Werner Enterprises, Inc. (NASDAQ:WERN) Q3 2023 Earnings Conference Call November 1, 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
Mike Triano – UBS
Jack Atkins – Stephens
Eric Morgan – Barclays
Elliot Alper – TD Cowen
Scott Group – Wolfe Research
Ken Hoexter – Bank of America
Operator
Good afternoon, and welcome to the Werner Enterprises Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [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.
Chris Neil
Good afternoon, everyone. Earlier today, we issued our earnings release with our third quarter results. The release and the 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 provides 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.
Now I’ll turn the call over to Derek.
Derek Leathers
Thank you, Chris, and good afternoon, everyone. 2023 has presented us with a challenging operating environment. The third quarter was no different, and our financial results did not meet our expectations. Despite the difficult quarter, I’d like to start by thanking our 14,000-plus talented Werner team members for all that you do each day to uphold the Werner brand and reputation by staying true to our core values, making safety our top priority and providing superior service to our highly valued customers.
During the third quarter, we recognized for several awards that demonstrate our commitment to our associates, Newsweek named Werner as one of America’s Greatest Workplaces for 2023. In addition to being named one of America’s Greatest Workplaces for Diversity and for Parents and Families. These achievements highlight our focus on building a strong culture for all our team members. We are committed to remaining a company that enables and encourages our associates to thrive in their careers.