Saia Q3 2026: Record Tonnage Drives Revenue Beat and $250M Buyback
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Nine-month free cash flow swung to $244.9 million from $11.6 million, and the board immediately authorized a $250 million buyback. Record LTL tonnage per workday carried revenue and earnings past expectations.
Continue ReadingShow less
Saia posted Q3 2026 revenue of $982.5 million, exceeding expectations, with adjusted diluted EPS of $3.41 also beating expectations on record LTL tonnage per workday.
Revenue per shipment excluding fuel surcharge climbed 5.8% year over year on what CEO Fritz Holzgrefe described as continued progress in pricing and mix optimization.
Nine-month free cash flow reached $244.9 million, against $11.6 million a year earlier, and the board immediately authorized a $250 million share repurchase program with no expiration date.
Sponsored
Saia has guided for full-year 2026 net capital expenditures of approximately $350 million as it continues building its national LTL network, and appointed Todd C. Fowler to the board for his transportation and supply-chain technology expertise.
The run of beats since Q2 2025 shows the volume ramp translating into earnings power, with the adjusted operating ratio holding flat year over year at 87.6%.
Mentioned: SAIA