Werner Enterprises reported a cost-burdened fourth quarter that came in light of estimates even after adjusting for nonrecurring items. Werner (NASDAQ: WERN) reported a fourth-quarter headline net loss of $27.8 million, or 46 cents per share, on Thursday after the market closed. However, the number included $44.2 million in restructuring and impairment charges, the bulk of which were noncash items. Excluding those charges and other one-off items, adjusted net income was $3.3 million, or 5 cents per share. ...

4Q25 AND FULL YEAR 2025 EARNINGS PRESENTATION FEBRUARY 5, 2026 1 DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on information presently available to the Company's management an ...

Werner Enterprises Reports Fourth Quarter and Annual 2025 Results Fourth Quarter 2025 Highlights (all metrics compared to fourth quarter 2024) 2025 Highlights (all metrics compared to 2024) OMAHA, Neb., February 5, 2026 -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the fourth quarter and year ended December 31, 2025. TTS had an operating loss of $32.9 million compared to $11.7 million operating income in the prior year, and TTS had no ...

OMAHA, Neb.--(BUSINESS WIRE)--Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the fourth quarter and year ended December 31, 2025. "Fourth quarter results reflect both the challenges and progress made during a difficult operating year. Dedicated revenue continued to grow, supported by increased fleet size and customer retention, and the recently announced acquisition of FirstFleet positions Werner for further sustainable, prof. ...

Core Viewpoint - Werner Enterprises has acquired FirstFleet to enhance its dedicated transportation platform and expand its operational scale, particularly in the eastern U.S. [1] Transaction Overview and Closing - The acquisition was completed on January 27, 2026, for a total of $245 million for 100% equity in FirstFleet, along with an additional $37.8 million for certain real estate assets [2] - The deal was financed through cash reserves, borrowings from Werner's revolving credit facility, and the assumption of certain capital leases [2] Management and Operational Structure - FirstFleet's management will largely remain intact, and it will function as a business unit within Werner's Truckload Transportation Services segment, with results integrated into quarterly reporting [3] FirstFleet Profile and Combined Scale - FirstFleet, founded in 1986 and based in Murfreesboro, Tennessee, generated over $615 million in annual revenue for the twelve months ending September 30, 2025, operating around 2,400 tractors and 11,000 trailers [4] - The combined revenue for Werner, post-acquisition, is projected to rise from approximately $3.0 billion to about $3.6 billion, with a fleet of over 9,800 trucks [5] Shift Toward Dedicated and Network Footprint - The acquisition will shift Werner's revenue mix further towards dedicated services, increasing from roughly 43% to approximately 52% of total revenues, while one-way truckload and logistics will account for about 22% and 24%, respectively [6]

Core Viewpoint - Werner Enterprises (WERN) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on February 5, with a consensus estimate of quarterly earnings at $0.09 per share, reflecting a year-over-year increase of 12.5% [3]. - Revenues are projected to reach $770.01 million, which is a 2% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 4.6%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Werner is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +8.66%, suggesting a more optimistic outlook from analysts [12]. Historical Performance - In the last reported quarter, Werner was expected to post earnings of $0.15 per share but instead reported a loss of -$0.03, resulting in a surprise of -120.00% [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Predictive Indicators - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [10]. - However, Werner currently holds a Zacks Rank of 4 (Sell), complicating the prediction of an earnings beat despite the positive Earnings ESP [12]. Conclusion - While the company shows some potential for an earnings beat based on the Earnings ESP, the overall outlook is tempered by its Zacks Rank, indicating that investors should consider additional factors before making investment decisions [17].

Core Insights - Werner Enterprises, Inc. is a significant player in the transportation and logistics industry, focusing on truckload transportation services across North America [1] - The company is actively pursuing growth through mergers and acquisitions (M&A), which are central to its strategic initiatives [6] Company Performance - As of January 28, 2026, the stock price of Werner was $34.33, slightly above the price target of $34 set by Robert W. Baird, indicating a stable market perception [2] - The stock price recently increased by $1.32, or 3.99%, reflecting positive market reactions to the company's strategic M&A activities [3] - The stock has shown volatility, with a daily trading range between $33.25 and $35.11, and over the past year, it reached a high of $37.63 and a low of $23.02 [4] Market Position - Werner's market capitalization is approximately $2.05 billion, with a trading volume of 1,640,875 shares, indicating substantial market presence and investor interest [5] - The recent M&A call provided insights into how the company plans to leverage these activities for future growth, contributing to its strategic market positioning [6]

