Werner reports Q2 2026 revenue up 24% to $933.9M; adjusted EPS $0.22

Werner posted second-quarter 2026 results with total revenues of $933.9 million, up 24% year-over-year, driven by strength in Truckload Transportation Services. GAAP diluted EPS was $0.11 while non-GAAP adjusted diluted EPS improved to $0.22. The company reported GAAP operating income of $16.9 mill…

Werner posted second-quarter 2026 results with total revenues of $933.9 million, up 24% year-over-year, driven by strength in Truckload Transportation Services. GAAP diluted EPS was $0.11 while non-GAAP adjusted diluted EPS improved to $0.22. The company reported GAAP operating income of $16.9 million and non-GAAP adjusted operating income of $27.6 million for the quarter.

Financial Highlights

Total revenues: $933.9 million for Q2 2026, up 24% from Q2 2025 ($753.1 million).
Operating income (GAAP): $16.9 million for Q2 2026 (operating margin 1.8%), down from $66.3 million (8.8%) in Q2 2025.
Non-GAAP adjusted operating income: $27.6 million for Q2 2026 (adjusted operating margin 3.0%), up from $16.6 million (2.2%) a year ago.
Net income attributable to Werner (GAAP): $6.4 million for Q2 2026; adjusted net income attributable to Werner: $13.5 million.
Diluted earnings per share (GAAP): $0.11; adjusted diluted EPS: $0.22 for Q2 2026 (adjusted EPS up 178% year-over-year).

Business Highlights

Truckload Transportation Services (TTS) revenue rose 36% to $702.6 million, driven in part by $120.6 million of fuel surcharge revenues and the FirstFleet acquisition.
FirstFleet acquisition (closed Jan 27, 2026) materially increased Dedicated capacity: Dedicated average trucks in service up ~2,121 trucks (43.7% year-over-year) and quarter-end Dedicated fleet up 42.3%.
Average TTS trucks in service totaled 8,712 for the quarter, a 16.3% increase year-over-year; Dedicated comprised ~80% of the TTS fleet at quarter end.
One-Way Truckload showed operational improvement: average revenues per truck per week increased 27.7% and revenues per total mile (net of fuel surcharge) rose 10.4% year-over-year following restructuring and rate actions.
Werner Logistics segment: revenues decreased 4% to $211.7 million; intermodal and final mile businesses grew while truckload logistics shipments declined.

Original SEC Filing:

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