Saia Reports Record Q3 2026 Revenue and Tonnage Growth
Saia (SAIA) delivered a strong third quarter for 2026, reporting revenue of $982.5 million, a 17% increase year-over-year. This growth was primarily driven by record LTL tonnage per workday and successful pricing optimization strategies. Diluted earnings per share rose to $3.41, up from $2.81 in the prior-year period, while operating income grew by 17.5% to $122.3 million. The company's long-term network expansion strategy is showing results, with 45 terminals added since 2022 increasing door count by 32%. Despite some headwinds such as increased wage costs and a slight decline in yield due to heavier shipment weights, Saia maintained a stable operating ratio of 87.6%. Looking ahead, the company has authorized $250 million for stock repurchases and expects October tonnage to continue growing at 10% year-over-year.
Topics: EPS Increase Free Cash Flow LTL Tonnage Operating Income Revenue Growth