(Operator Instructions) Please note, this event is being recorded. As a reminder, gains on sales of assets are reflected as a reduction of Other Operating Expenses in our income statement. Terms and Conditions, Werner Enterprises Reports Third Quarter 2019 Results, Governance Documents & Committee Composition. Total revenues for the quarter increased 1% to $627.5 million versus the prior year quarter, primarily attributable to dedicated fleet expansion, higher contractual rates, and lane mix changes. As previously noted, we are appealing a large adverse jury verdict rendered in May 2018. Werner Enterprises, Inc. will conduct a conference call to discuss first quarter 2019 earnings today beginning at 4:00 p.m. CT. “We are very pleased to report adjusted earnings per share growth of 3%, despite comparing to a very strong second quarter 2018 that produced 90% adjusted earnings growth due to unusually strong freight demand and pricing,” said Derek J. Leathers, President and Chief Executive Officer. On a non-GAAP basis, adjusted EPS of $0.63 increased 3% from $0.61 for second quarter 2018. To-date the plaintiffs have requested extensions for the months of June and July 2019. Key Werner Logistics Segment Financial Metrics. Werner Enterprises Revenue (Annual): 2.464B for Dec. 31, 2019. We calculate adjusted income tax expense (benefit) by applying the incremental income tax rate excluding discrete items to the net pre-tax adjustments and adding this additional income tax to actual income tax expense. As such, we accrued $0.8 million of insurance and claims expense, or $0.01 per share, during the second quarter of 2019 for post-judgment interest related to this jury verdict. The Company assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Diluted EPS in second quarter 2019 included a $0.01 per share insurance and claims accrual for interest on a previously disclosed May 2018 jury verdict that we are appealing. OMAHA, Neb., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, today reported financial results for third quarter ended September 30, 2019. Temperature-Controlled, 2019. As of June 30, 2019, we had 4.3 million shares remaining under our new share repurchase authorization approved by the Board of Directors in May 2019. Werner … The news release, live webcast of the earnings conference call, and accompanying slide presentation will be available at www.werner… The news release, live webcast of the earnings conference call, and accompanying slide presentation will be available at www.werner… Transportation and logistics provider Werner Enterprises’ (NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L “CL” Werner stepped down from the executive chair seat on May 31.Werner will remain as chairman through his current term, which expires in May 2021. Operating margin of 8.6% decreased 150 basis points due to a more challenging freight and rate market in one-way truckload and logistics. The average revenues per truck decrease was due primarily to a decrease in average miles per truck, partially offset by an increase in average revenues per total mile. Sign In. One-Way Truckload Final Mile Werner Enterprises, Inc. (Nasdaq: WERN) was founded in 1956 by Clarence (CL) Werner and is a transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. St. Paul, MN 55164-0854 “We are pleased to report another strong earnings quarter, the second highest third quarter earnings in our history. St. Paul, MN 55164-0854 On a non-GAAP basis, adjusted net income was $43.9 million  compared to $44.1 million for the same quarter last year. Truckload Logistics experienced double-digit volume growth; however, this was offset by rate pressure, led primarily by a nearly 20% transactional spot price decline and very few project freight opportunities in third quarter 2019. Werner Enterprises (WERN) Q2 2019 Earnings Call Transcript ... Now let's discuss the 2019 guidance. Resources This item is included in the Truckload Transportation Services segment in our Segment Information table. Werner Enterprises revenue from 2006 to 2020. Such forward-looking statements are based on information presently available to the Company’s management and are current only as of the date made. After submitting your request, you will receive an activation email to the requested email address. Global Services Management believes excluding the effect of this item provides a more useful comparison of our performance from period to period. Werner Enterprises is an American transportation and logistics company that offers services in freight management, truck brokerage, intermodal, and international services.. Werner Enterprises and its units employ more than 11,500 associates and independent contractors. The news release, live webcast of the earnings conference call, and accompanying