Werner reports Q4 adjusted EPS 8c, consensus 22c

Reports GAAP EPS 19c. Reports Q4 revenue $754.7M, consensus $763.07M. “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.”