Saia Q2 revenue slightly beats on LTL shipments growth

Overview

• U.S. LTL carrier's Q2 revenue rose 17%, slightly beating analyst expectations

• Diluted EPS for Q2 rose to $3.51 from $2.67 a year earlier

• Company cites network expansion, pricing optimization, and volume growth as key drivers

Outlook

• Saia expects 2026 net capital expenditures of $350 mln to $400 mln, subject to market conditions

Result Drivers

• VOLUME GROWTH - LTL shipments per workday rose 4.4% and LTL tonnage per workday increased 8.4%, contributing to record revenue and tonnage, per company

• NETWORK EXPANSION - Expanded network enabled more customer solutions and supported revenue growth, according to CFO Matt Batteh

• PRICING AND MIX OPTIMIZATION - Continued focus on pricing and mix optimization supported results, per CFO Matt Batteh

Company press release: ID:nGNX8yf8Vm

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the ground freight logistics peer group is "buy"

• Wall Street's median 12-month price target for Saia Inc is $475.00, about 20.4% above its July 29 closing price of $394.44

• The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 31 three months ago

Reuters Recommended Reads

• July 30 - XPO beats Q2 estimates, driven by LTL segment growth

• July 29 - Old Dominion Q2 revenue rises 10%, beats estimates

• July 29 - ArcBest Q2 revenue rises 16% on higher weight per shipment

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)