slide presentation will be available at www.werner… Net income of $43.3 million increased 13%. Revenue; Transportation: Transportation - Truck: $3.133B: $2.372B: Werner Enterprises, Inc. is a premier transportation and logistics company. One-Way Truckload demand, while still lower than the same period a year ago, showed slight seasonal improvement sequentially in September 2019, which has continued into October 2019. The Company assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Temperature-Controlled For further information about Werner, visit the Company’s website at www.werner.com. “The strength of our diversified portfolio, our new truck and trailer fleet, increasingly experienced drivers and our committed Werner team led to our superior performance.”. 12,784 (2017) Website: www.werner.com: Werner's Global Headquarters, Omaha, Nebraska. Werner Enterprises, Inc. will conduct a conference call to discuss fourth quarter 2019 earnings today beginning at 4:00 p.m. CT. Revenue in the company’s trucking segment was down 7.3% year-over-year, with revenue per tractor per week declining 2.2% in the one-way segment and up 3.9% in dedicated. Werner Logistics Segment. Revenues in second quarter 2019 decreased year over year due to fewer project freight opportunities,  significantly lower year-over-year spot pricing trends and lower volumes in second quarter 2019. Additional information about the accident was included in our Current Report on Form 8-K dated May 17, 2018. On a non-GAAP basis, adjusted net income declined 14% to $39.6 million compared to $45.9 million for the same quarter last year. The logistics operating margin decreased 120 bps to 2.5%, although we began to gain efficiencies from our investments in decision-making technologies enabling us to lower our other operating expenses. For those reasons, undue reliance should not be placed on any forward-looking statement. Werner Enterprises Reports Fourth Quarter and Full Year 2019 Results 2/5/2020 Fourth Quarter 2019 Highlights (all metrics compared to fourth quarter 2018 unless otherwise noted) Total revenues of $621.8 million, down $24.6 million, or 4% Operating income of $65.7 million, down 12%; non-GAAP adjusted operating income of $63.4 million, down 14% Operating margin of 10.6%, down 100 basis … Box … Omaha, Neb.-based Werner Enterprises reported net income of $46.3 million in the third quarter, up from $39 million during the third quarter of 2019. We subtract (c) total other expense (income) from (b) adjusted operating income to arrive at (d) adjusted income before income taxes. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. During the quarter, we did not repurchase shares of common stock. We had $350 million of debt outstanding as of September 30, 2019, and after considering letters of credit issued, had available remaining borrowing capacity of over $190 million. (2) Inter-segment eliminations represent transactions between reporting segments that are eliminated in consolidation. Werner generated nearly $2.5 billion in revenue during 2019. Operating … Our operating margin decreased 20 bps to 4.0% as other operating expenses grew 2% compared to gross profit which was flat. You can sign up for additional alert options at any time. Werner's latest twelve months revenue is $2.374 billion... View Werner Enterprises, Inc.'s Revenue trends, charts, and more. Werner Enterprises, Inc.’s common stock trades on The NASDAQ Global Select MarketSM under the symbol “WERN”. Operating margin of 9.3% increased 110 basis points due to revenue increases that exceeded cost increases, which benefited from a newer fleet and low driver turnover, as well as the $11.3 million accrual of insurance and claims expense in second quarter 2018 related to a previously disclosed May 2018 jury verdict. Opportunities P.O. We subtract (c) total other expense (income) from (b) adjusted operating income to arrive at (d) adjusted income before income taxes. On a non-GAAP basis, adjusted operating income of $59.2 million increased $0.7 million, or 1%. If you experience any issues with this process, please contact us for further assistance. (3) Our definition of the non-GAAP measures adjusted operating income, adjusted net income and adjusted diluted earnings per share begins with (a) operating expenses, the most comparable GAAP measure. (John Sommers II for Transport Topics) … International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. The adjusted net income is divided by the diluted shares outstanding to calculate the adjusted diluted earnings per share. Under our insurance policies in effect on the date of this accident, our maximum liability for this accident is $10.0 million (plus pre-judgment and post-judgment interest) with premium-based insurance coverage that exceeds the jury