Werner Enterprises Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported operating revenues of $567,365,000 against $518,832,000 a year ago. Operating income was $45,061,000 against $34,956,000 a year ago. Income before income taxes was $45,427,000 against $35,179,000 a year ago. Net income was $141,134,000 or $1.94 per diluted share against $21,811,000 or $0.30 per diluted share a year ago. Capital expenditures, net were $77,740,000 against $135,593,000 a year ago. Cash flow from operations was $64,890,000 against $111,222,000 a year ago. Return on assets (annualized) was 31.6% against 5.0% a year ago. Return on equity (annualized) was 51.8% against 8.8% a year ago.

For the year, the company reported operating revenues of $2,116,737,000 against $2,008,991,000 a year ago. Operating income was $143,820,000 against $126,070,000 a year ago. Income before income taxes was $144,557,000 against $127,460,000 a year ago. Net income was $202,889,000 or $2.80 per diluted share against $79,129,000 or $1.09 per diluted share a year ago. Capital expenditures, net were $198,845,000 against $429,607,000 a year ago. Cash flow from operations was $281,838,000 against $312,397,000 a year ago. Return on assets (annualized) was 11.5% against 4.7% a year ago. Return on equity (annualized) was 19.5% against 8.2% a year ago.

For the year 2018, the company expects net capital expenditures for 2018 to be in the range of $300 million to $350 million.