Werner Enterprises, Inc. (WERN) Q3 2023 Earnings Call Transcript

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Q3: 2023-11-01 Earnings Summary

EPS of $0.42 misses by $0.07
 | Revenue of $817.74M (-1.19% Y/Y) beats by $5.83M

Werner Enterprises, Inc. (NASDAQ:WERN) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET

Company Participants

Chris Neil – Senior Vice President-Pricing and Strategic Planning
Derek Leathers – Chairman, President and Chief Executive Officer
Chris Wikoff – Executive Vice President, Treasurer and Chief Financial Officer

Conference Call Participants

Mike Triano – UBS
Jack Atkins – Stephens
Eric Morgan – Barclays
Elliot Alper – TD Cowen
Scott Group – Wolfe Research
Ken Hoexter – Bank of America

Operator

Good afternoon, and welcome to the Werner Enterprises Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I’ll now turn the call over to Chris Neil, Senior Vice President of Pricing and Strategic Planning.

Chris Neil

Good afternoon, everyone. Earlier today, we issued our earnings release with our third quarter results. The release and the supplemental presentation are available in the Investors section of our website at werner.com. Today’s webcast is being recorded and will be available for replay later today. Please see the disclosure statement on Slide 2 of the presentation as well as the disclaimers in our earnings 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.

The company reports results using non-GAAP measures, which we believe provides 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 in the tables attached to the earnings release and in the appendix of the slide presentation.

On today’s call with me are Derek Leathers, Chairman, President and CEO; and Chris Wikoff, Executive Vice President, Treasurer and CFO.

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