verdict amount. Login, Drive Blue As a result of our continued investment, the average age of our truck fleet remains low by industry standards and decreased to 1.8 years as of June 30, 2019 compared to 1.9 years as of June 30, 2018. View Werner Enterprises stock / share price, financial statements, key ratios and more at Craft. * werner enterprises reports improved first quarter 2018 revenues and earnings Quote and financial data from Refinitiv. As a reminder, gains on sales of assets are reflected as a reduction of Other Operating Expenses in our income statement. OMAHA, Neb., June 27, 2019 (GLOBE NEWSWIRE) - Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, will release its second quarter 2019 earnings on Thursday, July 25, 2019, after the market close. Diluted EPS in third quarter 2018 included a $0.03 per share accrual of insurance and claims expense for interest and legal fees related to the same May 2018 jury verdict and a $0.05 per share reduction of taxes and licenses expense after reaching a favorable settlement of a property tax dispute, for property taxes that were previously expensed and paid over a multi-year period. Any such updates or revisions may be made by filing reports with the U.S. Securities and Exchange Commission, through the issuance of press releases or by other methods of public disclosure. Box 45308 Omaha, NE 68145 Phone: 800-228-2240 E-mail: invrelations@werner.com. Opportunities Revenue; Transportation: Transportation - Truck: $3.133B: $2.372B: Werner Enterprises, Inc. is a premier transportation and logistics company. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Year-to-date 2019 net capital expenditures are $271.7 million, and we expect fourth quarter 2019 net capital expenditures to be very low. For those reasons, undue reliance should not be placed on any forward-looking statement. Second Quarter 2019 Highlights Werner … A replay of the webcast will also be available at www.werner.com in the “Investors” section under “Webcasts & Presentations.”. Diluted earnings per share (EPS) for the quarter of $0.62 increased 17%. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. Werner Enterprises income after taxes from 2006 to 2020. The effective income tax rate during the quarter was 24.4% compared to a 24.7% effective income tax rate in third quarter 2018. Historical Revenue … Brokerage Standard Terms & Conditions In early July 2019, we fixed the interest rate for $150 million of our debt that was outstanding as of June 30, 2019 at an average interest rate of 2.34% through May 2024. Interest expense of $1.4 million was $0.9 million higher than the same quarter a year ago due primarily to additional borrowings to pay a $261.1 million special dividend in June 2019. Currently, the carrier’s one-way segment is seeing “relatively strong” demand that is higher than July 2019. Pricing in the market for our used trucks and trailers began to moderate in the latter part of second quarter 2019. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Werner Enterprises Inc (WERN) Q3 2020 Earnings Call Transcript Yahoo 10/29 01:00 ET Werner Enterprises Reports Q3 Profit of $0.67 a Share, Meeting Street Estimates, But Revenues Come in Light The gross margin percentage decreased 70 bps to 15.2% due primarily to a softer and more competitive Truckload Logistics freight market. The average revenues per truck decrease was due primarily to a decrease in average miles per truck, partially offset by a small increase in average revenues per total mile. (4) Our definition of the non-GAAP measures adjusted operating income, adjusted net income and adjusted diluted earnings per share begins with (a) operating expenses, the most comparable GAAP measure. Temperature-Controlled (2) Inter-segment eliminations represent transactions between reporting segments that are eliminated in consolidation. WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of. Additional information about the accident was included in our Current Report on Form 8-K dated May 17, 2018. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. We are changing revenue per total mile for the 42% of our trucks and our one-way … We calculate adjusted income tax expense by applying the incremental income tax rate excluding discrete items to the net pre-tax adjustments and adding this additional income tax to actual income tax expense. Blog, Freight Quote Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. The Company is appealing this verdict. Browse... View Full Chart Revenue (Annual) Chart . (1) Other includes our driver training schools, transportation-related activities such as third-party equipment maintenance and equipment leasing, and other business activities. