secwatch.observer — SEC 8-K summary
======================================

Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000793074-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Werner Q1 revenue down 8%, EPS drops 82% to $0.10; adjusted EPS $0.14 down 77%
------------------------------------------------------------------------------

- Total revenues $769.1M, down 8% YoY; TTS revenues $551.1M (-6%), Logistics $202.5M (-11%).
- Operating income $15.6M (-71%); operating margin 2.0% vs 6.4% prior year; adjusted operating margin 2.4%.
- Diluted EPS $0.10 vs $0.55 prior year; adjusted diluted EPS $0.14 vs $0.60.
- CEO cites persistent excess capacity, pricing pressure, adverse weather as headwinds.
- Net income $6.3M (-82%); company reduced debt and repurchased shares during quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307424000034/0000793074-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307424000034/wern-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000793074-24-000034

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