Werner Entprise Stock Price, News & Analysis

Werner Enterprises reported strong fourth quarter 2021 results, with total revenues of $765.2 million, up 23% year-over-year. Operating income rose to $98.5 million, a 21% increase, while diluted EPS reached $1.15, up 31%. The company's truckload and logistics segments saw growth, with truckload revenues increasing 19% and logistics revenues rising 42%. Despite severe capacity challenges and rising costs, Werner's strategic acquisition of NEHDS Logistics is expected to enhance its final mile delivery services.

Werner Enterprises (NASDAQ: WERN), a top transportation and logistics provider, announces its participation in major investment conferences in February 2022. Key events include:

• Stifel 2022 Virtual Transportation & Logistics Conference: February 9, featuring CEO Derek J. Leathers.
• Citi’s 2022 Global Industrial Tech and Mobility Conference: February 22 in Miami, with CFO John J. Steele.
• Barclays Industrial Select Conference: February 23 in Miami.

Live webcasts will be available on the Werner website, and investor materials will be published prior to the conferences.

Werner Enterprises (Nasdaq: WERN) and Cummins Inc. (NYSE: CMI) will collaborate to integrate Cummins' new 15-liter natural gas and hydrogen internal combustion engines into Werner's fleet starting in late 2022. This initiative aims to enhance sustainability and reduce carbon emissions within the transportation sector. The natural gas engine, featuring up to 500 horsepower and 1,850 ft-lbs of torque, is designed to meet strict emission standards without requiring selective catalytic reduction. Cummins' hydrogen engine offers adaptability for zero-carbon fuel options, promoting a transition to zero-emission transport.

Werner Enterprises (NASDAQ: WERN) will announce its fourth quarter and full year 2021 earnings on February 3, 2022, post-market close. A conference call discussing the results and 2022 outlook is scheduled for the same day at 4:00 p.m. CT. Investors can access the earnings release, conference call, and slide presentation on the company's website. Werner offers truckload transportation and logistics services across North America, reporting $2.4 billion in revenue for 2020.

Werner Enterprises (Nasdaq: WERN) has integrated the Decisiv Service Relationship Management (SRM) platform into its Werner EDGE API applications, becoming the first carrier to do so. This integration expands its repair network to over 13,000 shops, enhancing operational efficiency by automating repair estimates, which saves an estimated 15 minutes per order. Executive VP Daragh Mahon emphasized the positive impact on response times and customer service. This move reflects Werner's commitment to leveraging technology for improved safety and driver satisfaction.

Werner Enterprises has acquired NEHDS Logistics for $64 million, strengthening its Final Mile delivery capabilities across the Northeast, Midwest, Mid-Atlantic, and Southeast regions. NEHDS, achieving annual revenues of $71.4 million with a growth rate of 27%, will integrate into Werner's existing delivery network, enhancing service offerings for big and bulky products. The acquisition is expected to be accretive to Werner's earnings in 2022, leveraging NEHDS's skilled workforce and customer relations for operational synergies.

Werner Enterprises (Nasdaq: WERN) has received multiple Military Friendly designations for 2022, including the Gold Award and ranking as a Top 10 Military Spouse Friendly Employer. These honors reflect the company’s commitment to providing sustainable career paths for veterans and military spouses, alongside efforts in workforce development.

CEO Derek Leathers emphasized the importance of supporting military personnel in their career transitions, marking it as a priority for the company.

Werner Enterprises, Inc. (NASDAQ: WERN) has declared a quarterly cash dividend of $0.12 per share, payable on January 18, 2022, to shareholders of record by January 3, 2022. The company has consistently paid dividends since July 1987. Additionally, the Board approved a new stock repurchase program allowing the repurchase of up to 6 million shares, withdrawing the previous authorization which had 1.5 million shares left. The repurchase strategy reflects the company's intent to enhance shareholder value amid market conditions.