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Werner Enterprises (NASDAQ:WERN) Q3 2019 Earnings Call Oct 24, 2019, 5:00 p.m. Careers, Dedicated Revenues of $110.2 million decreased $20.7 million, or 16%; Gross margin of 15.7% decreased 40 bps; Operating income … (1) During second quarter 2019, we accrued $767 of pre-tax insurance and claims expense for post-judgment interest and during second quarter 2018, we accrued $11,250 of pre-tax insurance and claims expense (including interest of $1,300) related to a previously disclosed excess adverse jury verdict rendered on May 17, 2018 in a lawsuit arising from a December 2014 accident. During the quarter, we repurchased 700,000 shares of common stock for a total cost of $21.8 million, or an average price of $31.08 per share. Average Werner Enterprises weekly pay … (1) See GAAP to non-GAAP reconciliation schedule. Our performance in third quarter 2019 in a relatively challenging freight market demonstrates the strength of our strategic operating model.”. Werner Enterprises to Announce Fourth Quarter and Full Year 2019 Earnings and Host Earnings Call on February 5 Download PDF format download (opens in new window) December 23, 2019 The Omaha, Nebraska-based company reported net income for the first nine months of 2019 … During the second quarter, freight demand in our One-Way Truckload fleet was seasonally below average and well below the unusually strong freight demand of second quarter 2018, which was aided by two December 2017 mandates. (1) See GAAP to non-GAAP reconciliation schedule. Actual results could also differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Source: MarketScreener Werner Enterprises: Werner Enterprises Earns 2019 Dedicated Carrier of the Year Award (marketscreener.com) OMAHA, Neb., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, was recently honored to receive the 2019 Dedicated Carrier of the Year Award at the Coca-Cola North America Carrier … Get the detailed quarterly/annual income statement for Werner Enterprises, Inc. (WERN). Learn more here. Gains on sales of equipment were $4.5 million, or $0.05 per share, compared to $5.1 million, or $0.05 per share in the prior-year quarter. Get the detailed quarterly/annual income statement for Werner Enterprises, Inc. (WERN). Adjusted TTS operating income declined 13% and adjusted TTS operating margin declined 140 bps to 10.3%. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The average Werner Enterprises salary ranges from approximately $32,307 per year for Customer Service Representative to $100,870 per year for Java Developer. Werner Enterprises market cap is $2.8 b, and annual revenue was $2.46 b in FY 2019. Adjusted operating margin of 9.4% declined 10 basis points from 9.5% for the same quarter last year. In May 2019, we entered into new five-year, unsecured revolving credit facilities with Wells Fargo Bank, N.A. You must click the activation link in order to complete your subscription. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Box 64854 and BMO Harris Bank, N.A., replacing the previous credit facilities with both lenders. US$ 143.82 million (2017) Net income. Identification No.) The Company is appealing this verdict. For the full year, Werner Enterprises reported net income of $169.1 million, $2.44, on revenue of $2.37 billion compared with net income of $166.9 million, $2.38, on revenue of $2.46 billion in 2019. We are so proud of these drivers and all of our drivers who safely # KeepAmericaMoving! US$ 202.9 million (2017) Total assets: US$ 1.81 billion (2017) Total equity: US$ 1.185 billion (2017) Number of employees. Apply Werner Enterprises revenue breakdown by business segment: 77.2% from Truckload Transportation Services, 19.7% from Werner Logistics and 3.1% from Other. Revenue from enterprise mobile subscriptions in Sweden 2006-2019 The most important statistics Average monthly private mobile subscription revenue in Sweden 2006-2019 Werner Enterprises, Inc. will conduct a conference call to discuss third quarter 2019 earnings today beginning at 4:00 p.m. CT. Credit Application Cross-Border The following table summarizes our updated 2019 guidance and assumptions: Werner Enterprises, Inc. will conduct a conference call to discuss third quarter 2019 earnings today beginning at 4:00 p.m. CT. Due to growth in company trucks and a decline in independent contractor trucks during the quarter, company truck miles increased by approximately 4.8 million miles and independent contractor miles decreased by approximately 0.2 million miles. Adjusted EPS increased $0.01 to … Press Release: Werner Enterprises : Werner Enterprises Named a 2019 Military Friendly® Brand OMAHA, Neb., Dec. 05, 2018 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics company, is honored to announce its designation as a 2019 Military Friendly® Brand by VIQTORY. The Nebraska-based transportation and logistics company, Werner Enterprises, reported 166.9 million U.S. dollars in net income in 2019, a decrease from 168 million U.S. dollars in the … Revenues increased 2% due to a 5.2% increase in average trucks in service, partially offset by a 1.0%  decrease in average revenues per truck and a $5.5 million decrease in fuel surcharge revenues. Key Truckload Transportation Services Segment Financial Metrics. