These are some highlights from the second-quarter earnings of Werner Enterprises (NASDAQ: WERN), prior to its earnings call with analysts late Tuesday.
Total revenues were down 6% from the second quarter of 2023. Revenues of $760.8 million were about $9 million short of consensus forecasts, according to SeekingAlpha.
Operating income was $19.6 million, down 58%. Non-GAAP adjusted operating income was $21.3 million, also down 58%.
Bottom line was a diluted earnings per share of 15 cents, down 68%. The non-GAAP earnings of 17 cents per share missed consensus by 3 cents, according to SeekingAlpha.
The operating ratio in the company’s Truckload Transportation Services segment, which is about 70% of company revenue, was 96.1%, deteriorating 400 basis points from a year ago.
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