---
schema_version: "secwatch.filing_event.v1"
accession: "0000793074-23-000024"
form_type: "8-K"
ticker: "WERN"
cik: "0000793074"
company_name: "WERNER ENTERPRISES INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:59:15.408292+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000793074-23-000024
- form_type: 8-K
- ticker: WERN
- cik: 0000793074
- company_name: WERNER ENTERPRISES INC
- filed_at: 2023-05-03T23:59:59+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/793074/000079307423000024/0000793074-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793074/000079307423000024/wern-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000793074-23-000024
- JSON: https://secwatch.observer/filing/0000793074-23-000024.json
- Plain text: https://secwatch.observer/filing/0000793074-23-000024.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/793074/000079307423000024/0000793074-23-000024-index.htm

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