{"schema_version":"secwatch.filing_event.v1","accession":"0000793074-23-000005","form_type":"8-K","ticker":"WERN","cik":"0000793074","company_name":"WERNER ENTERPRISES INC","filed_at":"2023-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.102290+00:00","generated_at":"2026-06-19T23:26:54.777055+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Werner Q4 revenue rises 13% to $861.5M but operating income down 10%, EPS $0.94 vs $1.15","bullets":["Total revenues $861.5M (+13% YoY); operating income $88.4M (-10%); operating margin 10.3% vs 12.9%.","Diluted EPS $0.94 (-18%); non-GAAP adjusted diluted EPS $0.99 (-13%).","TTS revenues $634.8M (+13%); Logistics revenues $213.5M (+15%) but segment operating income declined.","Full-year 2022 total revenues $3.29B (+20%); diluted EPS $3.74 (-2%); adjusted diluted EPS $3.70 (+7%).","Interest expense $5.8M (+$4.2M); effective tax rate 24.7% vs 23.0% in prior year quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000793074-23-000005","json":"https://secwatch.observer/filing/0000793074-23-000005.json","markdown":"https://secwatch.observer/filing/0000793074-23-000005.md","text":"https://secwatch.observer/filing/0000793074-23-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793074/000079307423000005/0000793074-23-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793074/000079307423000005/wern-20230207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:26:54.777055+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"36419555497a672b415bf2823bd9ec3cd5d5132f","claim":"WERNER ENTERPRISES INC reported the year ended December 31, 2022 results: revenue $ 3,289,978, net income 241,256, EPS 3.74.","evidence_excerpt":"Key Consolidated Financial Metrics Three Months Ended December 31, Year Ended December 31, (In thousands, except per share amounts) 2022 2021 Y/Y Change 2022 2021 Y/Y Change Total revenues $ 861,491 $ 765,221 13 % $ 3,289,978 $ 2,734,372 20 % Truckload Transportation Services revenues 634,787 563,227 13 % 2,428,686 2,045,073 19 % Werner Logistics revenues 213,485 184,967 15 % 793,492 622,461 27 % Operating income 88,381 98,488 (10) % 323,076 309,146 5 % Operating margin 10.3 % 12.9 % (260) bps 9.8 % 11.3 % (150) bps Net income attributable to Werner 60,166 76,767 (22) % 241,256 259,052 (7) % Diluted earnings per share 0.94 1.15 (18) % 3.74 3.82 (2) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/793074/000079307423000005/0000793074-23-000005-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$ 3,289,978"},{"label":"Net income","value":"241,256"},{"label":"EPS","value":"3.74"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e2dd5110035a4b49018c3bd2e97e6d76b4898d1c","claim":"WERNER ENTERPRISES INC reported the fourth quarter ended December 31, 2022 results: revenue $861.5 million, net income $60.2 million, EPS $0.94.","evidence_excerpt":"Total revenues for the quarter were $861.5 million, an increase of $96.3 million compared to the prior year quarter, due to Truckload Transportation Services (“TTS”) revenues growth of $71.6 million and Logistics revenues growth of $28.5 million. Operating income of $88.4 million decreased $10.1 million, or 10%, while operating margin of 10.3% decreased 260 basis points. On a non-GAAP basis, adjusted operating income of $89.9 million decreased $11.2 million, or 11%. Adjusted operating margin of 10.4% declined 280 basis points from 13.2% for the same quarter last year. Truckload Transportation Services operating income decreased by $7.9 million and adjusted operating income decreased by $6.9 million. Logistics operating income declined $1.9 million and adjusted operating income declined by $3.9 million. Corporate and Other (including driving schools) operating income decreased by $0.4 million. Werner Enterprises, Inc. - Release of February 7, 2023 Page 2 Interest expense of $5.8 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/793074/000079307423000005/0000793074-23-000005-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$861.5 million"},{"label":"Net income","value":"$60.2 million"},{"label":"EPS","value":"$0.94"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}