Earnings summary

Werner Enterprises Inc Q3 2025 results

Reported 2025-10-30Full transcript →

Snapshot

Werner Enterprises Inc reported $771M of revenue in Q3 2025, up 3.5% year over year, with diluted EPS of $-0.34 and an operating margin of -1.7%.

Revenue
$771M
YoY growth
+3.5%
Diluted EPS
$-0.34
Operating margin
-1.7%
$771M
Revenue
+3.5%
YoY growth
$-0.34
Diluted EPS
-1.7%
Operating margin
01 Key takeaways

What management said

  • Earlier today, we issued our earnings release with our third quarter results.
  • Please see the disclosure statement on slide two of the presentation, as well as the disclaimers in our earnings release related to forward-looking statements.
  • A reconciliation to the most directly comparable GAAP measures is included in the tables attached to the earnings release and in the appendix of the slide presentation.
  • In logistics, we continue the double-digit growth trajectory with lower operating costs year-over-year, despite some anticipated change in mix.
  • In one-way trucking, revenue per total mile increased, the fifth consecutive quarter of year-over-year improvement, and in dedicated, revenue grew sequentially year-over-year as momentum continued from recent business awards and startups.
  • Moving to slide five, our focus remains on three overarching priorities: driving growth in core business, driving operational excellence as a core competency, and driving capital efficiency.
  • We've been awarded several new fleets, and the pipeline remains strong with momentum growing in new and attractive end markets of choice.
  • All logistics divisions produced top-line growth the past two consecutive quarters, with Intermodal achieving its highest quarterly revenue in 11 quarters.
  • Despite the challenging operating environment, we continue to generate solid operating cash flow, maximize value on the sale of used equipment, and invest for growth.
  • These costs represent a $0.26 negative impact to GAAP EPS but are removed as part of adjusted EPS.
  • In One-Way Truckload, revenue per total mile increased sequentially and was up modestly again year-over-year.
  • However, gross margin was pressured as the conclusion of higher margin project work was replaced with contractual business.
Read the full Q3 2025 transcript
SourcesCompany financials · earnings call Last updated

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