Werner Enterprises, Inc. (NASDAQ:WERN) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET

Company Participants

Chris Neil – Senior Vice President-Pricing and Strategic Planning

Derek Leathers – Chairman, President and Chief Executive Officer

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

Conference Call Participants

Ravi Shanker – Morgan Stanley

Bascome Majors – Susquehanna

Elliot Alper – TD Cowen

Jack Atkins – Stephens

Jeff Kauffman – Vertical Research Partners

Eric Morgan – Barclays

Amit Mehrotra – Deutsche Bank

Brian Ossenbeck – JPMorgan

Operator

Good afternoon, and welcome to the Werner Enterprises Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I’ll now turn the call 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 second 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, President and CEO; and Chris Wikoff, Executive Vice President, Treasurer and CFO. Derek will begin with a high-level overview of our performance during the second quarter and an update on execution against our DRIVE strategy, specifically with a focus on innovation. Chris will then provide a deeper dive into our results. We will then open it up for questions followed by closing thoughts from Derek.

Now, I’ll turn the call over to Derek.

Derek Leathers

Thank you, Chris, and good afternoon. Before we get into an overview of our second quarter results, I’d like to thank the 14,000-plus talented Werner team members for staying true to our core values, safely providing superior service to our customers and delivering on our unrelenting DRIVE strategy. We are proud to be the carrier of choice among our deep portfolio of valued customers who are allowing us to solve and service their most complex freight challenges every day.