Werner Enterprises Q2 GAAP profit rises 366% on one-time gain; adjusted EPS falls 36%
Werner Enterprises reported second-quarter 2025 results, with total revenues of $753.1 million, down 1% from a year earlier. GAAP net income attributable to Werner rose 366% to $44.1 million, mainly because of a $45.7 million net liability reversal tied to a Texas Supreme Court ruling, while non-GAAP adjusted diluted EPS fell 36% to $0.11. The company also narrowed its 2025 net capital expenditure guidance to $145 million to $185 million.
Key points
- Total revenues were $753.1 million, down $7.7 million or 1% year over year; Logistics revenue rose 6%, while Truckload Transportation Services revenue fell 4%.
- GAAP diluted EPS was $0.72, up from $0.15; the company cited a $45.7 million net liability reversal from the Texas Supreme Court ruling as a non-GAAP adjustment.
- Non-GAAP adjusted diluted EPS was $0.11, down 36% from $0.17, and adjusted operating margin was 2.2%, down 60 basis points.
- 2025 net capital expenditure guidance was lowered to $145 million to $185 million from $185 million to $235 million, and the TTS year-end truck count guidance was narrowed to 1% to 4% from 1% to 5%.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.