EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2026

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to Werner by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) attributable to Werner by the weighted average number of common shares outstanding plus the effect of dilutive potential

common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock awards. Performance awards are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. Since the Company had a net loss for the three months ended March 31, 2026 and 2025, diluted loss per share is the same as basic loss per share as the inclusion of potential common shares outstanding would have been antidilutive. The potential shares of common stock that were excluded from the computation of diluted loss per share for the three months ended March 31, 2026 and 2025, were 244,155 shares and 182,605 shares, respectively. There are no differences in the numerators of our computations of basic and diluted loss per share for any periods presented.

The computation of basic and diluted loss per share is shown below (in thousands, except per share amounts).


	Three Months Ended March 31,
	2026		2025
Net loss attributable to Werner	$	(4,262)	$	(10,098)
Weighted average common shares outstanding	59,910		61,890
Dilutive effect of stock-based awards	—		—
Shares used in computing diluted loss per share	59,910		61,890
Basic loss per share	$	(0.07)	$	(0.16)
Diluted loss per share	$	(0.07)	$	(0.16)