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OMAHA - Werner Enterprises, Inc. (NASDAQ:WERN), a major transportation and logistics company, announced Monday that its Board of Directors has approved a new stock repurchase program authorizing the buyback of up to 5 million shares of common stock. According to InvestingPro data, management has been consistently aggressive with share repurchases, while the company currently trades at a P/E ratio of 30.4x with a market capitalization of $1.55 billion.
The new program replaces the previous authorization, which had approximately 1.8 million shares remaining available for repurchase. The timing of stock repurchases will depend on market conditions and other factors, according to a company press release.
In the same announcement, Werner’s board declared a regular quarterly cash dividend of $0.14 per common share, payable on October 22, 2025, to stockholders of record as of October 6, 2025. The company noted it has maintained a quarterly dividend payment since July 1987.
Werner Enterprises, which reported revenues of $3.0 billion in 2024, provides truckload transportation and logistics services throughout the United States, Mexico, and Canada. The company employs nearly 13,000 associates and offers dedicated and one-way truckload services as well as logistics services including truckload brokerage, freight management, intermodal, and final mile delivery. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 1.74, indicating liquid assets comfortably exceed short-term obligations. Discover more insights about Werner’s financial performance and 6 additional ProTips with an InvestingPro subscription.
The announcement comes as part of the company’s regular capital allocation strategy. Werner did not provide specific reasons for increasing its share repurchase authorization in the press release statement. With net income expected to decline this year according to InvestingPro forecasts, investors seeking deeper insights can access the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, Werner Enterprises reported its second-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.11. This figure surpassed the consensus estimate of $0.05, marking a significant positive surprise. The company also reported revenues of $753 million, slightly above the forecast of $732.19 million, though this represented a 1% decrease compared to the previous year. Despite the strong earnings performance, Stifel lowered its price target for Werner Enterprises to $25 from $26, while maintaining a Hold rating on the stock. The adjustment in the price target reflects considerations of the company’s operating leverage at current margin levels. These developments come amidst a backdrop of mixed financial results for the transportation company.
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