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investor_presentation
Format: PDF investor_presentation
Werner Enterprises investor presentation dated August 2022.
INVESTOR PRESENTATION
DISCLOSURE STATEMENT
This presentation may contain forward -looking statements within themeaning ofSection 27AoftheSecurities Actof1933 ,asamended, andSection 21Eof
theSecurities Exchange Actof1934 ,asamended, andmade pursuant tothesafe harbor provisions ofthePrivate Securities Litigation Reform Actof1995 ,as
amended .Such forward -looking statements arebased oninformation presently available totheCompany’s management andarecurrent only asofthedate
made .Such statements arebynature subject touncertainties andrisks, including butnotlimited to,theimpact ofthecoronavirus pandemic (COVID -19)and
theoperational, financial andlegal risks detailed intheCompany’s Annual Report onForm 10-Kfortheyear ended December 31,2021 ,andsubsequently
filed Quarterly Reports onForm 10-Q.These risks anduncertainties could cause actual results orevents todiffer materially from historical results orthose
Forthose reasons, undue reliance should notbeplaced onanyforward -looking statement .TheCompany assumes noduty orobligation toupdate orrevise
anyforward -looking statement, although itmay dosofrom time totime asmanagement believes iswarranted orasmay berequired byapplicable securities
law.Anysuch updates orrevisions may bemade byfiling reports withtheU.S.Securities andExchange Commission, through theissuance ofpress releases
orbyother methods ofpublic disclosure .
Non-GAAP Financial Measures andReconciliations
Tosupplement ourfinancial results presented inaccordance with generally accepted accounting principles intheUnited States ofAmerica (“GAAP”), we
provide certain non-GAAP financial measures asdefined bytheSEC Regulation G,including non-GAAP adjusted operating income ;non-GAAP adjusted
operating margin ;non-GAAP adjusted operating margin, netoffuelsurcharge ;non-GAAP adjusted netincome attributable toWerner, non-GAAP adjusted
diluted earnings pershare ;non-GAAP adjusted operating revenues, netoffuelsurcharge ;non-GAAP adjusted operating expenses, netoffuelsurcharge ;and
non-GAAP adjusted operating ratio, netoffuel surcharge .Webelieve these non-GAAP financial measures provide amore useful comparison ofour
performance from period toperiod because they exclude theeffect ofitems that, inouropinion, donotreflect ourcore operating performance .Ournon-GAAP
financial measures arenotmeant tobeconsidered inisolation orassubstitutes fortheir comparable GAAP measures andshould beread only inconjunction
with ourconsolidated financial statements prepared inaccordance with GAAP .There arelimitations tousing non-GAAP financial measures .Although we
believe thatthey improve comparability inanalyzing ourperiod -to-period performance, they could limitcomparability toother companies inourindustry ifthose
companies define these measures differently .Because ofthese limitations, ournon-GAAP financial measures should notbeconsidered measures ofincome
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