Q2 25 EPS
$0.11
BEAT +124.49%
Est. $0.05
Q2 25 Revenue
$753.1M
BEAT +2.57%
Est. $734.3M
vs S&P Since Q2 25
+37.6%
BEATING MARKET
WERN +55.1% vs S&P +17.5%
Market Reaction
Did WERN Beat Earnings? Q2 2025 Results
Werner Enterprises delivered a headline beat in Q2 2025, with earnings per share of $0.11 clearing the $0.05 consensus estimate by 124.49%, while revenue of $753.15 million topped expectations by 2.57%, even as total revenue slipped 1.0% year over ye… Read more Werner Enterprises delivered a headline beat in Q2 2025, with earnings per share of $0.11 clearing the $0.05 consensus estimate by 124.49%, while revenue of $753.15 million topped expectations by 2.57%, even as total revenue slipped 1.0% year over year. The outsized GAAP result was driven primarily by the Texas Supreme Court's reversal of a 2018 truck accident verdict, which produced a $45.70 million net liability reversal that dramatically lifted reported income. Strip away the one-time items, however, and the underlying picture remained pressured, with non-GAAP adjusted operating income falling 22% to $16.55 million and adjusted diluted EPS declining 36%. Werner Logistics offered a genuine bright spot, growing revenue 6% to $221.18 million with truckload brokerage up 9% on 7% higher shipments. Used equipment resale values, buoyed partly by trade policy dynamics, also contributed incremental gains. Looking ahead, Werner trimmed its net capital expenditure guidance to $145.00 million to $185.00 million and guided Q3 One-Way revenue per total mile growth at 0% to 3%.
Key Takeaways
- • One-Way Truckload revenue per total mile increased 2.7% YoY for the fourth consecutive quarter driven by contractual rate changes and consistent mix
- • Logistics segment revenue growth of 6% driven by 7% increase in shipments with gross margin expansion
- • PowerLink offering revenue increased 17%
- • Cost containment actions delivered measurable savings including severance expense
- • Gains on sales of property and equipment increased to $5.9 million from $2.7 million with higher average unit gains on tractors and trailers
- • Insurance and claims expense increase of $8.5 million (excluding verdict reversal) pressured TTS adjusted results
- • Lower fuel surcharge revenues of $14.8 million reduced total revenues
WERN YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
WERN Revenue by Segment
With YoY comparisons, source: SEC Filings
“Second quarter results showed significant improvement over the first quarter, with operational and strategic progress across our business. Strength in Dedicated continued as we implemented new fleets. One-Way Truckload revenue per total mile increased for the fourth consecutive quarter, driven by recent contractual rate changes and consistent mix. Logistics posted year-over-year revenue growth, solid operating income and margin expansion through disciplined cost management and increased volumes.”
— Derek Leathers, Q2 2025 Earnings Press Release
WERN Earnings Trends
WERN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WERN EPS Trend
Earnings per share: estimate vs actual
WERN Revenue Trend
Quarterly revenue: estimate vs actual
WERN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.06 | $0.02 | +132.10% | $808.6M | -0.65% |
| Q4 25 MISS FY | $0.10 | $0.05 | -52.34% | $737.6M | -3.08% |
| FY Full Year | $0.06 | $-0.02 | -133.61% | $2.97B | -0.80% |
| Q3 25 MISS | $0.13 | $-0.03 | -122.68% | $771.5M | +1.14% |
| Q2 25 BEAT | $0.05 | $0.11 | +124.49% | $753.1M | +2.57% |
| Q1 25 MISS | $0.12 | $-0.12 | -203.72% | $712.1M | -3.67% |