Werner Enterprises Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported operating revenues of $528.783 million against $553.186 million a year ago. Operating income was $57.261 million against $52.627 million a year ago. Income before income taxes was $57.704 million against $52.756 million a year ago. Net income was $36.648 million or $0.51 per diluted share against $32.709 million or $0.45 per diluted share a year ago. Capital expenditures, net were $100.374 million against $65.455 million a year ago. Cash flow from operations was $87.620 million against $41.354 million a year ago. Return on assets (annualized) was 9.2% against 8.9% a year ago. Return on equity (annualized) was 15.9% against 8.9% a year ago.

For the year, the company reported operating revenues of $2,093.529 million against $2,139.289 million a year ago. Operating income was $200.456 million against $160.088 million a year ago. Income before income taxes was $201.161 million against $161.774 million a year ago. Net income was $123.714 million or $1.71 per diluted share against $98.650 million or $1.36 per diluted share a year ago. Capital expenditures, net were $351.483 million against $212.294 million a year ago. Cash flow from operations was $370.392 million against $206.565 million a year ago. Return on assets (annualized) was 8.0% against 7.0% a year ago. Return on equity (annualized) was 14.1% against 12.4% a year ago.

The company estimated net capital expenditures for 2016 to be in the range of $400 million to $450 million, assuming mid-single digit fleet growth and a continuing reduction in the truck average age.