Werner Enterprises saw a boost in operating income due to the reversal of liabilities from a Texas Supreme Court victory, resulting in a $45.7 million benefit. Revenues were down 1% year-on-year but up 5.8% sequentially, exceeding Wall Street forecasts by $18.8 million at $753.1 million.

Investors reacted positively to Werner’s earnings report, with the stock up 2.52% after hours. The company reported an overall operating ratio of 87.6%, making it one of the most efficient truckload operators this quarter.

Werner reduced its net capital expenditures forecast for the year from $185 million-$235 million to $145 million-$185 million. Cash flow improved to $46 million sequentially but was down 58% from the previous year.

In the Truckload Transportation Services segment, average revenues per truck per week increased to $4,632. The fleet size also grew sequentially to 7,545 trucks in the second quarter.

Werner’s stock price is down 29.2% over the last year but has seen a slight gain in the last three months. The company continues to make adjustments to improve efficiency and financial performance.

Read more at Yahoo Finance: Werner’s quarterly report impacted by its nuclear verdict victory; stock rises