Werner Enterprises reported Q1 2026 results with total revenues of $808.6M (+14% YoY), driven by the FirstFleet acquisition and improved TTS segment performance. The company posted a GAAP net loss of $4.3M (diluted EPS -$0.07), narrower than the prior year's loss of $10.1M (-$0.16), while non-GAAP adjusted diluted EPS was $0.02, a significant improvement from -$0.12. Guidance was maintained or modestly raised on key metrics, signaling stabilization after a difficult 2025.
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Executive Summary
Werner Enterprises reported Q1 2026 results with total revenues of $808.6M (+14% YoY), driven by the FirstFleet acquisition and improved TTS segment performance. The company posted a GAAP net loss of $4.3M (diluted EPS -$0.07), narrower than the prior year's loss of $10.1M (-$0.16), while non-GAAP adjusted diluted EPS was $0.02, a significant improvement from -$0.12. Guidance was maintained or modestly raised on key metrics, signaling stabilization after a difficult 2025.
Key Facts
- Total revenues of $808.6M, up 14% YoY ($712.1M), driven by TTS segment growth (+18%) from FirstFleet acquisition
- GAAP net loss attributable to Werner of $4.3M vs. $10.1M loss in Q1 2025; diluted loss per share of $0.07 vs. $0.16
- Non-GAAP adjusted diluted EPS of $0.02 vs. -$0.12 in prior year, a $0.14 improvement
- TTS segment operating income of $13.9M vs. $0.9M loss; adjusted operating income $14.8M vs. $2.0M
- Werner Logistics segment operating loss of $2.0M vs. $0.5M loss; adjusted operating loss of $0.9M vs. $0.7M income
- Cash flow from operations $89.2M, up 204% from $29.4M in Q1 2025
- 2026 guidance maintained: TTS average truck count growth 23%-28%, net capex $185M-$225M, adjusted FCF $18.1B-$18.7B
- Dedicated RPTPW growth guidance raised to flat-to-3% from prior (1%)-to-2%
- One-Way Truckload RPTM growth guidance for Q2 2026 raised to 1%-4% from flat-to-3% for 1H26
- Stockholder return authorization increased to $18.2B from $14.6B; $4.9B in share repurchases during Q1 2026
Financial Impact
Not specified
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000793074-26-000092 |
| Document: wern-20260428.htm | 0000793074-26-000092 |
| Document: 0000793074-26-000092-index-headers.html | 0000793074-26-000092 |
| Document: 0000793074-26-000092-index.html | 0000793074-26-000092 |
| Document: 0000793074-26-000092.txt | 0000793074-26-000092 |
| 8-K Data (Synthetic) | 0000793074-26-000092 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $36.68 $39.11 | ▲ +6.62% | ▲ +6.67% | $35.35 (−3.63%) |
Jun 10, 2026 16w ago | 8-K | $43.84 $39.88 | ▼ −9.03% | ▼ −9.47% | $35.35 (−19.37%) |
Apr 28, 2026 22w ago | 8-K | $36.39 $34.67 | ▼ −4.73% | ▼ −7.84% | $35.35 (−2.86%) |
US Market Status
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