Quarterly ResultJul 28, 2026, 04:13 PM
Werner Enterprises Q2 Adjusted EPS $0.22, Up 178%; Revenue $933.9M
AI Summary
Werner Enterprises reported mixed financial results for the second quarter ended June 30, 2026. While total revenues increased by 24% to $933.9 million, GAAP operating income and diluted EPS saw significant declines, primarily due to the non-recurrence of favorable liability reversals from the prior year. However, non-GAAP adjusted operating income and adjusted diluted EPS showed substantial growth, reflecting strategic efforts like the FirstFleet acquisition and One-Way Truckload restructuring. The company also raised its full-year 2026 net capital expenditures guidance.
Key Highlights
- Total revenues increased 24% year-over-year to $933.9 million.
- Operating income decreased 74% to $16.9 million; adjusted operating income rose 67% to $27.6 million.
- Diluted earnings per share decreased 85% to $0.11; adjusted diluted EPS increased 178% to $0.22.
- Truckload Transportation Services (TTS) revenues grew 36% to $702.6 million.
- Werner Logistics revenues decreased 4% to $211.7 million, with an operating loss of $3.9 million.
- Cash flow from operations increased 84% to $84.7 million.
- Full-year 2026 net capital expenditures guidance raised to $215 million to $250 million.
- Dedicated average revenues per truck per week, net of fuel surcharge, increased 5.4%.
Price Impact
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