filecrux
Oct 29, 4:40 PM
$SAIA Does a
$250M buyback make up for Saia's operating ratio of 87.6%, worse than last year's GAAP 85.9% and flat only against the adjusted 87.6%, despite 17% revenue growth?
🏢 Saia, a Georgia less-than-truckload freight carrier with 219 terminals, posted record Q3 2026 revenue of
$982.5M, up 17.0%, and authorized a
$250M buyback, about 2.9% of its roughly
$8.66B market value at the
$324.62 close at 16:00 ET on October 28, 2026
⚠️ Diluted EPS rose 21% to
$3.41 from an adjusted
$2.81, but the operating ratio, costs as a share of revenue, was 87.6%, the same as Q3 2025's adjusted 87.6%
📈 Against the July 30 call's guide of about 100 basis points of worsening from Q2's 86.9%, the 87.6% ratio came in roughly 30 basis points better
📅 Next: Conference call today, Oct. 29, 2026, at 10:00 a.m. Eastern Time; watch Q4 margin commentary and how fast buybacks start
Source: GlobeNewswire release, Oct 29 + SEC 8-K, Aug 5
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