OMAHA, Neb.--(BUSINESS WIRE)--Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, will release its fourth quarter and full year 2025 earnings on Thursday, February 5, 2026, after the market close. The company will also hold a conference call to discuss the fourth quarter and full year 2025 results and 2026 outlook on the same day, beginning at 4:00 p.m. CT. The news release, live webcast of the earnings conference call, and accompanying slide presentation will be availa ...

Core Insights - Werner Enterprises, Inc. has been ranked No. 41 on Military Times' 2025 Best for Vets: Employers list, achieving its highest ranking in the past three years [1] Company Commitment - The ranking reflects the company's strong commitment to recruiting, retaining, and supporting veterans, service members, and military spouses [1]

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Summary of Werner Enterprises Conference Call (December 02, 2025) Company Overview - **Company**: Werner Enterprises (NasdaqGS: WERN) - **Speakers**: Derek Leathers (CEO), Chris Wikoff (CFO) Key Industry Insights - **Freight Market Activity**: Current freight market activity is described as busy, with a later peak season compared to previous years, leading to a compressed volume of freight in a shorter timeframe [4][6][10] - **Consumer Resilience**: The consumer market is holding up better than expected, with positive early returns from Black Friday sales, indicating a resilient consumer despite economic pressures [5][7][9] - **Peak Season Dynamics**: The peak season is shaping up to be similar to the previous year, with volume expected to be flat to slightly up. Pricing opportunities remain attractive, similar to the previous year [3][4][10] Financial Performance and Projections - **2026 Bid Season Outlook**: The company anticipates a more constructive environment for the 2026 bid season due to increased friction in the supply chain and rising bankruptcies in the industry, which may lead to a tighter supply of carriers [15][16][19] - **Rate Expectations**: The expectation for rate increases in 2026 is in the range of mid-single digits (5-6%), with discussions ongoing about the sustainability of current compensation levels [24][25][59] - **Operational Efficiency**: The company has been focusing on cost discipline, achieving approximately $50 million in cost reductions annually, which helps combat inflation and supports margin expansion [58][62] Fleet Management and Strategy - **Fleet Size Adjustments**: The company is reducing its one-way fleet size by 4-6% to focus on margin expansion and improve cost-to-serve metrics [29][30][35] - **Dedicated Fleet Growth**: The dedicated fleet is expected to grow, with a current mix of 65-66% dedicated versus one-way, with potential to increase to 70% [37][38] - **Technology Integration**: The company is in the later stages of a significant technology upgrade, which has already resulted in a 10% increase in logistics volume while reducing operational expenses by 10% [84][85] Regulatory Environment - **Increased Enforcement**: The regulatory landscape is tightening, with increased enforcement actions aimed at improving safety and compliance within the trucking industry. This includes issues related to English proficiency, non-domiciled CDLs, and electronic logging devices [72][75][76] - **Impact on Supply**: The enforcement of regulations could potentially remove around 200,000 non-compliant drivers from the market, significantly impacting supply in the over-the-road trucking sector [81][82] Conclusion - **Overall Sentiment**: The company expresses a cautiously optimistic outlook for the remainder of 2025 and into 2026, with expectations for improved operational performance and strategic positioning in the freight market [46][88]

Core Insights - Dragonfly Energy Holdings Corp. has received its first order from Werner Enterprises for the Battle Born DualFlow Power Pack after a successful pilot program, marking a significant step in the company's expansion into the heavy-duty trucking sector [1][8]. Product Overview - The Battle Born DualFlow Power Pack is a lithium-powered auxiliary system that reduces idling by providing power for hotel loads and driver amenities during rest periods, leading to lower fuel costs, reduced emissions, and improved vehicle efficiency [2][4]. Market Validation - The order from Werner Enterprises validates Dragonfly Energy's technology and performance in real-world fleet operations, showcasing the effectiveness of its LiFePO₄-powered solutions [3][4]. Operational Efficiency - The integration of the Battle Born DualFlow Power Pack into Werner's fleet enhances driver comfort and operational efficiency while supporting sustainability goals by reducing unnecessary truck starts during breaks [4][5]. Company Background - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and is recognized for its Battle Born Batteries brand, with a focus on advancing clean energy solutions [6].

