secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000793074-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307423000041/0000793074-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307423000041/wern-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000793074-23-000041

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