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Werner Enterprises (WERN)
NASDAQ:WERN
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.12Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of strategic progress and near-term challenges. Highlights include the accretive First Fleet acquisition (adds scale, $615M LTM revenue, 2,400 tractors), clear synergy opportunities ($18M annual cost synergies), meaningful dedicated growth and technology-driven cost savings (~$150M of structural savings over three years, Edge TMS migration). However, near-term profitability and cash generation remain constrained: Q4 adjusted operating margin was only 1.5%, adjusted EPS $0.05, a Q4 $44.2M restructuring charge (mostly non-cash), logistics margin compression from surging purchase transportation costs, and weather-driven operational disruption in Q1. Management’s tone is constructive and forward-looking — they expect material earnings improvement in 2026 (with a Q2 inflection), confident synergy realization from First Fleet, and durable long-term benefits from a larger dedicated footprint and technology investments. Overall, strategic positives (scale, synergies, tech, dedicated growth) are weighed against short-term margin and cash flow pressures and restructuring impacts.Company Guidance
Strategic Acquisition of First Fleet
Acquired First Fleet for $282.8M ( $245M for operating company, $37.8M for real estate). First Fleet brings ~$615M trailing twelve-month revenue, ~2,400 tractors, is immediately EPS accretive, and provides $18M of identified annual cost synergies (~1/3 realizable in 2026 with two-thirds run-rate by year-end). The deal expands combined revenue to ~$3.6B (from ~ $3.0B standalone) and increases Dedicated to >50% of portfolio (from 43%).
Dedicated Business Growth and Scale
Dedicated revenues rose low-single-digits in the quarter; average dedicated trucks increased 2.4% year-over-year (to 4,954) and sequentially 1.8%. Dedicated comprised 65% of TTS trucking revenue (up from 63%), and the First Fleet acquisition grows Dedicated by ~50%, improving revenue stability and portfolio resilience. Full-year average truck fleet guidance (including First Fleet) is +23% to +28%.
Technology Migration and Cost Reductions
Cloud-based Edge TMS migration progressed (95% of One Way loads and 85% of Dedicated trips on Edge by 2025). Company reduced costs by ~ $150M over the last three years (majority structural). Q4 OpEx excluding certain items fell 5% year-over-year. Truckload logistics personnel costs declined 15% YoY in Q4.
Logistics Segment Momentum (Intermodal & Final Mile)
Intermodal revenues increased ~24% in Q4 (double-digit growth), Final Mile revenues increased 4% YoY and are described as the strongest momentum since inception. Logistics revenues in Q4 were $208M (28% of total) and both intermodal and final mile exited 2025 in growth mode.
Capital Allocation and Liquidity Position
Ended year with $60M cash, total liquidity of $702M (including $642M available on credit facilities). Operating cash flow was $62M in Q4 and $182M for the full year. Full-year CapEx was $163M (<6% of revenue) and net CapEx declined ~31% YoY. Management maintains a balanced capital allocation approach and expects First Fleet to be cash flow accretive.
Clear 2026 Guidance and Targets
Company provided 2026 guidance including First Fleet: average truck fleet +23% to +28% (FY), net CapEx $185M–$225M, Dedicated revenue per truck per week guidance -1% to +2%, One Way revenue per total mile H1 flat to +3%, effective tax rate 25.5%–26.5%, and net interest expense $40M–$45M.
WERN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WERN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $37.87 | $34.76 | -8.21% |
Oct 30, 2025 | $25.27 | $26.08 | +3.19% |
Jul 28, 2025 | $28.33 | $27.54 | -2.80% |
Apr 29, 2025 | $27.26 | $24.30 | -10.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Werner Enterprises (WERN) report earnings?
Werner Enterprises (WERN) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Werner Enterprises (WERN) earnings time?
Werner Enterprises (WERN) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WERN EPS forecast?
WERN EPS forecast for the fiscal quarter 2026 (Q1) is -0.01.