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Werner Enterprises Inc (WERN) Q1 2021 Earnings Call Transcript

Werner Enterprises Inc (WERN) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
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Werner Enterprises Inc (NASDAQ: WERN)
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Operator
Good afternoon and welcome to the Werner Enterprises First Quarter 2021 Earnings Conference Call. [Operator Instructions] Earlier this afternoon, the company issued an earnings release for its first quarter 2021 results and posted a slide presentation. These materials are available in the Investors section of the company s website at werner.com. Today s webcast is being recorded and will be available for replay beginning later this evening.
Before we begin, please direct your attention to the disclosure statement on Slide two of the presentation as well as the disclaimers in our earnings release related to forward-looking statements. Today s remarks contain forward-looking statements that may involve risks, uncertainties ....

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Werner Enterprises Reports Record Fourth Quarter and Full Year 2020 Operating Income

Total revenues of $620.3 million, flat YoY, up 5% sequentially
Operating income of $81.5 million, up 24% YoY, up 31% sequentially; non-GAAP adjusted operating income of $82.7 million, up 30% YoY, up 29% sequentially
Operating margin of 13.1%, up 250 bps YoY, up 260 bps sequentially; non-GAAP adjusted operating margin of 13.3%, up 310 bps YoY, up 240 bps sequentially
Diluted EPS of $0.88, up 26% YoY, up 31% sequentially; non-GAAP adjusted diluted EPS of $0.89, up 33% YoY, up 29% sequentially
OMAHA, Neb., Feb. 04, 2021 (GLOBE NEWSWIRE) Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, today reported record operating income for the fourth quarter and year ended December 31, 2020.
“Werner produced strong results in the fourth quarter by safely delivering superior on-time service to our customers,” said Derek J. Leathers, Vice Chairman, President and Chief Executive Officer. “I have never been mo ....

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