Werner Enterprises Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
January 30, 2017 at 04:05 pm
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Werner Enterprises Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported operating revenues of $518,832,000 against $528,783,000 a year ago. Operating income was $34,956,000 against $57,261,000 a year ago. Income before income taxes was $35,179,000 against $57,704,000 a year ago. Net income was $21,811,000 or $0.30 per diluted share against $36,648,000 or $0.51 per diluted share a year ago. Capital expenditures, net were $135,593,000 against $100,374,000 a year ago. Cash flow from operations was $111,222,000 against $87,620,000 a year ago. Return on assets (annualized) was 5.0% against 9.4% a year ago. Return on equity (annualized) was 8.8% against 15.9% a year ago.
For the year, the company reported operating revenues of $2,008,991,000 against $2,093,529,000 a year ago. Operating income was $126,070,000 against $200,456,000 a year ago. Income before income taxes was $127,460,000 against $201,161,000 a year ago. Net income was $79,129,000 or $1.09 per diluted share against $123,714,000 or $1.71 per diluted share a year ago. Capital expenditures, net were $429,607,000 against $351,483,000 a year ago. Cash flow from operations was $312,397,000 against $370,392,000 a year ago. Return on assets (annualized) was 4.7% against 8.2% a year ago. Return on equity (annualized) was 8.2% against 14.1% a year ago.
Werner Enterprises, Inc. is a transportation and logistics company, which is engaged primarily in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company has two segments: Truckload Transportation Services (TTS) and Werner Logistics. TTS segment consists of Dedicated and One-Way Truckload. Dedicated has 5,265 trucks and provides truckload services dedicated to a specific customer, generally for a retail distribution center or manufacturing facility, utilizing either dry van or specialized trailers. One-Way Truckload has 2,735 trucks and includes various operating fleets, such as the medium-to-long-haul van (Van) fleet, the expedited (Expedited) fleet, the regional short-haul (Regional) fleet and the Temperature Controlled fleet. Werner Logistics segment is a non-asset-based transportation and logistics provider. The segment provides services throughout North America.