WERNER 2924 EARNINGS PRESENTATION July 30, 2024 /// WE KEEP AMERICA MOVING® 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 ma ...

Werner Enterprises, Inc. (NASDAQ:WERN) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Chris Neil – Senior Vice President-Pricing and Strategic Planning Derek Leathers – Chairman and Chief Executive Officer Chris Wikoff – Executive Vice President, Treasurer and Chief Financial Officer Conference Call Participants Eric Morgan – Barclays Bruce Chan – Stifel Daniel Imbro – Stephens Inc. Scott Group – Wolfe Research Adam Roszkowski – Banc of America Jason Seidl – TD Cowen Tom Wad ...

The reported revenue compares to the Zacks Consensus Estimate of $774.54 million, representing a surprise of -1.77%. The company delivered an EPS surprise of -26.09%, with the consensus EPS estimate being $0.23. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, ...

Werner Enterprises (WERN) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. Werner, which belongs to the Zacks Transportation - Truck industry, posted revenues of $760.8 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.77%. This compares to year-ago revenues of $811.1 million. The company has topped consensu ...

Werner Enterprises Reports Second Quarter 2024 Results • Total revenues of $760.8 million, down 6% • Operating income of $19.6 million, down 58%; non-GAAP adjusted operating income of $21.3 million, down 58% • Operating margin of 2.6%, down 320 basis points; non-GAAP adjusted operating margin of 2.8%, down 350 basis points • Diluted EPS of $0.15, down 68%; non-GAAP adjusted diluted EPS of $0.17, down 67% "While industry-wide headwinds remain, second quarter earnings improved sequentially, and we made progre ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] (Registrant's telephone number, including area code) ☐ 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 incorporation or organization) 14507 Frontier Road Post Office Box 45308 Omaha , Nebraska 681 ...

Financial Data and Key Metrics Changes - Revenues for Q1 2024 totaled $769 million, down 8% year-over-year [27] - Adjusted operating income was $18.6 million, a decrease of 68% compared to the previous year [27] - Adjusted EPS was $0.14, down $0.46 from the prior year [27] - Adjusted operating margin was 2.4%, down 450 basis points year-over-year [27] Business Line Data and Key Metrics Changes - Truckload Transportation Services (TTS) revenue was $551 million, down 6% [28] - Dedicated revenue net of fuel was $301 million, down 3% [33] - One-Way Truckload revenue was $169 million, a decrease of 8% [35] - Logistics revenue declined by $26 million or 11%, representing 26% of total revenues [38] Market Data and Key Metrics Changes - The freight market remains challenging with ongoing rate pressure and competitive pricing [23] - Customer retention rate in Dedicated was maintained at 93% despite competitive pressures [24] - The One-Way operating environment remains competitive, leading to a mixed early bid season [25] Company Strategy and Development Direction - The company focuses on three overarching priorities: driving growth in core business, operational excellence, and capital efficiency [17] - The strategy includes maintaining price discipline in Dedicated and focusing on large enterprise customers [10] - The company aims to achieve a long-term TTS operating margin range of 12% to 17% [18] Management's Comments on Operating Environment and Future Outlook - Management expects a challenging freight market to continue through Q2 and into the second half of 2024 [23] - There are signs of life in demand, particularly related to spring projects, but capacity needs to continue to exit the market [54] - The company remains committed to executing its strategy and improving operations despite the macro challenges [51] Other Important Information - The company achieved a 20-year record low for preventable accidents in Q1 [14] - Werner was recognized on Forbes' list of America's Best Large Employers for 2024, ranking 10th in the transportation and logistics category [16] - The company expects to capture over $40 million in cost savings in 2024, with $12 million realized in Q1 [43] Q&A Session Summary Question: Outlook on supply over the next 12 months - Management indicated that while it's tough to predict a turn in supply, there are encouraging signs of life and demand uptick as they enter Q2 [54] Question: Improvement in operating ratio (OR) in Q2 - Management expects improvement in OR as they progress through Q2, with a focus on cost savings and long-term strategy [59] Question: Impact of productivity gains on business mix - Management noted that productivity gains are intentional and focused on optimizing operations, particularly in cross-border services [62] Question: Expectations for used equipment market - Management anticipates modest improvement in used equipment values as the year progresses, driven by market conditions [65] Question: Cost actions in response to the down cycle - Management believes in maintaining pricing discipline while prudently trimming costs without damaging long-term strategic initiatives [71] Question: Fleet guidance and CapEx relationship - Management explained that fleet guidance is for the full year, while CapEx is being carefully managed to prepare for potential growth opportunities in the back half of the year [83] Question: Dedicated market competition and customer dynamics - Management clarified that all discount retailers are increasing truck counts within Dedicated, indicating a strong market despite competitive pressures [102]

WERNER 1Q24 EARNINGS PRESENTATION April 30, 2024 WE KEEP AMERICA MOVING® 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 manag ...

Exhibit 99.1 Werner Enterprises Reports First Quarter 2024 Results First Quarter 2024 Highlights (all metrics compared to first quarter 2023) OMAHA, Neb., April 30, 2024 -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the first quarter ended March 31, 2024. "Freight conditions remained challenging in the first quarter with persistent excess industry capacity driving broad pricing pressure combined with adverse weather and one-off expens ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [Mark one] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 0-14690 (State or other jurisdiction of incorporation or organization) 14507 Frontier Road Post Office Box 45308 Om ...