secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000793074-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307424000007/0000793074-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307424000007/wern-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000793074-24-000007

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