Werner Enterprises Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Provides Net Capital Expenditures Guidance for the Year 2012
January 26, 2012 at 09:01 pm
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Werner Enterprises Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the fourth quarter, the company reported operating revenues of $507,937,000 compared to $463,214,000 a year ago. Operating income was $49,399,000 compared to $40,627,000 a year ago. Income before income taxes was $49,988,000 compared to $41,047,000 a year ago. Net income was $29,368,000 or $0.40 per diluted share compared to $24,115,000 or $0.33 per diluted share a year ago. Capital expenditures net were $78,598,000 compared to $35,936,000 a year ago. Cash flow from operations was $64,141,000 compared to $73,236,000 a year ago. Return on assets (annualized) was 9.1% compared to 7.8% a year ago.
For the full year, the company reported operating revenues of $2,002,850,000 compared to $1,815,020,000 a year ago. Operating income was $173,674,000 compared to $134,582,000 a year ago. Income before income taxes was $174,906,000 compared to $136,237,000 a year ago. Net income was $102,757,000 or $1.40 per diluted share compared to $80,039,000 or $1.10 per diluted share a year ago. Capital expenditures net were $232,198,000 compared to $119,033,000 a year ago. Cash flow from operations was $264,480,000 compared to $228,483,000 a year ago. Return on assets (annualized) was 8.3% compared to 6.6% a year ago.
The company expects its net capital expenditures in 2012 to be in a range of $160 million to $210 million.
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.
Werner Enterprises Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Provides Net Capital Expenditures Guidance for the Year 2012