Werner Enterprises Q2 2023 Earnings Report

Werner Enterprises EPS Results

• Actual EPS: $0.52
• Consensus EPS: $0.63
• Beat/Miss: Missed by -$0.11
• One Year Ago EPS: $0.87

Werner Enterprises Revenue Results

• Actual Revenue: $811.10 million
• Expected Revenue: $819.28 million
• Beat/Miss: Missed by -$8.18 million
• YoY Revenue Growth: -3.00%

Werner Enterprises Announcement Details

• Quarter: Q2 2023
• Date: 8/3/2023
• Time: After Market Closes

Werner Enterprises (NASDAQ:WERN), together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics. The Truckload Transportation Services segment operates a fleet of medium-to-long-haul vans that transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; the expedited fleet, which offers time-sensitive truckload services using driver teams; a regional short-haul fleet that provides truckload van service in the United States; and temperature-controlled fleet, which offers truckload services for temperature-sensitive products using temperature-controlled trailers. This segment provides truckload services to retail distribution centers or manufacturing facilities using dry vans or trailers to transport retail store merchandise, consumer products, food and beverage products, and manufactured products. As of December 31, 2023, it had a fleet of 8,000 trucks, which included 7,740 company-operated, as well as 260 owned and operated by independent contractors; and 30,810 trailers that comprised dry vans, flatbeds, temperature-controlled, and other trailers. The Werner Logistics segment provides non-asset-based transportation and logistics services, including truck brokerage; logistics management services and solutions; rail transportation through alliances with rail and drayage providers; and residential and commercial deliveries of large or heavy items using liftgate straight trucks. As of December 31, 2023, this segment operated 35 drayage tractors and 115 delivery trucks. It also sells used trucks and trailers; and trades used trucks to original equipment manufacturers. The company was founded in 1956 and is headquartered in Omaha, Nebraska.