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Werner Enterprises Reports Fourth Quarter And Annual 2012 Revenues And Earnings

Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation's largest transportation and logistics companies, reported revenues and earnings for the fourth quarter and year ended December 31, 2012.

Summarized financial results for fourth quarter and year 2012 compared to fourth quarter and year 2011 are as follows (dollars in thousands, except per share data):

               
Three Months Ended Year Ended
December 31, December 31,
2012     2011 % Change 2012     2011 % Change
Total revenues $ 509,694   $ 507,937 0 % $ 2,036,386   $ 2,002,850 2 %

Trucking revenues, net of fuel

surcharge $ 330,081 $ 329,110 0 % $ 1,309,503 $ 1,310,612 0 %
Value Added Services (“VAS”)
revenues $ 77,665 $ 79,674 (3 )% $ 320,933 $ 291,109 10 %
Operating income $ 43,124 $ 49,399 (13 )% $ 171,444 $ 173,674 (1 )%
Net income $ 25,981 $ 29,368 (12 )% $ 103,034 $ 102,757 0 %
Earnings per diluted share $ 0.35 $ 0.40 (12 )% $ 1.40 $ 1.40 0 %
 

Werner Enterprises achieved annual earnings of $103 million in 2012. We sincerely value and appreciate the support of our customers and the dedication, commitment, creativity and work ethic of our Werner associates who enabled us to achieve these results.

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