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Stock impact report

Werner Enterprises Closes $245M FirstFleet Deal, Targets $18M Synergies and Dedicated Growth [Yahoo! Finance]

Werner Enterprises, Inc. (WERN) 
Last werner enterprises, inc. earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.werner.com
Company Research Source: Yahoo! Finance
of certain real estate, funded with cash, revolver borrowings and assumed capital leases. The transaction lifts trailing 12-month revenue from about $3.0 billion to roughly $3.6 billion and shifts the mix toward dedicated services (from ~ to ~ ), creating a combined fleet of more than 9,800 trucks with greater density in the eastern U.S. Werner expects about $18 million of annual synergies within 18 months, says the deal is immediately and double-digit accretive to EPS pre-synergies, and anticipates peak leverage around the low-2x range while keeping FirstFleet as a separate business unit with management largely intact. Interested in Werner Enterprises, Inc.? Here are five stocks we like better. Werner Enterprises (NASDAQ:WERN) outlined details of its acquisition of dedicated trucking operator FirstFleet during a business update conference call, describing the transaction as a strategic step to expand its dedicated transportation platform and increase the company's scale and n Show less Read more
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