Every 10-Q that Werner Entprise (WERN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WERN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WERN filings page.
Werner Enterprises reported much weaker profitability for the quarter ended June 30, 2026 despite higher revenue. Operating revenues rose to $933.9 million, up 24% year over year, helped by the January acquisition of FirstFleet, but operating margin fell to 1.8% from 8.8%.
Net income attributable to Werner dropped to $6.4 million in the quarter and $2.1 million for the first six months of 2026, with diluted EPS of $0.11 and $0.03 versus $0.72 and $0.55 a year earlier. Management cites higher fuel, insurance and claims expenses, restructuring and impairment costs in the One-Way Truckload business, and the absence of a large prior-year insurance liability reversal as key pressures.
Werner closed the FirstFleet acquisition with a provisional GAAP purchase price of $214.8 million, including a $30.0 million contingent earnout, adding $169.1 million of Q2 revenue and $277.0 million year-to-date. Long-term debt increased to $793.0 million, including full utilization of the receivables facility, while borrowing capacity under the main credit agreement was $599.9 million. The company is restructuring its One-Way Truckload operations and has incurred cumulative restructuring and impairment charges of $48.3 million. It also recorded an $18.0 million class-action settlement liability, pending final court approval.
Werner Enterprises grew first-quarter 2026 operating revenues to $808.6 million, up 13.6% year over year, and turned a prior operating loss into operating income of $4.0 million. Net loss attributable to Werner narrowed to $4.3 million, or $(0.07) per share, from $(0.16) a year earlier.
The Truckload Transportation Services segment drove the improvement, with revenues rising to $594.3 million and operating income of $13.9 million, aided by the FirstFleet acquisition and One-Way Truckload restructuring. FirstFleet added $107.9 million of revenue and $1.9 million of net income.
Cash from operating activities increased to $83.5 million, while $184.8 million was invested in the FirstFleet deal as part of $194.0 million net cash used in investing. Total debt rose to $878.2 million. Werner also carries an $18.0 million class-action settlement liability and has incurred $44.2 million of cumulative costs for restructuring its One-Way Truckload business.
Werner Enterprises (WERN) reported a soft quarter with a swing to loss. Operating revenues were $771.5 million, up 3.5% year over year, but the company recorded an operating loss of $13.0 million and a net loss of $20.6 million, or $(0.34) per diluted share. The quarter reflected higher rent and purchased transportation and insurance costs, along with an $18.0 million class action settlement accrued in salaries, wages and benefits.
Segment results were mixed. Truckload Transportation Services posted a $13.8 million operating loss on $519.8 million of revenue, while Werner Logistics generated $3.0 million of operating income on $232.6 million of revenue. For the nine-month period, insurance expense benefited from a prior $45.7 million liability reversal tied to a June 27, 2025 Texas Supreme Court decision that ended a 2018 case in the company’s favor.
Liquidity remained solid. Operating cash flow was $119.5 million year to date, with capital additions of $164.6 million and $71.3 million of proceeds from equipment sales. Total debt rose to $725.0 million, including $300.0 million drawn under a receivables-backed Loan Security Agreement. After quarter-end, Werner amended the facility to $325.0 million and borrowed an additional $25.0 million.
Werner Enterprises reported mixed second-quarter results with stronger profits driven by non-recurring items despite slightly lower revenue. Consolidated operating revenue was $753.1 million for the three months ended June 30, 2025, down 1.0% from the prior year; operating income increased to $66.3 million from $19.6 million and net income rose to $43.6 million from $9.2 million, yielding diluted EPS of $0.72 versus $0.15 a year earlier. The Truckload Transportation Services segment generated $517.6 million of revenue and $64.1 million of operating income, while Werner Logistics produced $221.2 million of revenue and $4.3 million of operating income.
Balance sheet and liquidity items include cash and cash equivalents of $51.4 million, total assets of $2.946 billion, and total debt of $725.0 million with principal maturities of $430.0 million in 2027 and $295.0 million in 2028. Results were materially affected by a $45.7 million liability reversal from a favorable Texas Supreme Court decision and a $7.9 million favorable contingent earnout adjustment; management also executed new borrowing and interest-rate swap activity and established a receivables borrowing facility.