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):
January 21, 1998
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.)
14507 FRONTIER ROAD
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 January 21, 1998, the registrant issued a news release announcing its
operating revenues and earnings for the fourth quarter and year ended December
31, 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 January 21, 1998.
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: January 23, 1998 By: /s/ John J. Steele
John J. Steele
Vice President, Treasurer and
Chief Financial Officer
Date: January 23, 1998 By: /s/ James L. Johnson
James L. Johnson
Corporate Secretary and Controller
Exhibit 99.1
WERNER ENTERPRISES, INC.
14507 Frontier Road
P. O. Box 45308
Omaha, Nebraska 68145
FOR IMMEDIATE RELEASE Contact: Robert E. Synowicki, Jr.
- --------------------- (402) 894-3000
WERNER ENTERPRISES, INC. REPORTS RECORD 1997 EARNINGS
Omaha, Nebraska, January 21, 1998:
- ----------------------------------
Werner Enterprises, Inc. (Werner), a nationwide full-service
transportation company, today reported its operating revenues and
earnings for the fourth quarter and year ended December 31, 1997.
Operating revenues increased 22% to $206,174,000 for the 1997 fourth
quarter compared to $168,576,000 for the same period of 1996. Fourth
quarter net income increased 23% to $14,198,000 ($.37 per share) in
1997 compared to $11,512,000 ($.30 per share) for the 1996 fourth
quarter.
Operating revenues increased 20% to $772,095,000 for 1997 compared to
$643,274,000 for the prior year. Net income increased 19% to
$48,378,000 ($1.27 per share) for 1997, compared to $40,555,000 ($1.07
per share) for 1996.
Quarter Ended December 31 1997 1996
- ------------------------- ---- ----
Operating revenues $206,174,000 $168,576,000
Net income $ 14,198,000 $ 11,512,000
Average common shares outstanding 38,342,000 37,983,000
Diluted shares outstanding 38,547,000 38,195,000
Earnings per share $.37 $.30
Diluted earnings per share $.37 $.30
Year Ended December 31 1997 1996
- ---------------------- ---- ----
Operating revenues $772,095,000 $643,274,000
Net income $ 48,378,000 $ 40,555,000
Average common shares outstanding 38,205,000 37,873,000
Diluted shares outstanding 38,367,000 38,060,000
Earnings per share $1.27 $1.07
Diluted earnings per share $1.26 $1.07
The Company's common stock is traded on the Nasdaq National Market
tier of The Nasdaq Stock Market under the symbol WERN.
