Werner Entprise Stock Price, News & Analysis

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.

Werner Enterprises, Inc. (Nasdaq: WERN) declared a quarterly cash dividend of $0.13, representing an 8% increase from the prior dividend of $0.12. This dividend will be paid on July 19, 2022, to stockholders recorded by July 5, 2022. Since July 1987, Werner has consistently provided quarterly dividends. The company reported 2021 revenues of $2.7 billion and operates a significant fleet, delivering truckload transportation and logistics services across North America.

Werner Enterprises (Nasdaq: WERN) has appointed Michelle D. Livingstone to its Board of Directors, expanding the board from eight to nine members as of May 10, 2022. Livingstone brings over 30 years of supply chain and transportation experience, previously serving as VP - Transportation for The Home Depot. Her appointment enhances the company's female board representation to 44% and overall diversity to 56%. She will contribute to the Audit Committee, Nominating and Corporate Governance Committee, and ESG Committee, emphasizing a commitment to diversity and sustainability.

Werner Enterprises (Nasdaq: WERN) has been recognized as a "3+" company by 50/50 Women on Boards for having three or more women on its board of directors, making up 43% of its independent board members. This recognition highlights the company's commitment to gender diversity, which is linked to increased profitability and engagement. CEO Derek Leathers emphasized the importance of diverse perspectives in strategic decision-making. With 2021 revenues of $2.7 billion, Werner continues to be a leader in transportation and logistics, serving customers across North America.

Werner Enterprises reported a strong performance for Q1 2022, with total revenues reaching $764.6 million, marking a 24% year-over-year increase. The operating income increased by 34% to $83.5 million, while the operating margin improved by 80 basis points to 10.9%. Notably, diluted EPS rose 20% to $0.82. The Truckload Transportation Services segment saw substantial growth, contributing $558.4 million to revenues. Despite challenges in labor and expenses, the company demonstrated resilience with solid margins and robust cash flow from operations of $155 million.

TuSimple (Nasdaq: TSP) announced an integration with Werner Enterprises to enhance roadside support for customers using driver-out autonomous trucks on its Autonomous Freight Network (AFN). This partnership allows for immediate assistance across a 11,200-mile network from Arizona to Florida. TuSimple's mission emphasizes safe, efficient, and reliable service, with Werner's 24/7 support playing a vital role. This integration is part of the TuConnect platform, underscoring the strategic expansion of TuSimple's operations in the autonomous freight transportation sector.