---
schema_version: "secwatch.filing_event.v1"
accession: "0000793074-23-000052"
form_type: "8-K"
ticker: "WERN"
cik: "0000793074"
company_name: "WERNER ENTERPRISES INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:35:06.512702+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000793074-23-000052
- form_type: 8-K
- ticker: WERN
- cik: 0000793074
- company_name: WERNER ENTERPRISES INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793074/000079307423000052/0000793074-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793074/000079307423000052/wern-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000793074-23-000052
- JSON: https://secwatch.observer/filing/0000793074-23-000052.json
- Plain text: https://secwatch.observer/filing/0000793074-23-000052.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/793074/000079307423000052/0000793074-23-000052-index.htm

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