Werner Q3 revenue down 9%, EPS down 72% amid challenging freight market

WERNER ENTERPRISES INC

2024-Q3 EPS reported $0.36 revenue$2,275,579,000

Total revenues $745.7M, down 9% YoY; diluted EPS $0.11, down 72%.
Operating income $17.6M, down 54%; operating margin 2.4%, down 220 bps.
Non-GAAP adjusted diluted EPS $0.15, down 64% from $0.42.
Truckload segment revenues $522.8M (-9%); Logistics revenues $206.8M (-10%).
CEO notes sequential improvements: one-way truckload revenue per mile up YoY; production up for 6th quarter.

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