Werner Enterprises reported third‑quarter 2025 results with revenue of $771.5 million, up 3.5% year‑over‑year, and an adjusted net loss of $20.6 million, translating to earnings per share of $–0.03. The company’s adjusted EPS fell short of the consensus estimate of $0.15, a miss of $0.18 per share.
Revenue in the Logistics segment rose 12% to $233 million, while the Dedicated segment grew 8% to $140 million. The Truckload Transportation Services (TTS) segment generated $520 million in revenue, a 1% decline year‑over‑year, and recorded an operating loss of $13.8 million.
The loss was driven by higher operating expenses, a one‑time restructuring charge, increased insurance and claims costs, and an $18 million legal settlement related to a class‑action lawsuit. These items were excluded from the adjusted EPS calculation, which focuses on recurring operating performance.
Management highlighted continued investment in the EDGE Transportation Management System (TMS) platform and a cost‑control program that has already delivered $45 million in savings for 2025, 80% of the target achieved by the third quarter. The company reaffirmed its dividend and share‑repurchase program and reiterated its expectation to return to profitability in the fourth quarter.
Comparing to prior periods, Q3 2024 revenue was $745.7 million and adjusted EPS was $0.15, while Q2 2025 revenue was $753.1 million with adjusted EPS of $0.11. The current quarter’s loss reflects a shift in the freight market, including a challenging one‑way business and higher operating costs, but also shows resilience in the Logistics and Dedicated segments.
Werner operates in a freight environment marked by supply‑demand imbalances and inflationary cost pressures. The company remains the sixth‑largest dedicated carrier in the United States and continues to focus on technology transformation and capital efficiency to navigate the cyclical downturn.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.