Werner puts 3Q figures in the record books
Oct 18, 2004 10:48 AM, from staff and wire reports
Werner Enterprises Inc, the Omaha NE-based truckload transportation company, reported record revenues and earnings for the third quarter ended Sept 30, 2004. Operating revenues increased 16% to $425.4 million compared with $368.0 million in third-quarter 2003. Net income rose 18% to $24.3 million versus $20.5 million in third-quarter 2003. Earnings per share for third quarter 2004 were $.30 per share, or 21% higher than the $.25 per share earned in third-quarter 2003.
“I am pleased to report our 12th consecutive quarter of improved year-over-year earnings,” said Clarence “C L” Werner, chairman and chief executive officer. “Despite rising costs for fuel and driver pay, we improved our operating margin by negotiating needed rate increases. Our freight volumes and service performance are at a high level as we move into the seasonally strongest period of the year.”
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