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Werner Enterprises, Inc. (WERN) CEO Derek Leathers on Q4 2018 Results - Earnings Call Transcript

Feb. 06, 2019 10:56 PM ETWerner Enterprises, Inc. (WERN)
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Werner Enterprises, Inc. (NASDAQ:WERN) Q4 2018 Earnings Conference Call February 6, 2019 5:00 PM ET

Company Participants

Derek Leathers - President and Chief Executive Officer

John Steele - Executive Vice President, Treasurer and Chief Financial Officer

Conference Call Participants

Brad Delco - Stephens Inc

Amit Mehrotra - Deutsche Bank

Ben Hartford - Robert W. Baird & Co.

Thomas Wadewitz - UBS Securities LLC

Todd Fowler - KeyBanc Capital Markets Inc.

Scott Group - Wolfe research

David Ross - Stifel Nicolaus

Bascome Majors - Susquehanna International Group, LLP


Good afternoon, and welcome to the Werner Enterprises Fourth Quarter and Full-Year 2018 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

Earlier today, the company issued an earnings press release for its fourth quarter and full-year 2018 results, as well as posted a slide presentation to accompany today’s discussion. These materials are available on the Investor Relations section of the company’s website at werner.com. This webcast is being recorded and will be available for replay beginning later in the evening, along with the supporting slides.

Before we begin, please direct your attention to the disclosure statement on Slide 2 of the presentation, as well as the disclaimers included in the press release related to forward-looking statements. Today’s remarks contain forward-looking statements that may involve risks, uncertainties and other factors that could cause actual results to differ materially. This disclaimer is a brief summary of the company’s statutory forward-looking statements disclaimer, which is included in the company’s filings with the SEC.

Additionally, the company reports results using non-GAAP measures, which it believes provide additional information for investors to help facilitate the comparison of past and present performance. A reconciliation to the most directly comparable GAAP measures is included

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