Truckload carrier Werner Enterprises sees Q3 revenue up to $951 million
WERN•Werner Enterprises reported preliminary Q3 revenue of $946 million to $951 million, GAAP EPS of $0.10 to $0.11 and adjusted EPS of $0.15 to $0.16. Results were weighed down by rising fuel prices, investments in driver recruitment and retention, and a late-quarter insurance reserve adjustment.
1. Preliminary Q3 results
Werner Enterprises reported preliminary Q3 revenue of $946 million to $951 million, GAAP EPS of $0.10 to $0.11 and non-GAAP adjusted EPS of $0.15 to $0.16. The company said rising fuel prices, spending on driver recruitment and retention, and a late-quarter insurance reserve adjustment related to past claims negatively affected results.
