Werner Q1 2023: Revenue up 9% to $833M; EPS falls 32% to $0.55

WERNER ENTERPRISES INC

2023-Q1 EPS reported $0.55 revenue$832,714,000

Total revenues $832.7M (+9% YoY); operating income $53.4M (-36%), operating margin 6.4%.
Diluted EPS $0.55 (-32%); adjusted diluted EPS $0.60 (-37%).
TTS revenues up 5% to $588M; Logistics up 21% to $229M; both segments saw operating income declines.
Net interest expense increased $5.2M to $6.4M due to higher rates and debt.
CEO cites inflation and soft freight market as headwinds; maintains confidence in diversified model.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WERNER ENTERPRISES INC reported first quarter ended March 31, 2023 results: revenue $832.7 million, net income $35.2 million, EPS $0.55.

Period: first quarter ended March 31, 2023
Revenue: $832.7 million
Net income: $35.2 million
EPS: $0.55
Result: reported results

Exact text from the filing

Werner Enterprises Reports First Quarter 2023 Results First Quarter 2023 Highlights (all metrics compared to first quarter 2022) • Total revenues of $832.7 million, up 9% • Operating income of $53.4 million, down 36%; non-GAAP adjusted operating income of $57.5 million, down 33% • Operating margin of 6.4%, down 450 basis points; non-GAAP adjusted operating margin of 6.9%, down 440 basis points • Diluted EPS of $0.55, down 32%; non-GAAP adjusted diluted EPS of $0.60, down 37% OMAHA, Neb., May 3, 2023 -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the first quarter ended March 31, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

WERNER ENTERPRISES INC filing history →

Source: SEC EDGAR

accession 0000793074-23-000024

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.