Werner Q2 revenue rises on TTS growth, FirstFleet acquisition
WERN•Outlook
- Werner raises 2026 net capital expenditures guidance to $215 mln-$250 mln
- Company expects TTS average truck count growth of 16%-18% for 2026
- Werner sees Dedicated RPTPW growth of 3%-5% and One-Way Truckload RPTM growth of 10%-13%
Overview
- U.S. trucking and logistics firm's Q2 revenue rose 24%, slightly beating analyst expectations
- Adjusted EPS for Q2 missed analyst expectations
- Adjusted net income for Q2 beat analyst expectations
Result drivers
- Truckload Transportation Services - Revenue growth was driven by a 36% increase in TTS revenues, with the FirstFleet acquisition and organic Dedicated business growth as key contributors
- One-Way Truckload restructuring - Restructuring in One-Way Truckload led to the strongest revenue per truck growth in a decade, with higher spot rates and contractual rate increases
- Absence of prior-year gains - Operating income declined mainly due to the non-recurrence of favorable liability reversals and settlement gains recorded in the prior year
