Werner Enterprises Reports Third Quarter 2026 Results
Werner Enterprises reported Q3 2026 revenue of $950.5 million, up 23% year-over-year, swinging to GAAP diluted EPS of $0.11 from a $0.34 loss per share a year ago. Non-GAAP adjusted operating income nearly doubled to $21.0 million (+92%), driven by a 37% increase in TTS revenue, FirstFleet contribution, and 34.3% higher One-Way revenue per truck; the Logistics segment remained weak with revenue down 7%. Werner updated 2026 guidance, tightening truck count growth to 16-17% and lowering net capex to $190M-$205M, and post-quarter put in place a new $1.1 billion unsecured credit facility, borrowing $465 million to refinance the 2022 facility.
Key figures
- Eps
- 0.11
- Revenue
- 950500000
- Guidance
- TTS average truck count growth 16-17%; Dedicated RPTPW growth 4-5%; One-Way Truckload RPTM growth 10-13% (4Q26 vs 4Q25); net capex $190M-$205M; GAAP effective tax rate 24.5%-25.5%
- Revenue Yoy
- 23%
- Cash
- 39200000
- Net capex
- 37274000
- Net income
- 6595000
- Total debt
- 847400000
- Tts revenue
- 714002000
- Tts revenue yoy
- 37%
- Operating margin
- 1.8%
- Available liquidity
- 654300000
- New credit facility
- 1100000000
- Adjusted diluted eps
- 0.16
- Gaap operating income
- 16988000
- Werner logistics revenue
- 215827000
- Adjusted operating income
- 20983000
- Adjusted operating margin
- 2.2%
- Cash flow from operations
- 21463000
- Werner logistics revenue yoy
- -7%
- Adjusted operating income yoy
- 92%
AI analysis
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