Key Takeaways WERN is now authorized to repurchase up to 5 million shares, per the new share repurchase program. Werner has been paying quarterly cash dividends to its shareholders every quarter since July 1987.During the first half of 2025, WERN paid $17.32M in dividends and repurchased shares worth $55.56M.In a shareholder-friendly move, Werner Enterprises, Inc. (WERN) board of directors approved a new share repurchase program. Per the new program, WERN is now authorized to repurchase up to 5 million shar ...

Werner Enterprises (WERN) 2025 Conference August 12, 2025 11:00 AM ET Speaker0Okay. So hi again, everyone. Welcome back. Our third presentation of the day. Very excited to have a conversation with Derek Leathers, Chairman and CEO of transportation service provider Werner Enterprises.Derek, you have a lot of history in the world of transportation, I think thirty years of experience, right? You also wear a lot of different hats in the industry, being the second Vice Chairman of American Trucking Association. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of incorpor ...

Key Takeaways WERN's Q2 EPS of $0.11 beat estimates but fell 36% Y/Y; revenue dipped 1% to $753.14M.WERN's Q2 revenues were hurt by weakness across TTS segment, partially offset by growth in Logistics segment.Logistics revenue rose 6% with operating margin up 190 bps, while TTS margin fell 180 bps.Werner Enterprises, Inc. (WERN) reported second-quarter 2025 earnings per share (EPS) of 11 cents, which surpassed the Zacks Consensus Estimate of 5 cents but declined 36% from the year-ago reported quarter figure ...

Core Insights - Werner Enterprises reported revenue of $753.15 million for the quarter ended June 2025, a decrease of 1% year-over-year, with EPS at $0.11 compared to $0.17 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $736.75 million by 2.23%, while the EPS surprised by 120% against the consensus estimate of $0.05 [1] Financial Performance Metrics - Operating Ratio was reported at 91.2%, significantly better than the three-analyst average estimate of 98.3% [4] - Truckload Transportation Services had an Operating Ratio of 87.6%, compared to the average estimate of 97.2% [4] - Average trucks in service for Dedicated segment were 4,855, slightly below the two-analyst average estimate of 4,902 [4] - One-Way Truckload reported an average percentage of empty miles at 15.5%, better than the two-analyst average estimate of 15.8% [4] - Year-over-year revenue change for One-Way Truckload per total mile was +2.7%, compared to the estimated -1.4% [4] Revenue Breakdown - Werner Logistics revenues were $221.18 million, exceeding the average estimate of $204.72 million, representing a year-over-year increase of 5.9% [4] - Truckload Transportation Services' trucking fuel surcharge revenues were $55.2 million, below the average estimate of $58.43 million, reflecting a year-over-year decline of 21.1% [4] - Total revenues for Truckload Transportation Services were $517.65 million, slightly above the average estimate of $517.5 million, marking a year-over-year decrease of 3.6% [4] - Non-trucking and other revenues in Truckload Transportation Services were $11.54 million, surpassing the average estimate of $9.87 million, with a year-over-year increase of 28.8% [4] - Trucking revenues, net of fuel surcharge, were $450.9 million, slightly above the average estimate of $449.23 million, showing a year-over-year decline of 1.6% [4] - Dedicated trucking revenues, net of fuel surcharge, were $286.82 million, below the average estimate of $290.38 million, reflecting a year-over-year decrease of 0.7% [4] - One-Way Truckload trucking revenues, net of fuel surcharge, were $164.08 million, exceeding the average estimate of $156.38 million, with a year-over-year decline of 3.1% [4] Stock Performance - Werner's shares returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Data and Key Metrics Changes - Revenues totaled $753 million, down 1% year over year, while revenues net of fuel increased by 1% [22][13] - Adjusted EPS was $0.11, a decrease of $0.06 compared to the previous year [23] - Adjusted operating margin was 2.2%, with TTS adjusted operating margin at 2.8% net of fuel surcharges [22][13] Business Line Data and Key Metrics Changes - Truckload Transportation Services (TTS) revenue was $518 million, down 4%, with revenues net of fuel surcharges decreasing by 1% to $462 million [25] - Logistics revenue was $221 million, representing 30% of total revenues, with a 6% year-over-year increase and a 13% sequential increase [30] - Dedicated revenue net of fuel was $287 million, down 0.7%, while One Way trucking revenue net of fuel was $164 million, a decrease of 3% [26][28] Market Data and Key Metrics Changes - The freight market faces ongoing uncertainty due to shifting global trade policies and regulatory issues [4] - Spot rates have weakened since the July 4 holiday, with expectations for normal seasonal patterns for the remainder of the year [21] - Long haul truckload employment is below prior peak levels, with ongoing capacity attrition anticipated [20] Company Strategy and Development Direction - The company is focused on providing superior and diversified solutions through technology investments and operational improvements [4][5] - Key priorities include driving growth in core business, operational excellence, and capital efficiency [5][11] - The company aims to maintain a strong balance sheet while strategically reinvesting in the business and returning capital to shareholders [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for an upcycle driven by supply rather than demand, with expectations for stable truckload fundamentals [19][50] - The company anticipates ongoing customer conversations and positive outlooks from strategic customers [49] - Management highlighted the importance of safety improvements and technology investments in driving operational efficiency [6][10] Other Important Information - The Texas Supreme Court ruled in favor of the company, reversing a $90 million jury verdict, which positively impacted GAAP operating income [23][7] - The company is adjusting its full-year net CapEx guidance to a range of $145 million to $185 million [38] - The company has a strong liquidity position with $695 million available, including $51 million in cash [34] Q&A Session Summary Question: Thoughts on the cycle and potential upcycle shape - Management indicated that the current cycle has been prolonged and painful, with expectations for a supply-driven upcycle rather than demand-driven [48][50] Question: Temporary elevated demand from certain customers - Management noted that the elevated demand reflects a flight to quality, with customers seeking reliable partners during uncertain times [52][54] Question: Capacity impacts from ELP enforcement - Management does not expect impacts on their fleet but noted that enforcement is ramping up and could lead to exits of non-compliant operators [60][62] Question: Broader market shifts in capacity procurement - Management observed a trend towards a portfolio approach among customers, with less enthusiasm for private fleet growth compared to previous years [68] Question: Impact of the Texas Supreme Court ruling on court reform - Management expressed cautious optimism about the ruling being a potential start for broader court reform, while emphasizing the need for ongoing efforts [72][74] Question: Demand pressure on nondiscretionary goods - Management indicated that their customer mix remains resilient, with some customers experiencing increased volumes despite broader market pressures [78][80]

