werner enterprises revenue 2019


Logistics Box 64854 Interest is accrued at $0.4 million per month until such time as the outcome of our appeal is finalized, excluding the months of June and July 2019 where the plaintiffs requested an extension of time to respond to our appeal. Werner's latest twelve months revenue is $2.374 billion... View Werner Enterprises, Inc.'s Revenue trends, charts, and more. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. To-date the plaintiffs have requested extensions for the months of June and July 2019. For further information about Werner, visit the Company’s website at www.werner.com. Browse... View Full Chart Revenue (Annual) Chart . We subtract (c) total other expense (income) from (b) adjusted operating income to arrive at (d) adjusted income before income taxes. (all metrics compared to third quarter 2018 unless otherwise noted). Adjusted operating ratio, net of fuel surcharge, Rent and purchased transportation expense, We intend to maintain the average age of our truck and trailer fleet at or near current levels of 1.8 and 4.0 years, Trucking revenues, net of fuel surcharge (in 000’s), Average % change YOY in revenues per total mile, Average % change YOY in total miles per tractor per week, Average completed trip length in miles (loaded), Accounts receivable, trade, less allowance of $8,246 and $8,613, respectively, Insurance and claims accruals, net of current portion, Common stock, $.01 par value, 200,000,000 shares authorized; 80,533,536, shares issued; 69,204,715 and 70,441,973 shares outstanding, respectively, Treasury stock, at cost; 11,328,821 and 10,091,563 shares, respectively, Total liabilities and stockholders’ equity, Total revenues of $618.3 million, down $11.5 million, or 2%, Operating income of $53.4 million, down 16%; non-GAAP adjusted operating income of $54.2 million, down 12%, Operating margin of 8.6%, down 150 basis points (bps); non-GAAP adjusted operating margin of 8.8%, down 90 bps, Diluted EPS of $0.56, down 15%; non-GAAP adjusted diluted EPS of $0.57, down 11%, Revenues of $480.4 million decreased $4.4 million, or 1%, Operating income of $48.9 million decreased $10.0 million, or 17%; non-GAAP adjusted operating income of $49.7 million decreased $7.1 million, or 13%, Operating margin of 10.2% decreased 190 basis points from 12.1%; non-GAAP adjusted operating margin of 10.3% decreased 140 basis points from 11.7%, Average segment trucks in service totaled 8,010, an increase of 282 trucks year over year, Dedicated unit trucks at quarter end totaled 4,620, or 57% of the total TTS segment fleet, compared to 4,400 trucks, or 57%, a year ago, Revenues of $121.3 million decreased $8.1 million or 6%, Operating income of $3.0 million decreased $1.7 million, or 37%, Operating margin of 2.5% decreased 120 bps. (1) During second quarter 2019, we accrued $767 of pre-tax insurance and claims expense for post-judgment interest and during second quarter 2018, we accrued $11,250 of pre-tax insurance and claims expense (including interest of $1,300) related to a previously disclosed excess adverse jury verdict rendered on May 17, 2018 in a lawsuit arising from a December 2014 accident. Werner’s Standard Rules Tariff Site Map Werner’s key performance indicators. On a non-GAAP basis, adjusted net income was $43.9 million  compared to $44.1 million for the same quarter last year. P.O. On a non-GAAP basis, adjusted operating income of $59.2 million increased $0.7 million, or 1%. We subtract the insurance and claims jury verdict expense accrual and related interest and subtract the gain on sale of real estate from (a) to arrive at adjusted operating expenses, which we subtract from operating revenues to arrive at (b) adjusted operating income. Apply Press Release: Werner Enterprises : Werner Enterprises Named a 2019 Military Friendly® Brand OMAHA, Neb., Dec. 05, 2018 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics company, is honored to announce its designation as a 2019 Military Friendly® Brand by VIQTORY. As part of our strategy, net capital expenditures have returned to normalized replacement levels in 2019 after achieving our desired fleet age. Employer. Werner Enterprises revenue breakdown by business segment: 77.2% from Truckload Transportation Services, 19.7% from Werner Logistics and 3.1% from Other. Fluctuating fuel prices and fuel surcharge revenues impact the total company operating ratio and the TTS segment’s operating ratio when fuel surcharges are reported on a gross basis as revenues versus netting against fuel expenses. Werner’s Standard Rules Tariff Werner Enterprises is an American transportation and logistics company that offers services in freight management, truck brokerage, intermodal, and international services.. Werner Enterprises and its units employ more than 11,500 associates and independent contractors. (2) Inter-segment eliminations represent transactions between reporting segments that are eliminated in consolidation. Key Werner Logistics Segment Financial Metrics. Management believes excluding the effect of this item provides a more useful comparison of our performance from period to period. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. (1) Under the terms of our insurance policies, we are the primary obligor of the damage award in the previously mentioned adverse jury verdict, and as such, we have recorded a $79.2 million receivable from our third party insurance providers in other non-current assets and a corresponding liability of the same amount in the long-term portion of insurance and claims accruals in the unaudited condensed balance sheets as of September 30, 2019 and December 31, 2018. As previously noted, we are appealing a large adverse jury verdict rendered in May 2018. The news release, live webcast of the earnings conference call, and accompanying slide presentation will be available at www.werner… Please mention to the operator that you are dialing in for the Werner Enterprises call. Werner Enterprises Inc. (NASDAQ:WERN) Q1 2019 Earnings Conference Call - Final Transcript Good afternoon, and welcome to the Werner Enterprises First Quarter 2019 Earnings Conference Call. Operating income of $53.4 million decreased $10.0 million, or 16%. Gains on sales of equipment were $4.5 million, or $0.05 per share, compared to $5.1 million, or $0.05 per share in the prior-year quarter. We then subtract adjusted income tax expense from adjusted income before income taxes to arrive at adjusted net income. US$ 202.9 million (2017) Total assets: US$ 1.81 billion (2017) Total equity: US$ 1.185 billion (2017) Number of employees. The news release, live webcast of the earnings conference call, and accompanying slide presentation will be available at www.werner.com in the “Investors” section under “Webcasts & Presentations.” To participate on the conference call, please dial (877) 317-6789 (domestic) or (412) 317-6789 (international). Werner Enterprises (WERN) Q2 2019 Earnings Call Transcript ... Now let's discuss the 2019 guidance. In May 2019, we entered into new five-year, unsecured revolving credit facilities with Wells Fargo Bank, N.A. Truckload Transportation Services (TTS) Segment. Shareowner Services Werner Enterprises, Inc. (Nasdaq: WERN) was founded in 1956 by Clarence (CL) Werner and is a transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Werner Enterprises Inc. (NASDAQ: WERN) reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.The company’s results marked an 18% decrease from $47.5 million for the same quarter a year ago. Key Werner Logistics Segment Financial Metrics. Intermodal Transfer Agent. For 2019 in total, revenues increased by $6 million to nearly $2.5 billion. Key Truckload Transportation Services Segment Financial Metrics. Available Loads Diluted EPS in second quarter 2018 included a $0.12 per share accrual of insurance and claims expense (including interest) related to the same May 2018 jury verdict. Login, Drive Blue Temperature-Controlled Custom Solutions, Advantages Total revenues for the quarter decreased 2% to $618.3 million versus the prior year quarter, primarily attributable to lower fuel surcharge and logistics revenues, partially offset by dedicated fleet expansion. The company is engaged in hauling truckload shipments of … Intermodal Any such updates or revisions may be made by filing reports with the U.S. Securities and Exchange Commission, through the issuance of press releases or by other methods of public disclosure. This item is included in the Truckload Transportation Services segment in our Segment Information table. Adjusted TTS operating income declined 13% and adjusted TTS operating margin declined 140 bps to 10.3%. P.O. Currently, the carrier’s one-way segment is seeing “relatively strong” demand that is higher than July 2019. Global Services Revenues of $110.2 million decreased $20.7 million, or 16%; Gross margin of 15.7% decreased 40 bps; Operating income … Get the tools used by (smart) 2 investors. Our performance in third quarter 2019 in a relatively challenging freight market demonstrates the strength of our strategic operating model.”. The following factors all contributed to lower average miles per truck: (i) a below average seasonal freight market in second quarter 2019 compared to an unusually strong seasonal freight market in second quarter 2018, (ii) growth in Dedicated which has lower miles per truck and a shorter length of haul (iii) fewer team driver trucks and (iv) southern U.S. border security crossing delays affecting about one quarter of our One-Way Truckload revenues. Werner Enterprises market cap is $2.8 b, and annual revenue was $2.46 b in FY 2019. Contact Werner Enterprises (NASDAQ:WERN) Q4 ... For 2019 in total, revenues increased by $6 million to nearly $2.5 billion. Blog, Freight Quote YRCW -4.9% TFII 4.2% PTSI 3.6% USAK 3.0% ODFL 1.8% | SP500 0.6% DOW 0.2% NASDAQ 1.0%. A year ago in third quarter 2018, the freight and rate market conditions were the best in decades. (2) During third quarter 2018, we reached a favorable settlement related to a property tax dispute that reduced taxes and licenses expense by $4,900, for property taxes that were previously expensed and paid over a multi-year period. We subtract the insurance and claims jury verdict expense accrual and related interest and add the gain on sale of real estate and the property tax settlement to (a) to arrive at adjusted operating expenses, which we subtract from operating revenues to arrive at (b) adjusted operating income. Year-to-date 2019 net capital expenditures are $271.7 million, and we expect fourth quarter 2019 net capital expenditures to be very low. The effective income tax rate during the quarter was 25.2% compared to a 24.8% effective income tax rate in second quarter 2018. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. One-Way Truckload The logistics operating margin decreased 120 bps to 2.5%, although we began to gain efficiencies from our investments in decision-making technologies enabling us to lower our other operating expenses. Revenue; Transportation: Transportation - Truck: $3.133B: $2.372B: Werner Enterprises, Inc. is a premier transportation and logistics company. In early July 2019, we fixed the interest rate for $150 million of our debt that was outstanding as of June 30, 2019 at an average interest rate of 2.34% through May 2024. Werner Investor Relations You must click the activation link in order to complete your subscription. P.O. As such, we accrued $0.8 million of insurance and claims expense, or $0.01 per share, during the second quarter of 2019 for post-judgment interest related to this jury verdict. Net income of $39.0 million decreased 18%. Diluted EPS in third quarter 2018 included a $0.03 per share accrual of insurance and claims expense for interest and legal fees related to the same May 2018 jury verdict and a $0.05 per share reduction of taxes and licenses expense after reaching a favorable settlement of a property tax dispute, for property taxes that were previously expensed and paid over a multi-year period. In third quarter 2019, Logistics revenues declined 6% to $121.3 million, due to significantly lower Intermodal volume impacted by a delayed peak season and excess trucking capacity in the market compared to third quarter 2018. We calculate adjusted income tax expense by applying the incremental income tax rate excluding discrete items to the net pre-tax adjustments and adding this additional income tax to actual income tax expense. Terms and Conditions, Werner Enterprises Reports Third Quarter 2019 Results, Governance Documents & Committee Composition. Good afternoon, and welcome to the Werner Enterprises first-quarter 2019 earnings conference call. Net capital expenditures have returned to normalized levels in 2019 after achieving our desired fleet age. After submitting your request, you will receive an activation email to the requested email address. Careers, Dedicated Become a Carrier Werner Enterprises to Announce Fourth Quarter and Full Year 2019 Earnings and Host Earnings Call on February 5 Download PDF format download (opens in new window) December 23, 2019 ET. Expedited Temperature-Controlled Apply Actual results could also differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. View Werner Enterprises stock / share price, financial statements, key ratios and more at Craft. The Omaha, Nebraska-based company reported net income for the first nine months of 2019 … Please mention to the operator that you are dialing in for the Werner Enterprises call. (2) During second quarter 2018, we sold a parcel of real estate which resulted in a $3,495 pre-tax gain on sale. If you experience any issues with this process, please contact us for further assistance. Diluted earnings per share (EPS) for the quarter of $0.62 increased 17%. The Company is appealing this verdict. The Company assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. This item is included in our Segment Information table in “Corporate” operating income. Blog, Freight Quote We are so proud of these drivers and all of our drivers who safely # KeepAmericaMoving! Gains on sales of equipment were $4.1 million, or $0.04 per share, compared to $4.6 million, or $0.05 per share, in the prior-year quarter. We continue to invest in new trucks and trailers and our terminals to improve our driver experience, increase operational efficiency and more effectively manage our maintenance, safety and fuel costs. (1) Under the terms of our insurance policies, we are the primary obligor of the damage award in the previously mentioned adverse jury verdict, and as such, we have recorded a $79.2 million receivable from our third party insurance providers in other non-current assets and a corresponding liability of the same amount in the long-term portion of insurance and claims accruals in the unaudited condensed balance sheets as of June 30, 2019 and December 31, 2018. Contact Box 45308 Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. Werner Investor Relations P.O. During the third quarter, freight demand in our One-Way Truckload fleet was seasonally below average and well below the unusually strong freight demand of third quarter 2018, which was aided by two December 2017 mandates. P.O. For the full year, Werner Enterprises reported net income of $169.1 million, $2.44, on revenue of $2.37 billion compared with net income of $166.9 million, $2.38, on revenue of $2.46 billion in 2019. Advantages Source: GlobeNewswire Press Release: Werner Enterprises : Werner Enterprises Named a 2019 FL100+ Top Software and Technology Provider OMAHA, Neb., Dec. 18, 2019 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is honored to be named a 2019 FL100+ Top Software and Technology Provider by Food Logistics for the sixth consecutive year. (4) Our definition of the non-GAAP measures adjusted operating income, adjusted net income and adjusted diluted earnings per share begins with (a) operating expenses, the most comparable GAAP measure. Werner Enterprises, Inc. will conduct a conference call to discuss first quarter 2019 earnings today beginning at 4:00 p.m. CT. Box 45308 All participants will be in listen-only mode. The average Werner Enterprises salary ranges from approximately $32,307 per year for Customer Service Representative to $100,870 per year for Java Developer. Custom Solutions, Advantages We subtract (c) total other expense (income) from (b) adjusted operating income to arrive at (d) adjusted income before income taxes. Net capital expenditures in second quarter 2019 were $79.0 million compared to $119.3 million in second quarter 2018, a decrease of 34%. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Temperature-Controlled, 2019. Pricing in the market for our used trucks and trailers began to moderate in the latter part of second quarter 2019 and continued in third quarter 2019. St. Paul, MN 55164-0854 We had $390 million of debt outstanding as of June 30, 2019, and after considering letters of credit issued, had available remaining borrowing capacity of over $150 million. Login, Drive Blue Average Werner Enterprises weekly pay … Contact:John J. SteeleExecutive Vice President, Treasurerand Chief Financial Officer(402) 894-3036. Read full article » Omaha, Neb.-based Werner Enterprises reported net income of $46.3 million in the third quarter, up from $39 million during the third quarter of 2019. During the second quarter, freight demand in our One-Way Truckload fleet was seasonally below average and well below the unusually strong freight demand of second quarter 2018, which was aided by two December 2017 mandates. Revenues increased 2% due to a 5.2% increase in average trucks in service, partially offset by a 1.0%  decrease in average revenues per truck and a $5.5 million decrease in fuel surcharge revenues. OMAHA, Neb., June 27, 2019 (GLOBE NEWSWIRE) - Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, will release its second quarter 2019 earnings on Thursday, July 25, 2019, after the market close. One-Way Truckload demand, while still lower than the same period a year ago, showed slight seasonal improvement sequentially in September 2019, which has continued into October 2019. Revenue from enterprise mobile subscriptions in Sweden 2006-2019 The most important statistics Average monthly private mobile subscription revenue in Sweden 2006-2019 Logistics revenues improved sequentially in second quarter 2019 compared to first quarter 2019 by $13.5 million. (1) During third quarter 2019, we accrued $799 of pre-tax insurance and claims expense for interest, and during third quarter 2018, we accrued $2,789 of pre-tax insurance and claims expense for interest and legal fees related to a previously disclosed excess adverse jury verdict rendered on May 17, 2018 in a lawsuit arising from a December 2014 accident. As a result of our continued investment, the average age of our truck fleet remains low by industry standards and decreased to 1.8 years as of June 30, 2019 compared to 1.9 years as of June 30, 2018. Under our insurance policies in effect on the date of this accident, our maximum liability for this accident is $10.0 million (plus pre-judgment and post-judgment interest) with premium-based insurance coverage that exceeds the jury verdict amount. Werner Enterprises revenue from 2006 to 2020. