8-K
filed February 6, 2024, 6:59 PM ET
ticker WERN
CIK 0000793074
earnings
confidence high
sentiment negative
materiality 0.70
Werner Q4 2023: revenue down 5%, EPS $0.37 (-61% YoY), operating margin 4.6%
WERNER ENTERPRISES INC
2023-FY EPS reported
$1.76
revenue$3,283,499,000
- Total revenues $821.9M (-5% YoY); TTS revenues down 9% to $580.1M; Logistics up 6% to $227.0M.
- Operating income $37.9M (-57%); adjusted operating income $39.2M (-56%); operating margin 4.6% (down 570 bps).
- Diluted EPS $0.37 (-61%); adjusted diluted EPS $0.39 (-61%); net income $23.6M (-61%).
- Full year 2023: total revenues $3.28B flat; operating income $176.4M (-45%); diluted EPS $1.76 (-53%).
- CEO cites ongoing pricing pressure; Dedicated segment grew rev per truck for 9th year; $40M+ structural cost savings realized.
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 year ended December 31, 2023 results: revenue $3.28 billion, net income $112.4 million, EPS $1.76.
- Period
- year ended December 31, 2023
- Revenue
- $3.28 billion
- Net income
- $112.4 million
- EPS
- $1.76
- Result
- reported results
Exact text from the filing
2023 Highlights (all metrics compared to 2022) • Total revenues of $3.28 billion, relatively flat • Operating income of $176.4 million, down 45%; non-GAAP adjusted operating income of $189.7 million, down 43% • Operating margin of 5.4%, down 440 basis points; non-GAAP adjusted operating margin of 5.8%, down 430 basis points • Diluted EPS of $1.76, down 53%; non-GAAP adjusted diluted EPS of $1.93, down 48%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
WERNER ENTERPRISES INC reported fourth quarter ended December 31, 2023 results: revenue $821.9 million, net income $23.6 million, EPS $0.37.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $821.9 million
- Net income
- $23.6 million
- EPS
- $0.37
- Result
- reported results
Exact text from the filing
Werner Enterprises Reports Fourth Quarter and Annual 2023 Results Fourth Quarter 2023 Highlights (all metrics compared to fourth quarter 2022) • Total revenues of $821.9 million, down 5% • Operating income of $37.9 million, down 57%; non-GAAP adjusted operating income of $39.2 million, down 56% • Operating margin of 4.6%, down 570 basis points; non-GAAP adjusted operating margin of 4.8%, down 560 basis points • Diluted EPS of $0.37, down 61%; non-GAAP adjusted diluted EPS of $0.39, down 61%
View on SEC.gov
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