Werner Enterprises Inc. Announces Unaudited Financial Results for the Fourth Quarter and Year Ended December 31, 2013
January 28, 2014 at 09:01 pm
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Werner Enterprises Inc. announced unaudited financial results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported operating revenues of $517.920 million against $509.694 million a year ago. Operating income was $36.089 million against $43.124 million a year ago. Income before income taxes was $36.654 million against $43.665 million a year ago. Net income was $22.175 million or $0.30 per diluted share against $25.981 million or $0.35 per diluted share a year ago. Capital expenditures, net were $45.448 million against $44.680 million a year ago. Cash flow from operations was $61.366 million against $56.381 million a year ago. Return on assets (annualized) was 6.5% against 7.6% a year ago. Return on equity (annualized) was 11.6% against 13.7% a year ago.
For the year, the company reported operating revenues of $2,029.183 million against $2,036.386 million a year ago. Operating income was $139.726 million against $171.444 million a year ago. Income before income taxes was $141.711 million against $173.166 million a year ago. Net income was $86.785 million or $1.18 per diluted share against $103.034 million or $1.40 per diluted share a year ago. Capital expenditures, net were $151.916 million against $224.927 million a year ago. Cash flow from operations was $232.457 million against $255.096 million a year ago. Return on assets (annualized) was 6.5% against 7.7% a year ago. Return on equity (annualized) was 11.7% against 13.6% a year ago.
Werner Enterprises, Inc. is a transportation and logistics company, which is engaged primarily in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company has two segments: Truckload Transportation Services (TTS) and Werner Logistics. TTS segment consists of Dedicated and One-Way Truckload. Dedicated has 5,265 trucks and provides truckload services dedicated to a specific customer, generally for a retail distribution center or manufacturing facility, utilizing either dry van or specialized trailers. One-Way Truckload has 2,735 trucks and includes various operating fleets, such as the medium-to-long-haul van (Van) fleet, the expedited (Expedited) fleet, the regional short-haul (Regional) fleet and the Temperature Controlled fleet. Werner Logistics segment is a non-asset-based transportation and logistics provider. The segment provides services throughout North America.