Werner Enterprises Inc. Announces Unaudited Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditures Guidance for 2015
January 29, 2015 at 04:14 pm
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Werner Enterprises Inc. announced unaudited financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported operating revenues of $553.186 million against $517.920 million a year ago. Operating income was $52.627 million against $36.089 million a year ago. Income before income taxes was $52.756 million against $36.654 million a year ago. Net income was $32.709 million or $0.45 per diluted share against $22.175 million or $0.30 per diluted share a year ago. Capital expenditures, net were $65.455 million against $45.448 million a year ago. Cash flow from operations was $41.354 million against $61.366 million a year ago. Return on assets (annualized) was 8.9% against 6.5% a year ago. Return on equity (annualized) was 15.9% against 11.6% a year ago.
For the year, the company reported operating revenues of $2,139.289 million against $2,029.183 million a year ago. Operating income was $160.088 million against $139.726 million a year ago. Income before income taxes was $161.774 million against $141.711 million a year ago. Net income was $98.650 million or $1.36 per diluted share against $86.785 million or $1.18 per diluted share a year ago. Capital expenditures, net were $212.294 million against $151.916 million a year ago. Cash flow from operations was $206.565 million against $232.457 million a year ago. Return on assets (annualized) was 7.0% against 6.5% a year ago. Return on equity (annualized) was 12.4% against 11.7% a year ago.
The company estimated net capital expenditures for 2015 to be in the range of $275 million to $325 million.
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.
Werner Enterprises Inc. Announces Unaudited Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditures Guidance for 2015