Werner Enterprises Inc - WERN STOCK NEWS

Werner Enterprises (NASDAQ: WERN) announced that its first two Freightliner eCascadia battery electric vehicles (BEVs) are now operational in Southern California. These vehicles aim to significantly reduce the company's carbon footprint, contributing to a sustainability goal of a 55% reduction in carbon emissions by 2035. Each BEV is projected to reduce carbon emissions by over 150,000 pounds annually. The company is also testing the charging infrastructure at its terminal in Fontana, California, to meet the varied charging needs. With revenues of $3.3 billion in 2022 and a focus on logistics services across North America, Werner continues to position itself as a leader in sustainable transportation.

Werner Enterprises (NASDAQ: WERN) is advancing its sustainability initiatives by testing the 2023 X15N Cummins natural gas engine in its fleet. This effort aims for a 55% reduction in carbon emissions by 2035. The X15N can significantly cut emissions when powered by renewable natural gas (RNG), a cleaner alternative to diesel. Cummins plans to begin production of this engine in 2024. Werner is partnering with Cummins and Peterbilt, emphasizing their commitment to environmental stewardship. In 2022, Werner reported revenues of $3.3 billion, with a strong focus on providing innovative logistics services across North America.

Werner Enterprises, Inc. (Nasdaq: WERN) will announce its first-quarter earnings on May 3, 2023, after market close. This will be followed by a conference call at 4:00 p.m. CT to discuss earnings results and the updated outlook for 2023. Interested parties can listen live via their website www.werner.com. A replay will also be available starting at approximately 6:00 p.m. CT on the same day and through June 3, 2023. Werner, a leading transportation and logistics provider, reported $3.3 billion in revenue for 2022 and serves customers across the U.S., Mexico, and Canada.

Werner Enterprises (NASDAQ: WERN) has achieved notable recognition as it ranks No. 3 on the Top 10 Military Friendly® Company list for 2023, the highest ranking in its history. The company employs around 20% veterans and is committed to enhancing its support programs for military personnel and their families. Additionally, Werner was ranked No. 1 as a Military Friendly® Spouse Employer, No. 3 as a Military Friendly® Brand, and No. 4 as a Military Friendly® Employer in November 2022. These awards underscore Werner's dedication to hiring and training veterans, bolstering its reputation in the transportation and logistics sector.

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.