---
schema_version: "secwatch.filing_event.v1"
accession: "0000793074-24-000007"
form_type: "8-K"
ticker: "WERN"
cik: "0000793074"
company_name: "WERNER ENTERPRISES INC"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:45:15.593937+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Werner Q4 2023: revenue down 5%, EPS $0.37 (-61% YoY), operating margin 4.6%

## Summary
- 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.

## SEC filing metadata
- accession: 0000793074-24-000007
- form_type: 8-K
- ticker: WERN
- cik: 0000793074
- company_name: WERNER ENTERPRISES INC
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793074/000079307424000007/0000793074-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793074/000079307424000007/wern-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000793074-24-000007
- JSON: https://secwatch.observer/filing/0000793074-24-000007.json
- Plain text: https://secwatch.observer/filing/0000793074-24-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/793074/000079307424000007/0000793074-24-000007-index.htm
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/793074/000079307424000007/0000793074-24-000007-index.htm

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