---
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"
generated_at: "2026-06-19T23:26:54.777055+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Werner Q4 revenue rises 13% to $861.5M but operating income down 10%, EPS $0.94 vs $1.15

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000793074-23-000005
- JSON: https://secwatch.observer/filing/0000793074-23-000005.json
- Plain text: https://secwatch.observer/filing/0000793074-23-000005.txt

## Key facts
- Earnings Releases
  WERNER ENTERPRISES INC reported the year ended December 31, 2022 results: revenue $ 3,289,978, net income 241,256, EPS 3.74.
  - Period: the year ended December 31, 2022
  - Revenue: $ 3,289,978
  - Net income: 241,256
  - EPS: 3.74
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/793074/000079307423000005/0000793074-23-000005-index.htm
- Earnings Releases
  WERNER ENTERPRISES INC reported the fourth quarter ended December 31, 2022 results: revenue $861.5 million, net income $60.2 million, EPS $0.94.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $861.5 million
  - Net income: $60.2 million
  - EPS: $0.94
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/793074/000079307423000005/0000793074-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.