NASDAQ$WERN

Werner Enterprises Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Werner achieved record first quarter operating income and earnings per share through superior operational execution.

Werner Enterprises reported record first quarter operating income and diluted earnings per share for the quarter ended March 31, 2021. Total revenues were $616.4 million, up 4%. Operating income was $62.5 million, up 101%, and diluted EPS was $0.68, up 106%.

  • Total revenues of $616.4 million, up 4%.
  • Operating income of $62.5 million, up 101%; non-GAAP adjusted operating income of $62.7 million, up 68%.
  • Operating margin of 10.1%, up 490 bps; non-GAAP adjusted operating margin of 10.2%, up 390 bps.
  • Diluted EPS of $0.68, up 106%; non-GAAP adjusted diluted EPS of $0.68, up 72%.

Headline financials

Total Revenue

$616M

Previous: $593M+4.0%
EPS (adj)

$0.68

Previous: $0.40+70.0%
Capital Expenditures

-$82.6M

Previous: -$57.2M-44.2%
Free Cash Flow

-$36.1M

Previous: -$34.2M-5.5%
Net Income

$46.5M

Previous: $23.1M+101.6%
Operating Income

$62.5M

Previous: $31.1M+101.1%
Gross Profit

$471M

Previous: $435M+8.2%
Cash & Equivalents

$83.1M

Previous: $72.2M+15.1%
Total Assets

$2.23B

Previous: $2.09B+6.7%
Stock-Based Comp

$2.5M

Previous: $2.41M+4.0%

Revenue & EPS history

Werner · Revenue · Quarterly

$616M

Q1 2021+4%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Werner · $601M total across 2 segments · Q1 2021

  • Truckload Transportation Services
    $463M-0.4%
  • Werner Logistics
    $138M+22.9%

Forward guidance

The following table summarizes our updated 2021 guidance and assumptions:

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 2021

Historical avgQ1 2021

+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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