secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000793074-22-000039
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307422000039/0000793074-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307422000039/wern-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000793074-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer