Werner Entprise Stock Price, News & Analysis

Werner Enterprises (WERN) has declared a quarterly cash dividend of $0.13 per share, set to be paid on January 17, 2023, to stockholders of record by the close of business on January 3, 2023. This company has maintained a consistent dividend payout since July 1987, reflecting its commitment to returning value to its shareholders. With 2021 revenues amounting to $2.7 billion, Werner is recognized for its extensive services in truckload transportation and logistics across North America, alongside a strong focus on sustainability.

Werner Enterprises (NASDAQ: WERN) has been recognized as one of the 2022 “Top Companies for Women to Work For in Transportation” by the Women in Trucking (WIT) Association, marking its fifth consecutive year of this accolade. The company emphasizes its commitment to a diverse workforce, boasting a female driver population nearly double the national average at 13%. The award, based on a vote from over 22,000 industry professionals, highlights the company's efforts to create a supportive environment for women in both driving and corporate roles.

Werner Enterprises (NASDAQ: WERN) has received two notable Military Friendly® designations for 2023, ranking No. 1 as a Top 10 Military Friendly® Spouse Employer and No. 4 as a Top 10 Military Friendly® Employer. This marks the highest recognition for the company in these categories. With approximately 20% of its workforce being veterans, Werner emphasizes its commitment to supporting military personnel in their career transitions. The Military Friendly® designations are awarded to organizations that demonstrate a strong commitment to creating career opportunities for the military community.

Werner Enterprises (Nasdaq: WERN) has acquired 100% of Reed Transport Services and RTS-TMS, Inc. (ReedTMS), a logistics provider based in Tampa, Florida. The acquisition aims to enhance Werner's freight brokerage capabilities and diversify its customer base. ReedTMS reported revenues of $372 million in the past year, with a focus on food and beverage industries. This deal aligns with Werner's DRIVE strategy and is expected to be accretive to earnings per share in the first year. ReedTMS will continue to function as an independent business unit within Werner.

Werner Enterprises (WERN) reported Q3 2022 revenues of $827.6 million, an 18% increase year-over-year. Operating income rose to $76.3 million, up 7%, while diluted EPS decreased by 8% to $0.86. The company faced headwinds in the freight market but achieved strong performance in its Dedicated fleet. Despite a decrease in operating margin by 90 basis points to 9.2%, non-GAAP adjusted EPS increased by 14% to $0.90. Werner's acquisition of Baylor Trucking, contributing $81.5 million in recent revenues, strengthens its portfolio.

Werner Enterprises (Nasdaq: WERN), a leading transportation and logistics firm, announced its upcoming participation in significant investment conferences. On November 9, 2022, at the Baird 2022 Global Industrial Conference in Chicago, key executives will present from 1:10 p.m. to 1:40 p.m. CT. Following this, on November 15, 2022, at the Stephens Annual Investment Conference in Nashville, presentations will be held from 11:00 a.m. to 11:45 a.m. CT. Live webcasts will be available on the Werner website, and recordings will be accessible for 30 days after each event.

Werner Enterprises (Nasdaq: WERN) has successfully acquired Baylor Trucking, enhancing its footprint in the East Central and South Central U.S. truckload markets. The acquisition adds a fleet of 200 trucks and 980 trailers, boosting Werner's operations by 2.4%. Baylor, which reported $81.5 million in revenues for the year ending August 31, 2022, will continue operating as a standalone unit under its brand. CEO Derek Leathers emphasized the acquisition's alignment with Werner's DRIVE strategy, projecting immediate accretive financial benefits and increased operational synergies.

Kodiak Robotics and Werner Enterprises have partnered to establish an autonomous trucking lane, enhancing the efficiency of freight operations. Initiating in August 2022, a pilot program demonstrated 100% on-time delivery over four tours between Dallas and Lake City, Florida, with a total of 152 driving hours. Werner has joined Kodiak's Partner Deployment Program to integrate the Kodiak Driver into its fleet. This collaboration signifies a key advancement in the trucking industry, combining human and autonomous operations to improve logistics efficiency.

Werner Enterprises (WERN) will announce its third quarter earnings on November 2, 2022, post-market. A conference call to discuss these results and provide an updated outlook for 2022 will commence at 4:00 p.m. CT. The earnings release, along with a live webcast and slide presentation, will be accessible on the company’s website under the 'Investors' section. Werner, a leader in truckload transportation and logistics, reported $2.7 billion in revenues for 2021, showcasing its commitment to sustainability and customer service excellence.