NASDAQ$WERN

Werner Enterprises Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Werner Enterprises reported results that were impacted by the COVID-19 pandemic, with freight demand slightly below the prior year and a decrease in operating income.

Werner Enterprises reported a 1% decrease in total revenues to $592.7 million. Operating income decreased by 35% to $31.1 million, and diluted EPS decreased by 35% to $0.33. The results reflect the impact of the COVID-19 pandemic and a challenging freight market.

  • Total revenues decreased by 1% to $592.7 million.
  • Operating income decreased by 35% to $31.1 million.
  • Diluted EPS decreased by 35% to $0.33.
  • The company experienced above-normal demand for two to three weeks in March due to consumer purchasing of essential products.

Headline financials

Total Revenue

$593M

Previous: $596M-0.6%
EPS (adj)

$0.40

Previous: $0.52-23.1%
Capital Expenditures

-$57.2M

Previous: -$120M+52.4%
Free Cash Flow

-$34.2M

Previous: -$84.3M+59.4%
Net Income

$23.1M

Previous: $36.1M-36.1%
Operating Income

$31.1M

Previous: $48M-35.3%
Gross Profit

$435M

Previous: $445M-2.1%
Cash & Equivalents

$72.2M

Previous: $64.7M+11.6%
Total Assets

$2.09B

Previous: $2.12B-1.4%
Stock-Based Comp

$2.41M

Previous: $2.05M+17.3%

Revenue & EPS history

Werner · Revenue · Quarterly

$593M

Q1 2020-0.6%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Werner · $577M total across 2 segments · Q1 2020

  • Truckload Transportation Services
    $465M
  • Werner Logistics
    $112M

Forward guidance

The company withdrew its annual guidance for gains on sales of equipment due to very low demand in the used truck market and provided commentary on TTS truck growth and net capital expenditures.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.3%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+10.1%

Q1 2017

Best reaction

-9.7%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.8%-0.1%+20.7%
Q4 2025-8.2%-9.0%-18.7%
Q3 2025+1.3%+4.9%+0.7%
Q1 2025-1.4%-7.1%-6.4%
Q4 2024-0.6%-0.4%-7.1%
Q3 2024-2.3%-1.7%+6.0%
Q2 2024-0.3%-5.2%-6.9%
Q1 2024+1.3%+4.6%+5.7%
Q4 2023+5.9%+4.8%-1.5%
Q3 2023-0.9%+2.4%+12.7%
Q2 2023-1.3%-1.9%-10.5%
Q1 2023-1.2%-1.1%-3.2%
Q4 2022-1.3%-4.1%-4.0%
Q3 2022-6.6%-0.2%+11.2%
Q2 2022-0.8%+0.2%-5.9%
Q1 2022+7.2%+7.3%+4.0%
Q4 2021-1.4%-1.9%+0.2%
Q3 2021-2.8%-1.9%-2.6%
Q2 2021+2.4%+3.1%+6.9%
Q1 2021+4.7%+5.9%+7.7%
Q4 2020+2.2%+5.9%+14.6%
Q3 2020-3.3%-3.8%+1.1%
Q2 2020+4.5%+2.7%+9.8%
Q1 2020-2.0%-2.4%+8.6%
Q4 2019+5.5%+2.7%-11.4%
Q3 2019+3.0%+2.9%-3.3%
Q2 2019-1.2%+0.5%-8.6%
Q1 2019-1.1%-7.3%-18.7%
Q4 2018+2.2%+0.4%+0.5%
Q3 2018+0.4%+1.6%+0.3%
Q2 2018-8.1%-7.6%-5.6%
Q1 2018-5.1%-8.6%+0.0%
Q4 2017-5.0%-6.9%-13.1%
Q3 2017+0.7%-0.3%-4.8%
Q2 2017+5.4%+1.4%+6.3%
Q1 2017+10.1%+12.0%+4.9%
Q4 2016+2.0%+1.3%+3.6%
Q3 2016+1.3%+5.7%+18.9%
Q2 2016+5.2%+2.5%-0.5%
Q1 2016-9.7%
Q4 2015+4.2%
Q3 2015+2.5%
Q2 2015+5.4%
Q1 2015-3.6%
Q4 2014-5.2%
Q3 2014+5.1%
Q2 2014-2.3%
Q1 2014+2.0%
Q4 2013+1.1%
Q3 2013+0.6%
Q2 2013-5.2%
Q1 2013+0.5%
Q4 2012-2.7%
Q3 2012-0.3%
Q2 2012-0.2%
Q1 2012+1.0%
Q4 2011-0.6%
Q3 2011+2.5%
Q2 2011+2.5%
Q1 2010+1.1%
Q1 2011+2.9%
Q4 2010+1.6%
Q4 2008+1.6%
Q3 2010+2.1%
Q3 2009+2.1%
Q2 2009-3.8%
Q2 2010-3.8%
Q4 2009-3.8%

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