Werner Enterprises, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 06, 2024 at 04:06 pm EST
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Werner Enterprises, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 821.95 million compared to USD 861.49 million a year ago. Net income was USD 23.57 million compared to USD 60.17 million a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.94 a year ago.
For the full year, sales was USD 3,283.5 million compared to USD 3,289.98 million a year ago. Net income was USD 112.38 million compared to USD 241.26 million a year ago. Diluted earnings per share from continuing operations was USD 1.76 compared to USD 3.74 a year ago.
Werner Enterprises, Inc. is a transportation and logistics company, which is engaged primarily in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company has two segments: Truckload Transportation Services (TTS) and Werner Logistics. TTS segment consists of Dedicated and One-Way Truckload. Dedicated has 5,265 trucks and provides truckload services dedicated to a specific customer, generally for a retail distribution center or manufacturing facility, utilizing either dry van or specialized trailers. One-Way Truckload has 2,735 trucks and includes various operating fleets, such as the medium-to-long-haul van (Van) fleet, the expedited (Expedited) fleet, the regional short-haul (Regional) fleet and the Temperature Controlled fleet. Werner Logistics segment is a non-asset-based transportation and logistics provider. The segment provides services throughout North America.
WERNER ENTERPRISES, INC. 
