Business
Werner Enterprises Reports Fourth Quarter and Annual 2024 Results
Fourth Quarter 2024 Highlights (all metrics compared to fourth quarter 2023) Total revenues of $754.7 million, down 8% Operating income of $13.4 million,
About this update from Werner Enterprises, Inc.
[{"type":"text","content":"\nFourth Quarter 2024 Highlights (all metrics compared to fourth quarter 2023)\n\n\n\nTotal revenues of $754.7 million, down 8%\n\n\n\nOperating income of $13.4 million, down 65%; non-GAAP adjusted operating income of $12.2 million, down 69%\n\n\n\nOperating margin of 1.8%, down 280 basis points; non-GAAP adjusted operating margin of 1.6%, down 320 basis points\n\n\n\nDiluted EPS of $0.19, down 48%; non-GAAP adjusted diluted EPS of $0.08, down 80%\n\n\n\n2024 Highlights (all metrics compared to 2023)\n\n\n\nTotal revenues of $3.03 billion, down 8%\n\n\n\nOperating income of $66.1 million, down 63%; non-GAAP adjusted operating income of $73.7 million, down 61%\n\n\n\nOperating margin of 2.2%, down 320 basis points; non-GAAP adjusted operating margin of 2.4%, down 340 basis points\n\n\n\nDiluted EPS of $0.55, down 69%; non-GAAP adjusted diluted EPS of $0.53, down 73%\n\n\n\n OMAHA, Neb.--(BUSINESS WIRE)--\nWerner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the fourth quarter and year ended December 31, 2024.\n\n\n“The fourth quarter included several puts and takes that are more one-time in nature. While the freight market continues to present challenges, fourth quarter provided early signs of an improving environment. One-Way revenue per total mile increased year-over-year for the second consecutive quarter. Peak season was better than expected with peak volumes that were two times last year at higher rates. Dedicated average fleet size grew sequentially, and we are proud of the numerous Carrier of the Year awards during 2024 from Dedicated customers. Our Logistics division reported adjusted operating income that improved sequentially and represented the best quarter of the year,” said Derek Leathers, Chairman and CEO. “While our fourth quarter insurance expense was elevated due to unfavorable development on large dollar claims, our safety metrics remain near record low levels. During this downturn, we have focused on controlling what we can by investing in ourselves and making strategic decisions that position us favorably for creating long-term value for our shareholders as conditions improve.”\n\n\nTotal revenues for the quarter were $754.7 million, a decrease of $67.3 million compared to the prior-year quarter, due to a $52.8 million, or 9%, decrease in Truckloa...