Werner Enterprises Inc. announced unaudited financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported operating revenues of $553.186 million against $517.920 million a year ago. Operating income was $52.627 million against $36.089 million a year ago. Income before income taxes was $52.756 million against $36.654 million a year ago. Net income was $32.709 million or $0.45 per diluted share against $22.175 million or $0.30 per diluted share a year ago. Capital expenditures, net were $65.455 million against $45.448 million a year ago. Cash flow from operations was $41.354 million against $61.366 million a year ago. Return on assets (annualized) was 8.9% against 6.5% a year ago. Return on equity (annualized) was 15.9% against 11.6% a year ago.

For the year, the company reported operating revenues of $2,139.289 million against $2,029.183 million a year ago. Operating income was $160.088 million against $139.726 million a year ago. Income before income taxes was $161.774 million against $141.711 million a year ago. Net income was $98.650 million or $1.36 per diluted share against $86.785 million or $1.18 per diluted share a year ago. Capital expenditures, net were $212.294 million against $151.916 million a year ago. Cash flow from operations was $206.565 million against $232.457 million a year ago. Return on assets (annualized) was 7.0% against 6.5% a year ago. Return on equity (annualized) was 12.4% against 11.7% a year ago.

The company estimated net capital expenditures for 2015 to be in the range of $275 million to $325 million.