Werner’s Fourth-Quarter Profit Falls
Truckload carrier Werner Enterprises said Wednesday its fourth-quarter net income fell 30% to $15.6 million or 22 cents a share, from $24 million or 31 cents a year earlier.
The per-share earnings included a 6-cent charge related to income tax, the company said; excluding that item, per-share earnings fell 13% from the previous fourth quarter.
Revenue rose 1% to $525.7 million, Werner said in a statement.
For the full year, net earnings fell to $75.4 million or $1.02 per share, from $98.6 million or $1.25 a year earlier. Revenue fell to $2.071 billion, from $2.081 billion.
Werner is ranked No. 14 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