PresentationI would now like to turn the conference over to Chris Neil, Werner's Senior Vice President of Pricing and Strategic Planning. Please go ahead.Good day, and welcome to the Werner Enterprises Business Update Conference Call. [Operator Instructions] Please note, this event is being recorded.Chris NeilSenior Vice President of Pricing & Strategic Initiatives Good morning. Earlier today, we issued a press release and posted a slide presentation announcing our acquisition of FirstFleet. These materials ...

Summary of Werner Enterprises Conference Call on FirstFleet Acquisition Company and Industry - **Company**: Werner Enterprises (NasdaqGS: WERN) - **Industry**: Trucking and Transportation Key Points and Arguments Acquisition Announcement - Werner Enterprises announced the acquisition of FirstFleet, a leading dedicated trucking company in the U.S., for **$245 million** [2][14] - The acquisition is expected to strengthen Werner's platform and position the company for sustainable, profitable growth [3][12] Strategic Importance - The acquisition establishes Werner as the **fifth-largest dedicated carrier** in the U.S. and expands its scale across the eastern half of the country [3][6] - FirstFleet generated over **$615 million** in annual revenue for the twelve months ending September 30, 2025, operating approximately **2,400 tractors** and **11,000 trailers** [5][6] - The combined revenues of Werner and FirstFleet are projected to increase from approximately **$3 billion** to **$3.6 billion**, marking a **20% increase** in total revenues [6][12] Revenue Mix Shift - The acquisition shifts Werner's revenue mix towards dedicated trucking, increasing its share from **43%** to **52%** of total revenues [6][8] - One-way truckload and logistics will account for approximately **22%** and **24%** of total revenues, respectively [6] Customer Base and Market Diversification - FirstFleet has strong relationships with top-tier customers, enhancing Werner's exposure to resilient end markets such as grocery, bakery, and corrugated packaging [9][11] - The average tenure of FirstFleet's top 10 customers is **17 years**, indicating strong customer loyalty [10] Financial Impact - The acquisition is immediately accretive to EPS, with expected annual synergies of approximately **$18 million**, primarily from procurement efficiencies and operating efficiencies [14][16] - The transaction is expected to drive a **30% increase** in TTS and almost a **50% increase** in dedicated revenues [6][12] Integration and Future Plans - FirstFleet will operate as a business unit within Werner's TTS segment, with its management team largely remaining in place [14][15] - The integration is expected to enhance operational efficiencies and improve asset utilization [10][12] Cultural Fit and Long-term Strategy - There is a strong cultural alignment between Werner and FirstFleet, focusing on safety, service, and innovation [17][12] - Werner aims to continue its transition towards a dedicated business model while maintaining its one-way fleet size [39][40] Market Outlook - The dedicated trucking market is estimated to be a **$30 billion+** addressable market, with opportunities for growth as market conditions improve [8][53] - Werner plans to leverage FirstFleet's capabilities to enhance service offerings and customer satisfaction [88][89] Additional Important Information - The acquisition was funded using cash on hand and existing credit facilities, with modest leverage expected post-acquisition [14][23] - The average age of FirstFleet's fleet is similar to Werner's, with no significant CapEx catch-up anticipated [94][99] - The branding strategy for FirstFleet will be evaluated over time, with no immediate plans to change the brand name [96][97] This summary encapsulates the key points discussed during the conference call regarding Werner Enterprises' acquisition of FirstFleet, highlighting the strategic, financial, and operational implications of the deal.

NEWS RELEASE Werner® Acquires FirstFleet, Inc., Expanding Dedicated Market Leadership 2026-01-28 OMAHA, Neb.--(BUSINESS WIRE)-- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced it has acquired privately owned Dedicated trucking company, First Enterprises, Inc. ("FirstFleet"), for approximately $245 million in cash. Werner will also separately acquire real estate properties directly from FirstFleet. The acquisition establishes Werner as the fth-largest ...