Financial Performance - Revenues decreased by 1% to $753 million in 2Q25 [12, 28], while revenues net of fuel surcharge increased by 1% or $7 million [15, 28] - GAAP EPS increased by 380% to $0.72 in 2Q25 [12, 27], while adjusted EPS decreased by 36% to $0.11 [12, 25] - Adjusted operating income decreased by 22% to $16.6 million in 2Q25 [12, 28], and adjusted operating margin decreased by 60 bps to 2.2% [12, 28] Truckload Transportation Services (TTS) - TTS revenues decreased by 4% to $517.6 million in 2Q25 [29], and revenues net of fuel surcharge decreased by 1% to $462.4 million [29] - TTS adjusted operating income decreased by 45% to $12.8 million in 2Q25 [29], and adjusted operating margin decreased by 220 bps to 2.8% [29] - Dedicated fleet represents 65% of total TTS trucks at quarter end [32]; revenue per truck per week increased 0.2% Y/Y [32] Werner Logistics - Werner Logistics revenues increased by 6% to $221.2 million in 2Q25 [41], and revenues less purchased transportation expense increased by 3% to $32.9 million [41] - Werner Logistics adjusted operating income increased by 246% to $5.9 million in 2Q25 [41], and adjusted operating margin increased by 190 bps to 2.7% [41] - Truckload Logistics revenues (77% of Logistics revenues) increased 9% [44] Cost Savings and Capital Allocation - The company is increasing its 2025 cost savings target from $40 million to $45 million+ [15, 49], with $20 million achieved through 2Q25 [49] - Net Capital Expenditures YTD25 is $58 million, down >50% Y/Y [58, 64] - The company has total liquidity of $695 million, including $644 million available credit and $51 million cash [55, 62]

Exhibit 99.1 Werner Enterprises Reports Second Quarter 2025 Results Second Quarter 2025 Highlights (all metrics compared to second quarter 2024) OMAHA, Neb., July 29, 2025 -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the second quarter ended June 30, 2025. "Second quarter results showed significant improvement over the first quarter, with operational and strategic progress across our business. Strength in Dedicated continued as we im ...

Core Viewpoint - Werner Enterprises (WERN) shows potential as a strong investment opportunity due to a significant revision in the company's earnings estimates, indicating an improving earnings outlook [1][10]. Earnings Estimate Revisions - Analysts are increasingly optimistic about Werner's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - For the current quarter, the earnings estimate is projected at $0.06 per share, reflecting a decrease of 64.71% from the previous year, but the Zacks Consensus Estimate has increased by 11.86% over the last 30 days due to one upward revision [6]. - For the full year, the expected earnings are $0.42 per share, which is a decline of 20.75% from the prior year, yet the consensus estimate has risen by 5.34% following one upward revision [7][8]. Zacks Rank and Performance - The positive revisions in earnings estimates have led to Werner achieving a Zacks Rank 2 (Buy), indicating strong potential for outperformance compared to the S&P 500 [9]. - Historically, Zacks 1 (Strong Buy) and 2 (Buy) ranked stocks have significantly outperformed the S&P 500, with Zacks 1 stocks averaging an annual return of +25% since 2008 [3][9]. Recent Stock Performance - Over the past four weeks, Werner shares have increased by 5.4%, suggesting that investors are responding favorably to the company's earnings growth prospects [10].

Core Insights - Werner Enterprises (WERN) is currently facing multiple challenges, making it an unattractive investment option [1] Earnings Estimates - The Zacks Consensus Estimate for WERN's second-quarter 2025 earnings has decreased by 78.5% over the past 60 days, while the full-year 2025 earnings estimate has been revised down by 65.8% in the same period, indicating a lack of confidence from brokers [2][5] - For second-quarter 2025, WERN's earnings are expected to decline by 64.71% year over year, and for the full year, a decrease of 24.53% year over year is anticipated [7] Price Performance - WERN's stock has declined by 23.5% year-to-date, underperforming the transportation-truck industry's decline of 16.1% [5][8] - The company's earnings surprise history is poor, having missed earnings estimates in the past four quarters with an average miss of 79.95% [6][5] Revenue Trends - In the first quarter of 2025, WERN reported revenues of $712.11 million, falling short of the Zacks Consensus Estimate of $746.8 million, and representing a 7% year-over-year decline [8] Industry Challenges - The trucking industry, including WERN, is facing a persistent driver shortage, complicating recruitment as older drivers retire and younger generations are less attracted to low-paying jobs [9] - The industry has a Zacks Industry Rank of 234 out of 250, placing it in the bottom 4% of Zacks industries, which negatively impacts stock performance [10]