Werner Entprise Stock Price, News & Analysis

Werner Enterprises, Inc. (NASDAQ: WERN) has declared a quarterly cash dividend of $0.13 per common share, payable on May 3, 2023. The record date for stockholders is April 17, 2023. This marks an unbroken dividend payment since July 1987. In 2022, Werner reported revenues of $3.3 billion and continues to provide industry-leading transportation and logistics services across the U.S., Mexico, and Canada. The company remains committed to sustainability and diversity, while leveraging its modern truck fleet and innovative Werner EDGE technology.

Werner Enterprises (Nasdaq: WERN) has appointed Christopher D. Wikoff as Executive Vice President, Treasurer, and Chief Financial Officer, effective April 18, 2023. Wikoff succeeds John J. Steele, who retires after 33 years with the company. With over 20 years in finance leadership, Wikoff aims to enhance Werner's financial discipline and support its DRIVE strategy. Previously, he held significant roles at West Technology Group and CommScope, contributing to major transformations and capital market activities. The transition is praised by Werner's leadership, reinforcing the company's commitment to stakeholder value.

Werner Enterprises reported its Q4 2022 results, revealing total revenues of $861.5 million, a 13% increase year-over-year. However, operating income declined by 10% to $88.4 million, with operating margin dropping 260 basis points to 10.3%. Diluted EPS was $0.94, down 18%. The full year saw total revenues rise 20% to $3.29 billion, but net income decreased 7% to $241.3 million. Strategic acquisitions, including ReedTMS Logistics and Baylor Trucking, were highlighted as significant moves during the quarter. The company aims to navigate a challenging market with a focus on its DRIVE strategy.

Werner Enterprises, Inc. (Nasdaq: WERN) has announced its participation in two key investment conferences. The Stifel 2023 Transportation and Logistics Conference will take place on February 8, 2023, in Amelia Island, Florida, featuring a fireside chat with executives including Chairman Derek J. Leathers. The Citi’s 2023 Global Industrial Tech and Mobility Conference is scheduled for February 21, 2023, in Miami, Florida, also with a fireside chat presented by Leathers and Senior Vice President Chris C. Neil. Live webcasts will be available on Werner's website, with archives accessible for 30 days post-event.

Werner Enterprises (NASDAQ: WERN) is set to release its fourth quarter and full year earnings on February 7, 2023, post-market close. A conference call discussing these results, along with the 2023 outlook, will commence at 4:00 p.m. CT. The earnings release and webcast will be accessible at www.werner.com. In 2021, the company reported revenues of $2.7 billion and is recognized for its truckload transportation and logistics services across the US, Mexico, and Canada.

Werner Enterprises (Nasdaq: WERN) has been recognized as a 2022 Top Green Fleet by Heavy Duty Trucking. This accolade highlights Werner's commitment to sustainability through fleet electrification, alternative fuels, and cleaner-burning engines. The recognition underscores Werner's aggressive ESG goals, which aim for significant industry impact. The awards are based on a comprehensive evaluation of sustainability initiatives and overall environmental footprint. The company reported revenues of $2.7 billion in 2021, showcasing its robust operational capacity.

Samsara Inc. (NYSE: IOT) has partnered with Werner Enterprises (NASDAQ: WERN), one of the largest transportation companies, to enhance driver safety and operational efficiency through its Connected Operations Cloud. Werner will utilize Samsara's AI Dash Cams for real-time incident detection and preventative coaching. With a fleet of over 8,500 trucks and 27,000 trailers, the collaboration aims to reduce costs and increase safety through data analytics. This move aligns with Werner's 'Cloud First' strategy, enhancing its technological capabilities in logistics.

Werner Enterprises (NASDAQ: WERN) has been named a 2022 “Top Food Chain Provider” by Food Chain Digest, recognizing its excellence in food transportation and logistics. This inaugural program evaluates logistics companies based on their service quality and contributions to food supply chain management. Craig Callahan, Werner's EVP, highlighted the importance of supporting the food supply. The company reported 2021 revenues of $2.7 billion and offers a range of transportation and logistics solutions across North America.