调整后单票成本同比上升4.6%，而单票收入仅微增0.9%，形成370个基点的负向差距 [7]

核心财务业绩 - 截至2025年9月的季度，公司营收为8.3964亿美元，较去年同期下降0.3% [1] - 季度每股收益为2.81美元，低于去年同期的3.46美元 [1] - 营收超出市场共识预期833.38亿美元，实现0.75%的正向意外 [1] - 每股收益超出市场共识预期2.54美元，实现10.63%的正向意外 [1] 运营效率指标 - 运营比率为85.9%，优于四名分析师平均预估的88.7% [4] 货运业务量指标 - 零担货运量为1,581,000吨，与两名分析师平均预估的1,580,350吨基本持平 [4] - 零担货运量为2,333票，略高于两名分析师平均预估的2,320票 [4] - 每票零担货运重量为1,355磅，略低于分析师平均预估的1,363磅 [4] 货运定价与收入指标 - 零担每百磅收入为25.76美元，与两名分析师平均预估的25.75美元基本一致 [4] - 不含燃油附加费的零担每百磅收入为21.72美元，略低于分析师平均预估的21.86美元 [4] 近期股价表现 - 公司股价在过去一个月内回报率为-5.6%，同期标普500指数回报率为+3.6% [3] - 股票目前Zacks评级为3级，预示其近期表现可能与整体市场同步 [3]

Saia (NasdaqGS:SAIA) Q3 2025 Earnings Call October 30, 2025 10:00 AM ET Speaker0Good day and welcome to the Saia Inc. Third Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touchtone phone. To withdraw your question, please press star then ...

INVESTOR PRESENTATION T H I R D Q U A R T E R 2 0 2 5 F O R W A RD-LO O K I N G S TAT E M E N TS The Securities and Exchange Commission (the SEC) encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This presentation contains these types of statements, which are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticip ...

Saia (SAIA) came out with quarterly earnings of $2.81 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $3.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +10.63%. A quarter ago, it was expected that this trucking company would post earnings of $2.39 per share when it actually produced earnings of $2.67, delivering a surprise of +11.72%.Over the last four quarters, the company ...

Exhibit 99.1 Saia President and CEO, Fritz Holzgrefe, commented on the quarter stating, "I was pleased with our team's ability to focus on what was within our control throughout the quarter. We remain intently focused on the customer, while at the same time maintaining cost management and improving core execution." "We saw continued benefits from our ongoing investments in technology and network optimization efforts. These initiatives continued to drive improved efficiency across our national footprint, whi ...

JOHNS CREEK, Ga., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today announced that Rohit Lal, Executive Vice President and Chief Information Officer, will retire after eight years with the Company. Saia also announced that Tarak Patel has been named Executive Vice President and Chief Information Officer, effective immediately. “Rohit has been an integral part ...

交通运输行业分化 - 航空股表现强劲，推动First Trust纳斯达克运输ETF接近52周新高 [1] - 卡车运输公司则深陷熊市区域，表现疲弱 [2] - 市场对卡车运输股的抛售可能源于关税担忧或消费波动，为逆向投资提供了机会 [2] Saia公司投资要点 - 公司最新季度每股收益为2.67美元，超出市场预期的2.39美元 [6] - 分析师给出的12个月平均目标价为349.89美元，较当前股价296.80美元有17.89%的上涨潜力 [3] - 公司是专注于美国东部的区域性零担运输承运商，其枢纽辐射式终端网络可能在PMI复苏时表现突出 [5][6] - 当前股价交易于其52周高点620美元下方的48%水平 [8] JB Hunt运输服务公司投资要点 - 公司是多元化的物流和联运卡车服务提供商，其专用业务线通过多年现场车队合同提供稳定的收入流 [8] - 当前股价为其52周高点的67%，表现优于同行业其他公司 [8] - 机构投资者在2025年9月增持了3.7%，总持股达到6200万美元 [9] - 公司市盈率为24.4倍，高于交通运输行业13.8倍的平均水平 [9] RXO公司投资要点 - 公司12个月平均目标价为17.08美元，较当前股价16.64美元有2.62%的上涨潜力 [11] - 其优势在于数字经纪市场平台，能以最少的资本投资实现高杠杆效应 [11] - 机构投资者Orbis Allan Gray Ltd在2025年8月增持3.8%，现持有公司19%的股份，价值4.932亿美元 [12] - 公司最新季度每股收益为0.04美元，超出市场预期的0.02美元，超出幅度达100% [12] 宏观经济与行业催化剂 - 制造业PMI是影响卡车运输行业的关键宏观经济指标，近期表现疲弱 [3] - 美联储可能在2025年9月降息，为未来几个季度PMI的潜在反弹创造条件 [4] - PMI复苏至扩张区间时，通常会引发补库存浪潮，利好卡车运输业 [5]

市盈率分析的意义 - 市盈率被长期股东用于评估公司相对于整体市场数据、历史收益和整个行业的表现 [4] - 较低的市盈率可能意味着股东不预期股票未来表现更好，也可能表明公司被低估 [4] Saia公司与行业对比 - 与地面运输行业24.69的总体市盈率相比，Saia公司的市盈率更高，为27.14 [5] - 股东可能认为Saia公司的表现将优于其行业组别，但也可能意味着股票被高估 [5] 投资评估方法论 - 市盈率是投资者评估公司市场表现的有价值工具，但应谨慎使用 [7] - 低市盈率可能表明估值偏低，也可能暗示增长前景疲弱或财务不稳定 [7] - 市盈率仅是众多指标之一，应与其他财务比率、行业趋势和定性因素一起评估 [7]