Werner Enterprises experienced a challenging fourth quarter in 2025, with total revenues decreasing by 2% to $737.6 million and an operating loss of $35.8 million, a significant decline from the prior year's operating income. Diluted loss per share was $0.46, compared to earnings per share of $0.19 in the previous year. The company initiated a strategic restructuring of its One-Way Truckload business, resulting in a $44.2 million charge.
Werner Enterprises experienced a challenging third quarter in 2025, with total revenues increasing by 3% to $771.5 million. However, the company reported an operating loss of $13.0 million, a substantial decrease from the prior year's operating income. Diluted loss per share was $0.34, compared to diluted earnings per share of $0.11 in the third quarter of 2024. The results were impacted by a more challenging freight environment, particularly in One-Way Truckload, and significant litigation settlement expenses.
Werner Enterprises reported total revenues of $753.1 million for Q2 2025, a slight decrease of 1% year-over-year. Despite this, operating income surged by 238% to $66.3 million, and diluted EPS increased by 380% to $0.72, largely due to significant non-GAAP adjustments including a reversal of a $45.7 million net liability from a truck accident verdict and a $7.9 million earnout provision reversal. The Truckload Transportation Services segment saw a revenue decrease but a substantial increase in operating income, while Werner Logistics achieved revenue growth and improved operating income.
Werner Enterprises reported a challenging first quarter of 2025 with decreased revenues and an operating loss, primarily impacted by elevated insurance costs, weather, a smaller fleet, and changes in customer activity. Despite these headwinds, the company saw strength in its Dedicated segment and improved operating income in Logistics.
Werner Enterprises reported total revenues of $754.7 million for the fourth quarter of 2024, an 8% decrease compared to the prior year. Operating income decreased by 65% to $13.4 million, and diluted EPS was $0.19, down 48%. The company faced challenges in the freight market but saw early signs of improvement, with peak season volumes better than expected.
Werner Enterprises reported a decrease in total revenues and operating income for Q3 2024 compared to the prior-year quarter. Total revenues decreased by 9% to $745.7 million, and operating income decreased by 54% to $17.6 million. Diluted EPS decreased by 72% to $0.11.
Werner Enterprises reported a decrease in total revenues and operating income for Q2 2024 compared to Q2 2023. Total revenues decreased by 6% to $760.8 million, and operating income decreased by 58% to $19.6 million. Despite these declines, the company saw sequential improvements in earnings and made progress in controlling costs and advancing its technology strategy.
Werner Enterprises reported a decrease in total revenues, operating income, and EPS for Q1 2024 compared to Q1 2023. The challenging freight conditions and pricing pressure impacted the company's financial performance.
Werner Enterprises reported a decrease in total revenues, operating income, and EPS for the fourth quarter of 2023 compared to the prior year. The decline was attributed to challenging freight conditions and pricing pressure. However, the Dedicated business showed resilience, and Logistics volume experienced growth.
Werner Enterprises reported a 1% decrease in total revenues to $817.7 million, with operating income down 50% to $37.9 million and diluted EPS down 57% to $0.37. The Logistics segment experienced revenue growth, while the Truckload Transportation Services segment saw a decline due to lower fuel surcharge revenues and softer freight demand.
Werner Enterprises reported a decrease in total revenues and operating income for Q2 2023 compared to Q2 2022, while Logistics segment revenue grew. The company is progressing with its cost savings program and believes its diversified business model positions it well for future growth.
Werner Enterprises reported a 9% increase in total revenues to $832.7 million, driven by growth in Truckload Transportation Services and Logistics. However, operating income decreased by 36% to $53.4 million, and diluted EPS decreased by 32% to $0.55 due to macroeconomic challenges and inflation impacting cost categories.
Werner Enterprises reported a 13% increase in total revenues to $861.5 million for Q4 2022, driven by growth in both Truckload Transportation Services and Logistics revenues. However, operating income decreased by 10% to $88.4 million, and diluted EPS decreased by 18% to $0.94. The company closed on two additive acquisitions during the quarter.
Werner Enterprises reported an 18% increase in total revenues, driven by growth in Truckload Transportation Services and Logistics revenues. Operating income increased by 7%, and diluted EPS decreased by 8%.
Werner Enterprises reported a 29% increase in total revenues to $836.3 million, driven by growth in both Truckload Transportation Services and Logistics revenues. However, operating income decreased by 3% to $74.9 million, and diluted EPS increased by 6% to $1.12. The results were impacted by unusually high insurance and claims expenses.
Werner Enterprises reported strong first quarter results with a 24% increase in total revenues to $764.6 million and a 34% increase in operating income to $83.5 million. Diluted EPS increased by 20% to $0.82, and non-GAAP adjusted diluted EPS increased by 40% to $0.96.
Werner Enterprises reported a 23% increase in total revenues to $765.2 million, with operating income up 21% to $98.5 million. Diluted EPS increased by 31% to $1.15.
Werner Enterprises reported a 19% increase in total revenues to $702.9 million and a 41% increase in diluted EPS to $0.94 for the third quarter of 2021. The company benefited from a strong freight market and strategic investments in driver pay and sourcing, as well as the acquisition of ECM Transport Group.
Werner Enterprises reported record second quarter operating income, net income and diluted earnings per share. Total revenues increased by 14% to $649.8 million, driven by growth in Truckload Transportation Services and Logistics revenues. Diluted EPS increased by 87% to $1.06.
Werner Enterprises reported record first quarter operating income and diluted earnings per share for the quarter ended March 31, 2021. Total revenues were $616.4 million, up 4%. Operating income was $62.5 million, up 101%, and diluted EPS was $0.68, up 106%.
Werner Enterprises reported flat YoY revenue but increased operating income by 24% and diluted EPS by 26% in Q4 2020. The company highlighted strong performance in both Dedicated and One-Way Truckload segments, with freight demand remaining robust. Werner is confident in its positioning for continued success in 2021, citing a young fleet and efficient cost management.
Werner Enterprises reported Q3 2020 results with total revenues of $590.2 million, a decrease of 5% year-over-year. However, operating income increased by 16% to $62.1 million, and diluted EPS rose by 19% to $0.67. The company saw strong freight demand in its One-Way Truckload and Dedicated segments.
Werner Enterprises reported a decrease in total revenues by 9% to $569.0 million for Q2 2020 compared to Q2 2019. Operating income decreased by 10% to $52.8 million, while diluted EPS decreased by 9% to $0.56. The company proactively managed its fleet and cost structure, which helped to minimize the impact of a softer freight market.
Werner Enterprises reported a 1% decrease in total revenues to $592.7 million. Operating income decreased by 35% to $31.1 million, and diluted EPS decreased by 35% to $0.33. The results reflect the impact of the COVID-19 pandemic and a challenging freight market.
Werner Enterprises reported a decrease in total revenues by 4% to $621.8 million and a 12% decrease in operating income to $65.7 million compared to Q4 2018. Diluted EPS decreased by 9% to $0.70. The company faced a challenging operating environment, but delivered good results through effective cost management and a balanced revenue model.