WERNER ENTERPRISES INC — Form 8-K

Werner Enterprises reported Q2 2026 total revenues of $933.9M (+$180.8M or +24% YoY), with Truckload Transportation Services (TTS) revenues up $184.9M (+36%). However, GAAP operating income fell 74% to $16.9M and diluted EPS dropped 85% to $0.11, primarily because Q2 2025 included a $53.6M favorable litigation reversal from a December 2014 accident dismissal. On a non-GAAP adjusted basis (excluding one-time items), operating income rose 67% to $27.6M and adjusted diluted EPS increased 178% to $0.22. The FirstFleet acquisition (completed January 27, 2026) drove Dedicated segment fleet growth (+43.7% trucks YoY) and strong margin expansion in core operations. Werner Logistics segment declined, with revenues down 4% and an operating loss of $3.9M versus prior-year income of $4.3M.