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Werner says weather hits Q1 earnings; capacity 'cavalry' not coming


Werner says weather hits Q1 earnings; capacity ‘cavalry’ not coming
OEMs won’t be able to build more than replacement in 2021, Werner CEO says
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1,000 trucks per day have been sidelined due to winter storms (Photo: Jim Allen/FreightWaves)
Appearing at the Barclays Industrial Select Conference, management from Werner Enterprises (NASDAQ: WERN) said the negative impacts from recent winter storms would result in a 3- to 4-cent hit to first-quarter earnings.
The current consensus earnings estimate for the Omaha, Nebraska-based transportation and logistics provider is 67 cents per share.
Weather challenges
“Q1 weather has been a significant challenge to say the least,” said Derek Leathers, vice chairman, president and CEO of the 7,800-truck carrier. Poor weather has forced drivers to park their trucks, resulting in a freight backlog that could take a couple of weeks to unwind. The costs of paying drivers on downtime a ....

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Werner Enterprises, Inc. (NASDAQ:WERN) - Werner Says Weather Hits Q1 Earnings; Capacity 'Cavalry' Not Coming

Werner Enterprises, Inc. (NASDAQ:WERN) - Werner Says Weather Hits Q1 Earnings; Capacity 'Cavalry' Not Coming
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Johnson Controls Details SG&A Cost Reductions to Further Optimize Cost Structure and Updates FY21 Guidance


Johnson Controls Details SG&A Cost Reductions to Further Optimize Cost Structure and Updates FY21 Guidance
- Expects to deliver $300 million in annualized pre-tax savings by fiscal year-end 2023
- Broad-based SG&A actions focused on simplification, standardization, and centralization
- Additional opportunities to reduce COGS identified and will be detailed on or before fiscal Q2 call
- FY21 adjusted EPS guidance raised to $2.50 to $2.60; No change to fiscal Q2
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CORK, Ireland, Feb. 17, 2021 /PRNewswire/  Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today details multi-year SG&A actions designed to further optimize the overall cost structure, enhance operational efficiency and deliver meaningful margin expansion. These actions will deliver annualized savings of $300 million by fiscal year-end 2023 and are incremental to ongoing improvements in und ....

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Johnson Controls Details SG&A Cost Reductions to Further Optimize Cost Structure and Updates FY21 Guidance

Johnson Controls Details SG&A Cost Reductions to Further Optimize Cost Structure and Updates FY21 Guidance
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Lennox International to Present at Barclays Conference


Lennox International to Present at Barclays Conference
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DALLAS, Feb. 15, 2021 /PRNewswire/  Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, today announced that Chairman and CEO Todd Bluedorn is scheduled to present at the Barclays Industrial Select Conference, being held virtually, on Tuesday, February 16, beginning at 1:30 p.m. Eastern time. A live webcast and presentation materials can be accessed on the company s website at www.lennoxinternational.com.
About Lennox International
Lennox International Inc. is a global leader in energy-efficient climate-control solutions. Dedicated to sustainability and creating comfortable and healthier environments for our residential and commercial customers while reducing their carbon footprint, we lead the field in innovation with our air conditioning, heating, indoor air quality, and refrigeration systems. Le ....

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