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Mar 31, 2020
Werner Q1 2020 Earnings Report
Werner Enterprises reported results that were impacted by the COVID-19 pandemic, with freight demand slightly below the prior year and a decrease in operating income.
Key Takeaways
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.
Total revenues decreased by 1% to $592.7 million.
Operating income decreased by 35% to $31.1 million.
Diluted EPS decreased by 35% to $0.33.
The company experienced above-normal demand for two to three weeks in March due to consumer purchasing of essential products.
Revenue by Segment
Forward Guidance
The company withdrew its annual guidance for gains on sales of equipment due to very low demand in the used truck market and provided commentary on TTS truck growth and net capital expenditures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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