Werner Enterprises Reports Improved Second Quarter 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 second quarter ended June 30, 2012.

Summarized financial results for second quarter 2012 compared to second quarter 2011 are as follows (dollars in thousands, except per share data):
 
    2Q12     2Q11     % Change     YTD12     YTD11     % Change
Total revenues $ 521,812 $ 515,897 1 % $ 1,020,188 $ 985,326 4 %
Trucking revenues, net of fuel
surcharge $ 331,974 $ 333,709 (1 )% $ 653,200 $ 650,156 0 %
Value Added Services (“VAS”)
revenues $ 84,024 $ 71,227 18 % $ 160,778 $ 134,800 19 %
Operating income $ 51,113 $ 46,767 9 % $ 86,515 $ 74,209 17 %
Net income $ 30,680 $ 27,518 11 % $ 51,925 $ 43,811 19 %
Earnings per diluted share $ 0.42 $ 0.38 11 % $ 0.71 $ 0.60 18 %
 

Werner Enterprises achieved 11% growth in earnings per diluted share in second quarter 2012 compared to second quarter 2011, resulting from a seasonally improving freight market, operating margin expansion and logistics growth.

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