SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 16, 1997
WERNER ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
NEBRASKA 0-14690 47-0648386
(State or other jurisdiction of (Commission File (IRS Employer
incorporation or organization) Number) Identification No.)
INTERSTATE 80 & HIGHWAY 50
POST OFFICE BOX 45308
OMAHA, NEBRASKA 68145 (402)895-6640
(Address of principal (Zip Code) (Registrant's telephone number)
executive offices)
<PAGE>
ITEM 5. OTHER EVENTS.
On July 16, 1997, the registrant issued a news release announcing its
operating revenues and earnings for the second quarter ended June 30, 1997. A
copy of the news release is filed as an exhibit to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit 99.1 News release issued by the registrant on July 16, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WERNER ENTERPRISES, INC.
Date: July 18, 1997 By: /s/ John J. Steele
John J. Steele
Vice President, Treasurer and
Chief Financial Officer
Date: July 18, 1997 By: /s/ James L. Johnson
James L. Johnson
Corporate Secretary and Controller
Exhibit 99.1
WERNER ENTERPRISES, INC.
Interstate 80 & Highway 50
P. O. Box 45308
Omaha, Nebraska 68145-0308
FOR IMMEDIATE RELEASE Contact: Robert E. Synowicki, Jr.
- --------------------- (402) 894-3000
Omaha, Nebraska, July 16, 1997:
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Werner Enterprises, Inc. (Werner), a nationwide full-service
transportation company, today reported its operating revenues and net
income for the second quarter ended June 30, 1997. Operating revenues
increased 21% to $193,635,000 compared to $159,640,000 for the same
quarter of the prior year. Net income increased 25% to $12,532,000
($.33 per share) for the second quarter of 1997, compared to
$10,023,000 ($.27 per share) for the second quarter of 1996. Werner's
revenue growth was due primarily to a 17% increase in the average
number of tractors in service and a 2% increase in revenue per truck
per week compared to the same quarter of the previous year. Increased
revenue from logistics transportation services also contributed to the
growth.
On August 9, 1996, Werner issued shares for a three-for-two common
stock split effected in the form of a 50% stock dividend from
authorized and unissued shares to stockholders of record on July 26,
1996. The number of shares of stock and the per share amounts below
reflect the effect of the stock split.
Quarter Ended June 30 1997 1996
- --------------------- ---- ----
Operating revenues $193,635,000 $159,640,000
Net income $ 12,532,000 $ 10,023,000
Average common shares outstanding 38,182,000 37,795,000
Earnings per share $ .33 $ .27
Six Months Ended June 30 1997 1996
- ------------------------ ---- ----
Operating revenues $365,684,000 $307,543,000
Net income $ 19,981,000 $ 17,311,000
Average common shares outstanding 38,086,000 37,787,000
Earnings per share $ .52 $ .46
The Company's common stock is traded on the Nasdaq National Market
tier of the Nasdaq Stock Market under the symbol WERN.