Core Points - Werner Enterprises, Inc. has received the Lee Anderson Veteran and Military Spouse Employment Award from the U.S. Chamber of Commerce Foundation's Hiring Our Heroes initiative, recognizing its excellence in hiring and retaining military-connected community members [1] Company Summary - Werner Enterprises is a premier transportation and logistics provider [1] - The company was selected as the top recipient of the award from a highly competitive field [1]

Core Insights - Werner Enterprises, Inc. has been recognized as a Military Friendly® Employer and Military Spouse Friendly® Employer for the fourth consecutive year, ranking No. 3 in the Top 10 in the competitive category for companies with annual revenues between $1 billion and $5 billion [1] Company Recognition - The company has achieved a notable ranking in the Military Friendly® Employer awards, highlighting its commitment to supporting military personnel and their families [1] - This recognition reflects Werner's ongoing efforts to create a welcoming and supportive work environment for veterans and military spouses [1]

Summary of Werner Enterprises FY Conference Call (November 11, 2025) Industry Overview - The freight industry has experienced significant volatility in 2025, with challenges including inventory front-loading, government shutdowns, and regulatory developments [2][3][4] - The current economic environment for freight is described as benign, but there are signs of improvement as the year progresses [3][4] - The peak season for freight is expected to resemble pre-COVID levels, indicating a potential upside compared to the previous year [3][4][6] Company Performance and Strategy - Werner Enterprises has maintained a long-term investment strategy despite the challenging market conditions, focusing on enhancing its portfolio across various service areas [9][10] - The company is well-positioned with a robust fleet setup, which is crucial given the anticipated constrained OEM market in 2026 [10][11] - The tax rebate expected in 2026 is seen as a significant stimulus for the consumer base that Werner serves, potentially benefiting the company's operations [12] Regulatory Environment - Increased enforcement of regulations, particularly regarding English language proficiency (ELP) and non-domicile CDLs, is viewed positively by Werner, as it addresses safety and capacity issues in the industry [14][15][19] - The company has been proactive in maintaining ELP standards during driver onboarding, positioning itself favorably amidst regulatory changes [15][18] Freight Rates and Inflation - The company has experienced five consecutive quarters of modest rate increases, but acknowledges the need for more substantial rate recovery to offset inflationary pressures [22][23] - Inflation has impacted financial returns across the industry, and Werner emphasizes the importance of pursuing higher rates as demand improves [21][22][23] Dedicated Market Insights - Demand in the dedicated market remains strong, and Werner is focused on maintaining fleet size while selectively expanding into true dedicated services [28][29] - The company aims to avoid irregular route freight being misclassified as dedicated, ensuring stability in its dedicated operations [29][30] Used Equipment Market - The used equipment market has shown signs of recovery, with resale values improving significantly from two-year lows to two-year highs [35] - Factors such as tariffs and OEM manufacturing constraints are expected to support used equipment values in the long term [36] Conclusion - Werner Enterprises is optimistic about the future, with a strong portfolio and strategic focus on regulatory compliance, dedicated services, and rate recovery amidst a challenging freight environment [10][12][21][28]

