NASDAQ$WERN
Werner Enterprises Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Werner reported strong results despite challenges in a COVID-19 economy.
Werner Enterprises reported a decrease in total revenues by 9% to $569.0 million for Q2 2020 compared to Q2 2019. Operating income decreased by 10% to $52.8 million, while diluted EPS decreased by 9% to $0.56. The company proactively managed its fleet and cost structure, which helped to minimize the impact of a softer freight market.
- Total revenues decreased by 9% to $569.0 million.
- Operating income decreased by 10% to $52.8 million.
- Diluted EPS decreased by 9% to $0.56.
- Freight demand in One-Way Truckload and Logistics was lower than the same period a year ago.
Headline financials
Revenue & EPS history
Werner · Revenue · Quarterly
$569M
Revenue by segment
Werner · $555M total across 2 segments · Q2 2020
- Truckload Transportation Services$445M—80.2%
- Werner Logistics$110M—19.8%
Forward guidance
Werner provided updated 2020 guidance, including expectations for TTS truck growth, capital expenditures, and one-way truckload revenue per total mile (RPTM). They also noted an expected increase in liability insurance premiums.
Tailwinds
- Dedicated fleet startups expected in 2H20.
- OEM new truck delivery delays in 1H20 expected to catch up in 2H20.
- Used truck demand slightly improving.
- Assumes no round 2 of stay-at-home order programs in 2H20.
- Truck and trailer age remains low.
Headwinds
- Social distancing continues at driver schools.
- Difficult to predict gains on sales of equipment in 2H20.
- Expect the premiums for liability insurance policies to increase by at least $7 million on an annual basis.
- Responsible for the first $10.0 million per claim under the new insurance policies.
- One-Way Truckload RPTM Guidance 2H20 vs 2H19 (1)% to 2%
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 Q2 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
| Quarter | Report date | Reaction (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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