Werner Q3 EPS $0.37 (-57% YoY); operating margin 4.6%, down 460 bps

WERNER ENTERPRISES INC

2023-Q3 EPS reported $1.39 revenue$2,461,554,000

Total revenues $817.7M (-1% YoY); operating income $37.9M (-50%); adjusted operating income $41.9M (-47%).
TTS segment revenues $572.2M (-8%); Logistics revenues $230.3M (+23%) including ReedTMS acquisition.
Diluted EPS $0.37 (-57%); adjusted diluted EPS $0.42 (-53%). Net income $23.7M (-57%).
Net interest expense $6.9M, up $4.5M on higher rates and debt; effective tax rate 23.0%.
CEO cites continued challenging freight market; expects recovery as market strengthens.

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 0.95

WERNER ENTERPRISES INC reported third quarter ended September 30, 2023 results: revenue $817.7 million, net income $23.7 million, EPS $0.37.

Period: third quarter ended September 30, 2023
Revenue: $817.7 million
Net income: $23.7 million
EPS: $0.37
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- Werner Enterprises Reports Third Quarter 2023 Results Third Quarter 2023 Highlights (all metrics compared to third quarter 2022) • Total revenues of $817.7 million, down 1% • Operating income of $37.9 million, down 50%; non-GAAP adjusted operating income of $41.9 million, down 47% • Operating margin of 4.6%, down 460 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 0000793074-23-000052

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.