secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000793074-23-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307423000024/0000793074-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307423000024/wern-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000793074-23-000024

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