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. A replay of the conference call will be available on October 24, 2019 at approximately 6:00 p.m. CT through November 24, 2019 by dialing (877) 344-7529 (domestic) or (855) 669-9658 (Canada) or (412) 317-0088 (international) and using the access code 10129127. Under our insurance policies in effect on the date of this accident, our maximum liability for this accident is $10.0 million (plus pre-judgment and post-judgment interest) with premium-based insurance coverage that exceeds the jury verdict amount. Adjusted operating margin of 8.8% declined 90 basis points from 9.7% for the same quarter last year. Diluted EPS in second quarter 2019 included a $0.01 per share insurance and claims accrual for interest on a previously disclosed May 2018 jury verdict that we are appealing. Transportation and logistics provider Werner Enterprises’ (NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L “CL” Werner stepped down from the executive chair seat on May 31.Werner will remain as chairman through his current term, which expires in May 2021. Get Started. Werner Enterprises, Inc. will conduct a conference call to discuss fourth quarter 2019 earnings today beginning at 4:00 p.m. CT. Truckload Logistics experienced double-digit volume growth; however, this was offset by rate pressure, led primarily by a nearly 20% transactional spot price decline and very few project freight opportunities in third quarter 2019. On a non-GAAP basis, adjusted EPS of $0.63 increased 3% from $0.61 for second quarter 2018. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. Omaha, NE 68145 Net income of $43.3 million increased 13%. Werner Enterprises (NASDAQ:WERN) Q3 2019 Earnings Call Oct 24, 2019, 5:00 p.m. Werner generated nearly $2.5 billion in revenue during 2019. Interest is accrued at $0.4 million per month until such time as the outcome of our appeal is finalized, excluding months where the plaintiffs have requested an extension of time to respond to our appeal. Such forward-looking statements are based on information presently available to the Company’s management and are current only as of the date made. St. Paul, MN 55164-0854 On a non-GAAP basis, adjusted net income declined 14% to $39.6 million compared to $45.9 million for the same quarter last year. Credit Application Net capital expenditures in third quarter 2019 were $109.3 million compared to $114.5 million in third quarter 2018, a decrease of 4%. Get the detailed quarterly/annual income statement for Werner Enterprises, Inc. (WERN). The adjusted net income is divided by the diluted shares outstanding to calculate the adjusted diluted earnings per share. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. This press release 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. You can sign up for additional alert options at any time. Find out the revenue, expenses and profit or loss over the last fiscal year. Terminals Additional information about the accident was included in our Current Report on Form 8-K dated May 17, 2018. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. (3) During second quarter 2018, we sold a parcel of real estate which resulted in a $3,495 pre-tax gain on sale. Interest expense of $1.4 million was $0.9 million higher than the same quarter a year ago due primarily to additional borrowings to pay a $261.1 million special dividend in June 2019. Opportunities Brokerage Standard Terms & Conditions Adjusted EPS increased $0.01 to … You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. This press release 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. Werner … Fund performance data provided by Lipper. You must click the activation link in order to complete your subscription. Available Loads “We are pleased to report another strong earnings quarter, the second highest third quarter earnings in our history. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. --Werner Enterprises Maintains Quarterly Dividend at $0.09 per Share, Payable Jan. 19 to Stockholders of Record Jan. 4 MT Newswires 11/17 16:13 ET Werner declares $0.09 dividend (1) Other includes our driver training schools, transportation-related activities such as third-party equipment maintenance and equipment leasing, and other business activities. Werner Enterprises Reports Fourth Quarter and Full Year 2019 Results 2/5/2020 Fourth Quarter 2019 Highlights (all metrics compared to fourth quarter 2018 unless otherwise noted) Total revenues of $621.8 million, down $24.6 million, or 4% Operating income of $65.7 million, down 12%; non-GAAP adjusted operating income of $63.4 million, down 14% Operating margin of 10.6%, down 100 basis … Management believes excluding the effect of this item provides a more useful comparison of our performance from period to period. The following table summarizes our updated 2019 guidance and assumptions: Werner Enterprises, Inc. will conduct a conference call to discuss third quarter 2019 earnings today beginning at 4:00 p.m. CT. Third Quarter 2019 Highlights Global Services Income after taxes can be defined as earnings or losses after income tax expense but before minority interest, extraordinary items, discontinued operations, preferred dividends and accounting changes have been accounted for. On a non-GAAP basis, adjusted operating income of $54.2 million decreased $7.1 million, or 12%. “Notwithstanding the current softer freight market and macroeconomic uncertainty, our five T’s strategy, combined with our balanced revenue portfolio of Dedicated, One-Way Truckload and Logistics, positions Werner to be successful in a variety of markets.