CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Income Statement [Abstract] | ||||
Operating revenues | $ 753,148 | $ 760,798 | $ 1,465,262 | $ 1,529,878 |
Operating expenses: | ||||
Salaries, wages and benefits | 250,451 | 259,754 | 493,676 | 525,157 |
Fuel | 60,401 | 71,998 | 123,493 | 149,620 |
Supplies and maintenance | 62,260 | 61,988 | 122,300 | 123,763 |
Taxes and licenses | 23,100 | 25,494 | 45,444 | 50,658 |
Insurance and claims | (6,813) | 31,897 | 36,964 | 68,259 |
Depreciation and amortization | 70,757 | 72,672 | 140,806 | 146,942 |
Rent and purchased transportation | 228,280 | 210,417 | 434,422 | 414,342 |
Communications and utilities | 3,730 | 4,127 | 8,087 | 8,833 |
Other | (5,339) | 2,840 | (419) | 7,105 |
Total operating expenses | 686,827 | 741,187 | 1,404,773 | 1,494,679 |
Operating income | 66,321 | 19,611 | 60,489 | 35,199 |
Other expense (income): | ||||
Interest expense | 9,353 | 9,043 | 18,890 | 16,991 |
Interest income | (1,487) | (1,786) | (2,979) | (3,471) |
Loss on investments in equity securities | 33 | 52 | 35 | 190 |
Loss (earnings) from equity method investment | (719) | 141 | (842) | 274 |
Other | 51 | 30 | (317) | (231) |
Total other expense, net | 7,231 | 7,480 | 14,787 | 13,753 |
Income before income taxes | 59,090 | 12,131 | 45,702 | 21,446 |
Income tax expense | 15,468 | 2,931 | 12,301 | 5,998 |
Net income | 43,622 | 9,200 | 33,401 | 15,448 |
Net loss attributable to noncontrolling interest | 440 | 265 | 563 | 329 |
Net income attributable to Werner | $ 44,062 | $ 9,465 | $ 33,964 | $ 15,777 |
Earnings per share: | ||||
Basic (in dollars per share) | $ 0.72 | $ 0.15 | $ 0.55 | $ 0.25 |
Diluted (in dollars per share) | $ 0.72 | $ 0.15 | $ 0.55 | $ 0.25 |
Weighted-average common shares outstanding: | ||||
Basic (in shares) | 60,888 | 62,706 | 61,386 | 63,089 |
Diluted (in shares) | 61,001 | 62,860 | 61,532 | 63,291 |
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate costs of direct communications and utilities incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Costs of maintenance supplies used that are directly related to goods produced and sold, or services rendered, during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tax incurred and cost of license directly related to good produced or service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized and realized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Operating Insurance and Claims Costs (Reversals), Production No definition available.
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- Definition The total costs of purchased transportation and transportation-related services, costs of independent contractors, and rental expense incurred for leased assets including furniture and equipment and real estate during the reporting period. No definition available.
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