Werner Confirms Light Q3 With $950.5M Revenue, $0.16 Adjusted EPS; Trims Capex Outlook
WERN sits 27% above its 52-week low of $23.06.
Summary
Werner delivered the full Q3 report after its October 19 pre-release, with revenue of $950.5 million, net income of $6.6 million and GAAP diluted EPS of $0.11 landing at the top of the preliminary range. Adjusted diluted EPS was $0.16, and adjusted operating income of $21.0 million nearly doubled year over year on a 28% jump in freight revenue and FirstFleet's contribution. The weak spot remains Werner Logistics, where adjusted operating income fell 82% to $0.8 million as truckload brokerage shipments dropped 40%. Management cut 2026 net capex guidance to $190-205 million from $215-250 million and nudged the One-Way Truckload revenue-per-mile target to a 4Q26 comparison. The 4:00 p.m. CT call is the next input, with fuel costs and elevated claims flagged as the margin drag.
At the time of this announcement, WERN was trading at $29.38 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $23.06 to $47.49. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.