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. Read full article » Box 45308 Net capital expenditures have returned to normalized levels in 2019 after achieving our desired fleet age. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Phone: 1-800-468-9716. Fluctuating fuel prices and fuel surcharge revenues impact the total company operating ratio and the TTS segment’s operating ratio when fuel surcharges are reported on a gross basis as revenues versus netting against fuel expenses. Werner Enterprises (NASDAQ:WERN) Q4 ... For 2019 in total, revenues increased by $6 million to nearly $2.5 billion. OMAHA, Neb., July 25, 2019 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, today reported financial results for second quarter ended June 30, 2019. Transportation Manager at Werner Enterprises Charlotte, North Carolina ... May 2019 - Aug 2019 4 months. Continuing our … Fluctuating fuel prices and fuel surcharge revenues impact the total company operating ratio and the TTS segment’s operating ratio when fuel surcharges are reported on a gross basis as revenues versus netting against fuel expenses. The effective income tax rate during the quarter was 25.2% compared to a 24.8% effective income tax rate in second quarter 2018. The company is engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. Contact:John J. SteeleExecutive Vice President, Treasurerand Chief Financial Officer(402) 894-3036. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Latest Werner Enterprises revenue per employee is $186.3 k. Who are Werner Enterprises competitors? Year over year, we sold 7% fewer trucks and 17% fewer trailers, and we realized higher average gains per truck and lower average gains per trailer. Based on Werner Enterprises management projections, analysts predict EPS of $0.78 on revenue of $615.62 million. Logistics For further information about Werner, visit the Company’s website at www.werner.com. A replay of the conference call will be available on October 24, 2019 at approximately 6:00 p.m. CT through November 24, 2019 by dialing (877) 344-7529 (domestic) or (855) 669-9658 (Canada) or (412) 317-0088 (international) and using the access code 10129127. Available Loads International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Eliminating fuel surcharge revenues, which are generally a more volatile source of revenue, provides a more consistent basis for comparing the results of operations from period to period. Due to growth in company trucks and a decline in independent contractor trucks during the quarter, company truck miles increased by approximately 4.6 million miles and independent contractor miles decreased by approximately 0.6 million miles. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Interest is accrued at $0.4 million per month until such time as the outcome of our appeal is finalized, excluding the months of June and July 2019 where the plaintiffs requested an extension of time to respond to our appeal. Competitors of Werner Enterprises include Hub Group, C.H. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Dedicated improved its operating income and operating margin percentage, while One-Way Truckload had a decline in operating income and operating margin percentage. In early July 2019, we fixed the interest rate for $150 million of our debt that was outstanding as of June 30, 2019 at an average interest rate of 2.34% through May 2024. Werner Enterprises (NASDAQ:WERN) Q2 2019 Earnings Call Jul 25, 2019, 5:00 p.m. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Good afternoon, and welcome to the Werner Enterprises first-quarter 2019 earnings conference call. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Cross-Border Werner Enterprises revenue breakdown … Site Map As a result of our continued investment, the average age of our truck fleet remains low by industry standards and was 1.8 years as of September 30, 2019 and September 30, 2018. Omaha, Nebraska ... and link backhaul lanes, which increased revenue by $1,000,000+ View 4,000+ financial data types. Pricing in the market for our used trucks and trailers began to moderate in the latter part of second quarter 2019 and continued in third quarter 2019. A replay of the webcast will also be available at www.werner.com in the “Investors” section under “Webcasts & Presentations.”.

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