Werner Enterprises Reports Improved Fourth Quarter And Annual 2011 Revenues And Earnings

Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, reported improved revenues and earnings for the fourth quarter and year ended December 31, 2011 compared to the same periods of 2010.

Summarized financial results for fourth quarter and year 2011 compared to fourth quarter and year 2010 are as follows (dollars in thousands, except per share data):

			4Q11			4Q10			% Change				2011			2010			% Change
Total revenues			$507,937			$463,214			10%				$2,002,850			$1,815,020			10%
Trucking revenues, net of fuel
surcharge			$329,110			$327,682			0%				$1,310,612			$1,287,068			2%
Value Added Services (“VAS”)
revenues			$79,674			$59,834			33%				$291,109			$250,983			16%
Operating income			$49,399			$40,627			22%				$173,674			$134,582			29%
Net income			$29,368			$24,115			22%				$102,757			$80,039			28%
Earnings per diluted share			$0.40			$0.33			21%				$1.40			$1.10			28%

Werner Enterprises achieved annual earnings in excess of $100 million for the first time in our history. Fourth quarter 2011 was the eighth consecutive quarter in which Werner achieved year-over-year earnings growth in excess of 20%. We are very appreciative of our customers’ support and sincerely thank all of our associates for their dedication, commitment and hard work in passing this mile marker on the road to improving results. With a comprehensive portfolio of superior service offerings, a newer truck fleet, an outstanding team of associates and a strong financial position, we are excited about the prospects for 2012 and beyond.

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