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Wabash National Corporation (NYSE: WNC), headquartered in Lafayette, Indiana, is a leading industrial manufacturer in North America, specializing in the production of semi-trailers and liquid transportation systems. Established in 1985, the company offers a wide array of products including dry freight vans, refrigerated vans, platform trailers, liquid tank trailers, intermodal equipment, engineered products, and composite products. These innovative products are marketed under renowned brand names such as Wabash National®, Transcraft®, Benson®, DuraPlate®, Walker Transport, Walker Defense Group, Walker Barrier Systems, Walker Engineered Products, Brenner® Tank, Beall®, Garsite, Progress Tank, TST®, Bulk Tank International, and Extract Technology®.
Wabash National Corp operates as a pioneer in providing connected solutions for the transportation, logistics, and distribution industries. By designing and manufacturing a diverse range of products such as dry freight and refrigerated trailers, platform trailers, tank trailers, truck bodies, and specialty processing equipment, the company aims to enhance efficiency from the first to the final mile. The company's mission is to enable its customers to succeed with breakthrough ideas and solutions.
Recent achievements include a joint venture with Fernweh Group LLC, an investment firm specializing in industrial technology. This partnership aims to accelerate the development of Wabash's digital platform, enhancing the overall experience for dealers, customers, and suppliers through an integrated partner ecosystem. Ayna.AI has been chosen as the implementation partner to scale up this platform.
Wabash's financial condition remains strong, with ongoing projects and partnerships that emphasize digital transformation and service expansion, such as the Trailer-as-a-Service (TaaS) offering. This provides carriers and shippers with the capacity they need to maximize operational and freight efficiency through an extensive dealer channel and parts distribution network.
In addition to commercial success, Wabash places a high priority on safety and operational excellence, a commitment recognized through multiple awards. The company's platform trailer operation in Cadiz, Kentucky, saw an 81% reduction in Total Recordable Incident Rate (TRIR) from 2022 to 2024, a testament to their 'Respect for People' ethos.
Wabash continues to innovate and adapt to the industry's rapid changes, evidenced by its recognition of suppliers and the implementation of safety measures across its operations. The company remains dedicated to delivering pragmatic solutions that help move everything from first to final mile, continuously evolving to meet the needs of the future.
Wabash (NYSE: WNC) announced key executive appointments effective January 15, 2025. Drew Schwartzhoff has been named Senior Vice President and Chief Commercial Officer, bringing over 25 years of marketing and business leadership experience, including previous roles at C.H. Robinson. Donald Winston has been appointed Senior Vice President and Chief Operating Officer, with more than 25 years of manufacturing leadership experience from companies including Novolex, Closure Systems International, and Ford Motor Company.
The appointments aim to advance the company's growth strategy and enhance value delivery to customers, partners, and stakeholders. Additionally, Kevin Page will retire from his role as Senior Vice President and Chief Commercial Officer after eight years with Wabash, continuing in a senior advisory role through June 1, 2025.
Wabash (NYSE: WNC) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Wednesday, January 29, 2025, at 12:00 p.m. ET. The presentation will be accessible through a webcast on the company's website and via phone dial-in.
The earnings press release, slides, and related materials will be posted to Wabash's website by 7:00 a.m. ET on the day of the call. The company, headquartered in Lafayette, Indiana, specializes in transportation and logistics solutions, manufacturing products including dry and refrigerated trailers, truck bodies, platform trailers, and tank trailers.
Wabash also offers nationwide parts and service network through Wabash Marketplace and Wabash Parts, along with Trailers as a Service (TaaS)℠ solutions.
Wabash (NYSE: WNC) has been named to Newsweek's list of America's Most Responsible Companies for the third consecutive year, standing as the only trailer or truck body manufacturer on the 2025 list. The recognition is based on environmental, social, and corporate governance (ESG) performance.
The company has demonstrated significant achievements in safety and sustainability. Their facilities in San José Iturbide, Mexico, and Cadiz, Kentucky, received Plant Safety Awards from the Truck Trailer Manufacturers Association in 2024. The Cadiz facility notably achieved an 81% reduction in incident rates from 2022 to 2024.
