For the quarter ended June 2025, Werner Enterprises (WERN) reported revenue of $753.15 million, down 1% over the same period last year. EPS came in at $0.11, compared to $0.17 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $736.75 million, representing a surprise of +2.23%. The company delivered an EPS surprise of +120%, with the consensus EPS estimate being $0.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

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]