Werner Enterprises Reports Q4 Earnings, Misses Wall Street Expectations
OMAHA, Neb., March 3, 2023 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (NASDAQ: WERN) today announced its financial results for the fourth quarter ended December 31, 2022.
Fourth Quarter Highlights:
* Net income of $11.9 million, or $0.19 per share
* Adjusted earnings per share of $0.08
* Revenue of $754.7 million
* Missed analysts' consensus earnings estimate of $0.21 per share
* Missed analysts' consensus revenue estimate of $772 million
Full Year Highlights:
* Net income of $34.2 million, or $0.55 per share
* Revenue of $3.03 billion
"We faced challenges in the fourth quarter due to a decline in freight demand and increased operating costs," said President and CEO Derek Leathers. "Despite these headwinds, our team remained focused on providing superior service to our customers and improving our efficiency."
Werner Enterprises is a premier transportation and logistics provider offering a wide range of services including truckload, dedicated, intermodal, and logistics. The company operates in North America, Europe, Asia, and South America.
Investor Contact:
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