Werner Q2 revenue up 29% to $836M; EPS $1.12; CFO Steele retires after 33 years

WERNER ENTERPRISES INC

2022-Q2 EPS reported $1.93 revenue$1,600,881,000

Total revenues $836.3M (+29% YoY); operating income $74.9M (-3%); diluted EPS $1.12 (+6%).
Insurance and claims expense $20.3M higher YoY, reducing EPS by $0.24; majority from two prior accident settlements.
TTS segment op income -12%; Logistics op income +218%, driven by revenue growth and expanded margin.
CFO John J. Steele retiring after 33 years (25 as CFO); will stay during transition; formal search underway.
Adjusted diluted EPS $0.87 (+1%); net income flat at $72.3M.

item 2.02 item 5.02 item 9.01

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Departed

John J. Steele

Executive Vice President, Treasurer and Chief Financial Officer

WERN · WERNER ENTERPRISES INC

Filed: August 3, 2022, 7:59 PM ET

John J. Steele, Executive Vice President, Treasurer and Chief Financial Officer, has decided to retire after 33 years at the Company

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John J. Steele retired as Executive Vice President, Treasurer and Chief Financial Officer at WERNER ENTERPRISES INC.

Action: retired
Role: Executive Vice President, Treasurer and Chief Financial Officer

Exact text from the filing

John J. Steele, Executive Vice President, Treasurer and Chief Financial Officer, has decided to retire after 33 years at the Company

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WERNER ENTERPRISES INC filing history →

Source: SEC EDGAR

accession 0000793074-22-000039

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