Werner Enterprises, Inc. (NASDAQ:WERN) Q4 2020 Earnings Conference Call February 4, 2021 4:00 PM ET
Company Participants
Derek Leathers - President, CEO & Vice-Chairman
John Steele - EVP, Treasurer & CFO
Conference Call Participants
Zachary Haggerty - KeyBanc Capital Markets
Scott Group - Wolfe Research
Amit Mehrotra - Deutsche Bank
Jack Atkins - Stephens Inc.
David Ross - Stifel, Nicolaus & Company
Kenneth Hoexter - Bank of America Merrill Lynch
Ravi Shanker - Morgan Stanley
Mike Triano - UBS Investment Bank
Jordan Alliger - Goldman Sachs Group
Operator
Good afternoon, and welcome to the Werner Enterprises Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Derek Leathers, Vice Chairman, President and Chief Executive Officer. Please go ahead.
Derek Leathers
Thank you, and good afternoon, everyone. With me today is our CFO, John Steele. 2020 was a very challenging and disruptive year. I'm proud of our Werner team for their resilience, tenacity and perseverance throughout the year. Werner associates quickly reacted to changing freight and work conditions and delivered record results. The Werner team achieved record operating income and adjusted earnings per share in 2020. Our drivers and mechanics relentlessly kept America moving for Werner customers and end consumers despite the demanding operational protocols necessitated by the pandemic. Werner office associates continued to produce superior service to our customers, drivers and mechanics despite restrictive changes to their work environment.
Our primary focus continues to be on delivering best-in-class service while protecting the health and personal safety of our associates, their families and our customers. We are confident that freight demand for our services will be strong in 2021.
On the supply side, structural truck driver availability constraints and OEM production challenges are expected
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