Werner Enterprises reported a cost-burdened fourth quarter that came in light of estimates even after adjusting for nonrecurring items.<\/p>\n
Werner (NASDAQ: WERN)\u00a0reported a fourth-quarter headline net loss of $27.8 million, or 46 cents per share, on Thursday after the market closed. However, the number included $44.2 million in restructuring and impairment charges, the bulk of which were noncash items. Excluding those charges and other one-off items, adjusted net income was $3.3 million, or 5 cents per share. Adjusted EPS was 5 cents below consensus and 3 cents lower year over year.<\/p>\n
The company said it began restructuring its one-way truckload unit during the quarter to improve fleet utilization, remove unprofitable freight and return the segment to profitability.<\/p>\n Consolidated revenue of $738 million was 2% lower y\/y and shy of a $761 million consensus estimate.<\/p>\n Total TL revenue was down 3% y\/y to $513 million. The segment reported a 97.2% adjusted operating ratio (inverse of operating margin), which was 30 basis points worse y\/y.<\/p>\n One-way average trucks in service were reduced by 10% y\/y with revenue per truck per week up 2%, resulting in an 8% revenue decline. Miles per truck per week improved 2% but revenue per total mile was off slightly.<\/p>\n Dedicated revenue increased 1% y\/y as a 2% increase in average trucks was partially offset by a 1% decline in revenue per truck per week.<\/p>\n The company issued guidance calling for revenue per total mile in one-way to be flat to up 3% y\/y in the first half of 2026. Revenue per truck per week in dedicated is expected to come in down 1% to up 2% y\/y for full-year 2026.<\/p>\n Werner will host a call on Thursday at 5:00 p.m. EST to discuss fourth-quarter results.<\/p>\n More FreightWaves articles by Todd Maiden:<\/p>\n The post First look: Werner\u2019s Q4 misses mark appeared first on FreightWaves.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>