Werner Enterprises, Inc. (WERN)

Werner Enterprises Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,098	3,283	3,290	2,734	2,372	2,464
Revenue Growth (YoY)	-6.79%	-0.20%	20.32%	15.27%	-3.71%	0.24%
Cost of Revenue	2,470	2,579	2,504	2,002	1,662	1,802
Gross Profit	627.83	704.68	785.65	732.17	709.71	661.64
Selling, General & Admin	129.9	138.52	137.87	98.66	109.82	88.91
Other Operating Expenses	127.38	134.89	125.25	115.6	120.44	119.28
Operating Expenses	551.52	572.91	543.04	481.96	493.54	457.72
Operating Income	76.31	131.77	242.61	250.22	216.17	203.92
Interest Expense	-36.9	-33.54	-11.83	-4.42	-4.22	-6.85
Interest & Investment Income	6.83	6.7	1.73	1.21	1.63	3.33
Earnings From Equity Investments	-0.07	-1.05	-	-	-	-
Other Non Operating Income (Expenses)	0.08	-0.48	-0.39	-0.24	-0.16	-0.04
EBT Excluding Unusual Items	46.24	103.42	232.13	246.77	213.42	200.35
Merger & Restructuring Charges	-	-	-1.1	-1.6	-	-
Gain (Loss) on Sale of Investments	-0.47	-0.28	12.2	40.32	-	-
Gain (Loss) on Sale of Assets	11.94	42.44	88.56	60.53	11.27	21.56
Legal Settlements	-	-	-9.5	-	-	-
Other Unusual Items	2.48	2.2	2.5	-	-	-
Pretax Income	60.19	147.78	324.79	346.02	224.69	221.91
Income Tax Expense	14.97	35.49	79.21	84.54	55.62	54.96
Earnings From Continuing Operations	45.22	112.29	245.58	261.48	169.08	166.94
Minority Interest in Earnings	0.7	0.09	-4.32	-2.43	-	-
Net Income	45.92	112.38	241.26	259.05	169.08	166.94
Net Income to Common	45.92	112.38	241.26	259.05	169.08	166.94
Net Income Growth	-69.18%	-53.42%	-6.87%	53.21%	1.28%	-0.72%
Shares Outstanding (Basic)	63	63	64	67	69	70
Shares Outstanding (Diluted)	63	64	65	68	69	70
Shares Change (YoY)	-1.03%	-1.33%	-4.83%	-2.26%	-0.86%	-2.82%
EPS (Basic)	0.73	1.77	3.76	3.84	2.45	2.40
EPS (Diluted)	0.73	1.76	3.74	3.82	2.44	2.38
EPS Growth	-68.79%	-52.94%	-2.09%	56.56%	2.52%	2.15%
Free Cash Flow	-24.65	-124.42	-58.54	-38.03	32.84	5.9
Free Cash Flow Per Share	-0.39	-1.95	-0.91	-0.56	0.47	0.08
Dividend Per Share	0.560	0.550	0.510	0.460	0.360	0.360
Dividend Growth	3.70%	7.84%	10.87%	27.78%	0%	5.88%
Gross Margin	20.27%	21.46%	23.88%	26.78%	29.92%	26.86%
Operating Margin	2.46%	4.01%	7.37%	9.15%	9.11%	8.28%
Profit Margin	1.48%	3.42%	7.33%	9.47%	7.13%	6.78%
Free Cash Flow Margin	-0.80%	-3.79%	-1.78%	-1.39%	1.38%	0.24%
EBITDA	370.55	431.28	522.54	517.92	479.45	453.44
EBITDA Margin	11.96%	13.13%	15.88%	18.94%	20.21%	18.40%
D&A For EBITDA	294.24	299.51	279.92	267.7	263.29	249.53
EBIT	76.31	131.77	242.61	250.22	216.17	203.92
EBIT Margin	2.46%	4.01%	7.37%	9.15%	9.11%	8.28%
Effective Tax Rate	24.87%	24.02%	24.39%	24.43%	24.75%	24.77%

Source: S&P Capital IQ. Standard template. Financial Sources.