NASDAQ$WERN
Werner Enterprises Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Werner achieved record second quarter results due to strong execution in a robust freight market.
Werner Enterprises reported record second quarter operating income, net income and diluted earnings per share. Total revenues increased by 14% to $649.8 million, driven by growth in Truckload Transportation Services and Logistics revenues. Diluted EPS increased by 87% to $1.06.
- Total revenues of $649.8 million, up 14%.
- Operating income of $76.9 million, up 46%; non-GAAP adjusted operating income of $79.1 million, up 37%.
- Operating margin of 11.8%, up 250 bps; non-GAAP adjusted operating margin of 12.2%, up 210 bps.
- Diluted EPS of $1.06, up 87%; non-GAAP adjusted diluted EPS of $0.86, up 40%.
Headline financials
Revenue & EPS history
Werner · Revenue · Quarterly
$650M
Revenue by segment
Werner · $633M total across 2 segments · Q2 2021
- Truckload Transportation Services$491M+10.4%77.6%
- Werner Logistics$142M+28.6%22.4%
Forward guidance
Werner provided updated 2021 guidance, including TTS truck growth from BoY to EoY of 1% to 4% and gains on sales of equipment of $9M to $13M for Q3 2021.
Tailwinds
- TTS truck growth from BoY to EoY is expected to be 1% to 4%.
- Gains on sales of equipment are projected to be $9M to $13M for Q3 2021.
- Dedicated RPTPW growth is expected to be 3% to 5%.
- One-Way Truckload RPTM growth is expected to be 16% to 19% in 2H21 vs 2H20.
- Effective income tax rate is expected to be 24.5% to 25.5%.
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 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
| 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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