Snapshot
Werner Enterprises Inc reported $809M of revenue in Q1 2026, up 13.6% year over year, with diluted EPS of $-0.07 and an operating margin of 0.5%.
- Revenue
- $809M
- YoY growth
- +13.6%
- Diluted EPS
- $-0.07
- Operating margin
- 0.5%
$809M
Revenue
+13.6%
YoY growth
$-0.07
Diluted EPS
0.5%
Operating margin
01 Key takeaways
What management said
- •Earlier today, we issued our earnings release with our first 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.
- •Throughout this extended freight downturn, we have taken measured steps to position Werner for profitable long-term growth through our operational excellence and our commitment to safety and service.
- •More specifically, in January, we expanded our dedicated offering through the acquisition of FirstFleet, adding scale, density, and exposure to more resilient customer verticals, including grocery and food and beverage.
- •As the supply and demand dynamic tightens, we are seeing rate lift and early positive momentum in the bid season.
- •Taken together, these actions, including our FirstFleet acquisition, One-Way restructuring, and yield improvements, have strengthened our business and provides a line of sight to earnings growth this year.
- •We remain confident in capturing the full $18 million in cost synergies mid-next year, which we expect will improve FirstFleet's operating margin by approximately 300 basis points.
- •We are already seeing revenue synergies, including accelerated fleet startups, project opportunities, and increased backhaul.
- •Top-line metrics show positive inflection, with strong improvement in dedicated revenue per truck per week and One-Way trucking revenues per total mile.
- •Strong execution of these initiatives led to One-Way revenue per truck per week increasing 9.6%, reflecting the combined effect of our restructuring and pricing actions.
- •One-Way Truckload revenue per total mile benefited from a smaller, more targeted fleet, intentionality to replace less profitable freight, stronger spot rates, and contractual rate increases secured through bid season.
SourcesCompany financials · earnings call
Last updated