Werner Entprise Stock Price, News & Analysis

Werner Enterprises, a leading transportation and logistics provider, announced its participation in two upcoming investment conferences. The Susquehanna Virtual Industrials, Energy & Airline Conference is scheduled for August 11, 2022, and the Cowen Virtual Global Transportation & Sustainable Mobility Conference will take place on September 7, 2022. Key executives, including CEO Derek J. Leathers and CFO John J. Steele, will speak during the Cowen conference. Investor materials will be available on the company’s website before each event. Werner generated revenues of $2.7 billion in 2021.

Werner Enterprises (Nasdaq: WERN) announced the retirement of John J. Steele, EVP, Treasurer, and CFO, after 33 years with the company. Steele, who has served as CFO for 25 years, will assist in the transition to his successor. Chairman Derek J. Leathers praised Steele's contributions and leadership in positioning Werner as a leading transportation and logistics provider. The company is now in search of a new CFO while Steele remains in his roles to ensure a smooth transition. Werner achieved $2.7 billion in revenue in 2021 and is committed to sustainability and diversity.

Werner Enterprises reported Q2 2022 revenues of $836.3 million, up 29% YoY, with a diluted EPS of $1.12, a 6% increase. Operating income fell 3% to $74.9 million, reflecting unexpected insurance costs rising $20.3 million due to prior accident claims. The Truckload Transportation Services segment saw revenue growth of 25%, but operating income decreased by 12% amid rising costs. Conversely, Werner Logistics achieved an operating income increase of 218%. The company plans to invest in new equipment amid a 2% to 5% growth outlook for truck capacity.

Werner Enterprises (Nasdaq: WERN) has reached a $150M settlement concerning a tragic motor vehicle accident lawsuit in Texas. The incident, which occurred in May 2020, involved a Werner truck striking a parked passenger vehicle, resulting in the deaths of two children left inside. Although Werner disputes the allegations, they opted for a settlement to prevent protracted litigation and potential larger 'nuclear verdicts.' The settlement will be covered by Werner and its insurers. The company maintains its commitment to safety and responsibility in operations.

Werner Enterprises, Inc. (Nasdaq: WERN) will announce its second quarter earnings on August 3, 2022, post-market. An earnings conference call will follow at 4:00 p.m. CT to discuss the results and updated outlook for 2022. The call can be accessed by dialing (844) 701-1165 for domestic callers or (412) 317-5498 for international participants. A replay will be available from 6:00 p.m. CT on August 3 until September 3, 2022. Werner, a leader in truckload transportation and logistics, reported revenues of $2.7 billion in 2021 and remains committed to sustainability and diversity.

Werner Enterprises (Nasdaq: WERN) has been recognized as a 2022 Green Supply Chain Partner by Inbound Logistics, marking the 10th consecutive year on this list. The acknowledgment highlights Werner's commitment to sustainability, having reduced its carbon footprint by over 3.7 million tons and conserved more than 333 million gallons of fuel since 2007. The company has also been awarded the SmartWay Excellence and High Performer Awards for five consecutive years, showcasing its dedication to efficient and environmentally friendly supply chain solutions.

Werner Enterprises (Nasdaq: WERN) has been honored with three awards from Dollar General, including Dedicated Partner of the Year, Fresh Operation of the Year, and Traditional Site of the Year. This recognition highlights Werner's commitment to exceptional service and safety. Notably, this is the fifth consecutive year Werner has received the Dedicated Partner of the Year award, while the other two awards mark a new achievement. The awards were accepted by Werner’s Operations Management Team at Dollar General's Store Support Center in Tennessee.

Werner Enterprises (Nasdaq: WERN) announced its participation in key investment conferences, including the Wolfe 15th Annual Transportation and Industrials Conference on May 25, 2022, and the KeyBanc Industrials & Basic Materials Conference on June 1, 2022. The Wolfe conference features a fireside chat with top executives, including John J. Steele and Chris C. Neil, available via live webcast. Werner's 2021 revenues reached $2.7 billion, showcasing its leadership in transportation and logistics across North America. For more details, investors can visit the Werner website for updates and materials.