Werner Q2 revenue rises 24% to $933.9M; adjusted EPS up 178% to $0.22

WERNER ENTERPRISES INC

Total revenues $933.9M, up 24% YoY; TTS revenues up 36% to $702.6M.
GAAP diluted EPS $0.11, down 85%; non-GAAP adjusted diluted EPS $0.22, up 178%.
Operating income $16.9M, down 74% due to non-recurrence of $53.6M favorable liability reversals.
Non-GAAP adjusted operating income $27.6M, up 67%; adjusted operating margin 3.0%, up 80 bps.
Werner Logistics operating loss $3.9M vs income $4.3M in prior year.

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