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WERN - Werner Enterprises Inc. (WERN) Q1 2024 Earnings Call Transcript

2024-04-30 22:32:02 ET

Werner Enterprises, Inc. (WERN)

Q1 2024 Earnings Conference Call

April 30, 2024 17:00 ET

Corporate Participants

Chris Neil - Senior Vice President, Pricing and Strategic Planning

Derek Leathers - Chairman and Chief Executive Officer

Chris Wikoff - Executive Vice President, Treasurer and Chief Financial Officer

Conference Call Participants

Amit Mehrotra - Deutsche Bank

Jason Seidl - TD Cowen

Ravi Shanker - Morgan Stanley

Scott Group - Wolfe Research

Ken Hoexter - Bank of America

Mike Triano - UBS

Bascome Majors - Susquehanna

Presentation

Operator

Good afternoon, and welcome to the Werner Enterprises First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Chris Neil, Senior Vice President of Pricing and Strategic Planning. Please go ahead.

Chris Neil

Good afternoon, everyone. Earlier today, we issued our earnings release with our first quarter results. The release and a supplemental presentation are available in the Investors section of our website at werner.com. Today's webcast is being recorded and will be available for replay later today.

Please see the disclosure statement on Slide 2 of the presentation as well as the disclaimers in our earnings release related to forward-looking statements. Today's remarks contain forward-looking statements that may involve risks, uncertainties and other factors that could cause actual results to differ materially. The company reports results using non-GAAP measures, which we believe provide additional information for investors to help facilitate the comparison of past and present performance. A reconciliation to the most directly comparable GAAP measures is included in the tables attached to the earnings release and in the appendix of the slide presentation.

On today's call with me are Derek Leathers, Chairman and CEO and Chris Wikoff, Executive Vice President, Treasurer and CFO. Derek will provide an overview of our Q1 results and update on our strategic priorities for 2024 and our market outlook. Chris will cover our financial results in more detail and provide an update on our guidance for the year.

I'll now turn the call over to Derek.

Derek Leathers

Thank you, Chris, and good afternoon, everyone. We appreciate you joining us.

Before we get started on our first quarter update, I would like to acknowledge the very difficult time many of our associates and fellow citizens of Omaha are enduring as a result of the catastrophic tornadoes that took place this past Friday. It is truly inspirational to see both the Werner and broader community come together to support those in need. Miraculously, there are no reported fatalities locally at this time, but there remains a path of devastation that is hard to even describe. Regrettably, the devastation continued throughout the weekend in Iowa, Kansas and Oklahoma. Our thoughts, prayers and ongoing support go out to those impacted by this horrible disaster that has impacted so many....

For further details see:

Werner Enterprises, Inc. (WERN) Q1 2024 Earnings Call Transcript
Stock Information

Company Name: Werner Enterprises Inc.
Stock Symbol: WERN
Market: NASDAQ
Website: werner.com

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