Wabash is participating in a U.S. Department of Energy project aimed at decarbonizing commercial transportation, utilizing their proprietary EcoNex™ Technology to enhance thermal efficiency in refrigerated trailers. The company's Lafayette facility showcases their commitment to workplace innovation through targeted automation for improved safety and worker experience.
Wabash (NYSE: WNC) has announced its 2026 model year DuraPlate® Dry Van with significant enhancements. The new model features the Webb Vortex Drum with Wear Indicator, designed to improve brake performance and extend brake life by up to 25%. The van includes DuraPlate Cell Core panel construction, reducing trailer weight by 300 pounds for improved fuel efficiency, and the TrustLock® Plus System for secure door operation.
Additional features include flush mount intermediate logistics, upper ID/AUX stop light system, high-strength steel coupler, four-post rear impact guard, EZ 7-Way electrical housing, and LED light system. Production began on December 1, 2024, with units manufactured in the United States in an ISO 9001:2015 registered facility.
Wabash (NYSE: WNC) has renewed its strategic agreement with Goodyear as the preferred tire supplier for its van, tank and platform trailers. The partnership, extending a 15+ year relationship, provides Wabash customers with full-service tire management support through Goodyear's network of company-owned locations and dealerships. The agreement aims to enhance customer support, streamline tire management, and increase operational efficiency and uptime for Wabash's trailer operations.
Wabash (NYSE: WNC) has declared a regular quarterly dividend of $0.08 per share of common stock. The dividend will be paid on January 30, 2025, to stockholders of record on January 9, 2025. Wabash is a Lafayette, Indiana-based company providing connected solutions for transportation, logistics and distribution industries, manufacturing products including dry freight and refrigerated trailers, flatbed trailers, tank trailers, truck bodies, composite panels, and specialty food grade processing equipment.
Wabash (NYSE: WNC) announces expansion of its Parts and Services Distribution Network with 14 new locations across seven states. The expansion of the Preferred Partner Network enhances parts availability in areas not currently served by Wabash van trailer dealers. The network includes new locations from Blaine Brothers, Great Western Trailer, North American Trailer, and U.S. Trailer Parts & Supply across Minnesota, Wisconsin, New Mexico, Oklahoma, Texas, North Dakota, and Illinois. Wabash Parts, created in 2022, unifies the company's tech-enabled parts distribution capabilities across all Transportation Solutions product lines, utilizing dealer service capabilities and national wholesale distribution infrastructure.
Wabash (NYSE: WNC) reported Q3 2024 results with revenue of $464 million, down 26.7% year-over-year. The company took a $450 million non-cash charge related to a legal verdict, resulting in a GAAP operating loss of $433 million. Non-GAAP adjusted operating income was $17 million. Q3 GAAP EPS was $(7.53), while adjusted EPS was $0.19. Total backlog stood at $1.0 billion, down 22% from Q2 2024. The company reduced its full-year 2024 outlook, with revenue guidance lowered to $1.95 billion and non-GAAP adjusted EPS to $1.25.
Wabash (NYSE: WNC) has been awarded a $1.6 million grant from the U.S. Department of Energy Solar Energy Technologies Office for a three-year research project starting next year. In partnership with the University of Delaware's Center for Composite Materials, the project aims to integrate high-efficiency solar energy into refrigerated trailers and truck bodies, advancing zero-emission mid-mile transportation.
The project will combine Wabash's proprietary EcoNex™ Technology for enhanced thermal efficiency with the University of Delaware's TuFF technology, utilizing recycled aerospace-grade carbon fiber. This collaboration seeks to address key electrification challenges by reducing weight and energy consumption in commercial vehicles, potentially revolutionizing refrigerated transport and offering a truly green, well-to-wheel approach to energy consumption.
Wabash (NYSE: WNC) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Thursday, October 24, 2024, at 12:00 p.m. ET. The company will webcast the call along with an accompanying slide presentation on the 'Investors' section of its website, www.onewabash.com, under 'Events & Presentations'. Interested parties can also access the call by dialing (800) 715-9871 with conference ID 9986205.
A replay of the call will be made available shortly after its conclusion in the same section of Wabash's website. The company will post its earnings press release, earnings slides, and related presentation materials by 7:00 a.m. ET on the day of the call, which will remain accessible following the event.
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