Quarterly ResultApr 28, 2026, 04:12 PM
WERN Q1 Revenue +14% to $808.6M; Adj EPS $0.02
AI Summary
Werner Enterprises reported strong first-quarter 2026 results, with total revenues increasing 14% to $808.6 million and a significant turnaround in operating income to $4.0 million from a prior-year loss. Non-GAAP adjusted diluted earnings per share reached $0.02, improving from a loss in the previous year. The company's performance was bolstered by the FirstFleet acquisition, which contributed to an 18% rise in Truckload Transportation Services revenues and a substantial increase in the Dedicated fleet size. Management highlighted positive momentum from strategic positioning, improving rates, and cost discipline.
Key Highlights
- Total revenues increased 14% to $808.6 million in Q1 2026 compared to Q1 2025.
- Operating income was $4.0 million, a 169% increase from a $5.8 million operating loss in the prior year.
- Non-GAAP adjusted diluted earnings per share was $0.02, up from a $0.12 loss per share in the prior year.
- Truckload Transportation Services (TTS) revenues rose 18% to $594.3 million.
- Werner Logistics revenues remained flat at $195.8 million.
- The FirstFleet acquisition on January 27, 2026, significantly increased the Dedicated fleet size and contributed to TTS growth.
- Dedicated unit trucks totaled 7,080, representing 78% of the total TTS segment fleet, up from 65% a year ago.
- One-Way Truckload revenues per truck per week increased 9.6% due to restructuring and higher rates.