Financial Performance - Operating revenues for Q3 2025 were $771,499,000, an increase from $745,701,000 in Q3 2024, representing a growth of 3.4%[12] - Net loss for Q3 2025 was $(20,575,000), compared to a net income of $6,565,000 in Q3 2024, indicating a significant decline[12] - Total operating expenses increased to $784,520,000 in Q3 2025 from $728,106,000 in Q3 2024, a rise of 7.8%[12] - For the three months ended September 30, 2025, Werner Enterprises reported a net loss attributable to the company of $20,575,000, compared to a net income of $6,565,000 for the same period in 2024, indicating a significant decline in performance[20]. - The company reported a net loss of $20.575 million for the three months ended September 30, 2025, compared to a net income of $6.565 million for the same period in 2024[85] - Total revenues for the three months ended September 30, 2025, were $771.5 million, an increase from $745.7 million in the same period of 2024, representing a growth of 3.9%[32] - For the nine months ended September 30, 2025, total revenues were $2.24 billion, compared to $2.28 billion for the same period in 2024, indicating a decrease of 1.8%[32] Cash Flow and Liquidity - The company reported a net cash provided by operating activities of $119,539,000 for the nine months ended September 30, 2025, down from $258,700,000 in the same period of 2024[19] - Cash and cash equivalents at the end of Q3 2025 were $50,984,000, an increase from $40,752,000 at the end of 2024[16] - The company paid dividends of $25.7 million during the nine months ended September 30, 2025, compared to $26.4 million in the same period of 2024[159] - The company has committed to property and equipment purchases totaling approximately $82.1 million as of September 30, 2025[77] Debt and Financing - Long-term debt increased to $725,000,000 as of September 30, 2025, compared to $630,000,000 at the end of 2024[16] - The company entered into a $1.075 billion unsecured credit facility scheduled to mature on December 20, 2027[63] - The maximum funding available under the Loan Security Agreement (LSA) was $300 million, which increased to $325 million after an amendment on October 7, 2025[69] - Outstanding debt increased to $725.0 million as of September 30, 2025, with net borrowings of $75.0 million during the nine months ended September 30, 2025[159] Shareholder Equity and Stock Activity - The total stockholders' equity as of September 30, 2025, was $1,395,587,000, down from $1,448,557,000 as of September 30, 2024, reflecting a decrease of approximately 3.7% year-over-year[21]. - The company repurchased 2,113,007 shares of common stock during the nine months ended September 30, 2025, at a total cost of $55,562,000[21]. - A new stock repurchase program was approved on August 7, 2025, allowing the company to repurchase up to 5,000,000 shares of common stock[161] Operating Segments Performance - The Werner Logistics segment reported operating revenues of $232,585 thousand for the three months ended September 30, 2025, up from $206,774 thousand in 2024, marking a 12.5% increase[111] - Reportable segment operating income (loss) for Truckload Transportation Services was $(13.832) million, while Werner Logistics reported an operating income of $3.014 million for the three months ended September 30, 2025[92] - The TTS segment experienced an operating loss of $13,832 thousand for the three months ended September 30, 2025, compared to an operating income of $21,607 thousand in the same period of 2024[109] - Operating income for the Werner Logistics segment was $3,014 thousand for the three months ended September 30, 2025, compared to a loss of $345 thousand in 2024[111] Expenses and Cost Management - Salaries, wages, and benefits increased by $10.4 million (4.0%) in Q3 2025, influenced by an $18.0 million litigation settlement[120] - Insurance and claims expenses rose by $10.4 million (37.5%) in Q3 2025, reflecting higher costs for small and large dollar liability claims[129] - Rent and purchased transportation expense increased by $31.4 million, or 14.9%, in Q3 2025 compared to Q3 2024, rising to 85.8% of Werner Logistics revenues from 85.2%[134] Taxation - The effective income tax rate increased to 48.2% for the nine months ended September 30, 2025, up from 26.7% in 2024, primarily due to return to provision adjustments of $4.7 million[76] - The company recorded a provision for income taxes of $4.7 million due to changes in deferred tax assets and liabilities for certain acquired entities[76] Future Outlook and Strategic Plans - The company expects the adoption of ASU 2023-09 to impact disclosures but not the results of operations, cash flows, and financial condition, effective for the annual period ending December 31, 2025[27] - The company plans to adopt ASU 2025-06 for the fiscal year beginning January 1, 2028, and does not expect a material effect upon adoption[30][31] - Operating results for the three and nine months ended September 30, 2025, are not necessarily indicative of the results that may be expected for the year ending December 31, 2025[25]

Core Insights - Werner Enterprises, Inc. (WERN) reported a third-quarter 2025 loss per share of 3 cents, missing the Zacks Consensus Estimate of earnings of 15 cents per share, compared to earnings of 15 cents per share in the same quarter last year [1][10] Financial Performance - Total revenues for the quarter were $771.5 million, exceeding the Zacks Consensus Estimate of $768.1 million, and reflecting a year-over-year increase of 3.5% driven by a $25.8 million (12%) rise in Logistics revenues, partially offset by a $3.0 million (1%) decline in Truckload Transportation Services (TTS) revenues, with a portion of the TTS decline attributed to a $3.3 million decrease in fuel surcharge revenues [2][10] - Adjusted operating income was reported at $10.91 million, a decrease of 50% year over year, with an adjusted operating margin of 1.4%, down 150 basis points from the previous year [3] - In the TTS segment, revenues fell 1% year over year to $519.78 million, with adjusted operating income dropping 63% to $8.95 million and an adjusted operating margin declining 300 basis points to 1.7%. Conversely, Logistics revenues increased 12% year over year to $232.58 million, with adjusted operating income rising over 100% to $4.16 million and an adjusted operating margin increasing 140 basis points to 1.8% [4][10] Liquidity and Capital Expenditure - As of September 30, 2025, Werner had cash and cash equivalents of $50.98 million, slightly down from $51.42 million at the end of the previous quarter. Long-term debt remained stable at $725 million. The company generated $44.1 million in cash from operations during the third quarter, with net capital expenditure amounting to $35.2 million [5] - No share repurchases were made in the third quarter, with 5.0 million shares remaining under the new share repurchase authorization as of September 30, 2025 [6] Outlook - For 2025, Werner anticipates TTS truck growth to decline from breakeven to 2%, down from a prior estimate of 1-4%. Net capital expenditure is now projected to be between $155 million and $175 million, revised from $145 million to $185 million. The company expects dedicated revenues per truck per week to rise from breakeven to 1.5%, up from a previous estimate of 0-3%. The full-year 2025 tax rate is now expected to be in the range of 26%-27%, revised from 25%-26% [7]