---
schema_version: "secwatch.filing_event.v1"
accession: "0000793074-23-000041"
form_type: "8-K"
ticker: "WERN"
cik: "0000793074"
company_name: "WERNER ENTERPRISES INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:17:56.920204+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000793074-23-000041
- form_type: 8-K
- ticker: WERN
- cik: 0000793074
- company_name: WERNER ENTERPRISES INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793074/000079307423000041/0000793074-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793074/000079307423000041/wern-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000793074-23-000041
- JSON: https://secwatch.observer/filing/0000793074-23-000041.json
- Plain text: https://secwatch.observer/filing/0000793074-23-000041.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/793074/000079307423000041/0000793074-23-000041-index.htm

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