secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000793074-23-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307423000052/0000793074-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307423000052/wern-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000793074-23-000052

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