v3.25.2
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
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