WERNER ENTERPRISES INC

Werner Enterprises, Inc. announced its upcoming participation in Deutsche Bank's Chicago Industrials Summit on August 11, 2026. Members of Werner's management team will engage in investor meetings and a fireside chat presentation. A live webcast and a 30-day archive will be available on the company's investor relations website.

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.

Werner Enterprises' wholly-owned subsidiary, Werner Receivables Company, LLC (WRC), amended its Loan and Security Agreement, increasing its maximum funding limit to $350 million, with a potential increase to $400 million. This is an increase from the previous limit of $325 million, which could have increased to $350 million. Concurrently, Werner Enterprises provided an unconditional and irrevocable performance guaranty for WRC's obligations under the agreement, creating a direct financial obligation for the company.

Werner Enterprises announced that Director Carmen A. Tapio retired from its Board of Directors, effective May 12, 2026. Her decision was not due to any disagreement with the company. Additionally, the company held its Annual Meeting of Stockholders on May 12, 2026, where stockholders elected three Class II directors and one Class III director. Stockholders also approved the advisory resolution on executive compensation and ratified KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2026.

Werner Enterprises, Inc. announced its upcoming participation in two investment conferences. The company will attend the Wolfe Research 19th Annual Global Transportation & Industrials Conference on May 19, 2026, in New York City, including a panel discussion. Additionally, Werner will participate in the Wells Fargo 16th Industrials & Materials Conference on June 9, 2026, in Chicago, featuring a fireside chat presentation. A live webcast and subsequent replay for the Wells Fargo conference will be available on the company's investor relations website.

Werner Enterprises Inc. announced the acquisition of FirstEnterprises, Inc. (FirstFleet) for $214.8 million, significantly expanding its fleet and customer sites. For the first quarter of 2026, the company reported a substantial improvement in financial performance, with operating revenues increasing and net loss narrowing significantly. The acquisition contributed $107.9 million in revenues and $1.9 million in net income to the quarter's results.

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.