Werner Enterprises Q2 revenue down 3%, diluted EPS $0.47 (down 58% YoY)

WERNER ENTERPRISES INC

2023-Q2 EPS reported $1.02 revenue$1,643,810,000

Total revenues $811.1M (-3% YoY); TTS revenues $570.2M (-7%), Logistics revenues $224.5M (+10%).
Operating income $47.2M (-37%); operating margin 5.8% (down 320 bps). Non-GAAP adj. op. income $51.1M.
Diluted EPS $0.47 (-58%); adjusted diluted EPS $0.52 (-40%). Net income $29.9M (-59%).
Strategic investments recorded net loss of $0.8M vs gain of $24.1M in Q2 2022.
CEO cites continued softness in freight market; cost savings program progressing.

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 0.9

WERNER ENTERPRISES INC reported second quarter ended June 30, 2023 results: revenue $811.1 million, net income $29.9 million, EPS $0.47.

Period: second quarter ended June 30, 2023
Revenue: $811.1 million
Net income: $29.9 million
EPS: $0.47
Result: reported results

Exact text from the filing

EX-99.1 (EX-99.1) --- Werner Enterprises Reports Second Quarter 2023 Results Second Quarter 2023 Highlights (all metrics compared to second quarter 2022) • Total revenues of $811.1 million, down 3% • Operating income of $47.2 million, down 37%; non-GAAP adjusted operating income of $51.1 million, down 34% • Operating margin of 5.8%, down 320 basis points; non-GAAP

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 0000793074-23-000041

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.