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Sep 30, 2020
Werner Q3 2020 Earnings Report
Werner reported strong freight conditions and earnings growth, driven by the recovering economy and tight driver market.
Key Takeaways
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.
Total revenues decreased by 5% year-over-year to $590.2 million.
Operating income increased by 16% year-over-year to $62.1 million.
Diluted EPS increased by 19% year-over-year to $0.67.
One-Way Truckload freight demand was strong and improved throughout the quarter.
Revenue by Segment
Forward Guidance
Werner expects continued strong peak season in Q4 2020.
Positive Outlook
- Expect 4Q20 modest truck growth
- Improving used equipment market
- Assumes a continued strong peak season
- Currently expect 4Q20 modest truck growth
- Assumes a continued strong peak season
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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