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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) announces expansion of its service portfolio with a new Ready-to-Mount Program and the opening of a Parts and Services facility in Gary, Indiana this April. The program offers pre-built dry freight and platform bodies with mounting options completed within weeks.
The company's seventh Parts and Services center will provide customizable solutions including shelving, telematics, and trade-specific packages, with some completed in 10 days. In 2024, Wabash upfitted over 1,100 truck bodies through its network.
At Work Truck Week 2025, Wabash will showcase innovations including:
- Medium Duty Acutherm™ Refrigerated Truck Body with EcoNex™ Technology, offering 25% thermal efficiency and 15% weight reduction
- EcoNex Technology Cost Savings Calculator
- Dry Freight Truck Body with DuraPlate® Technology
Wabash (NYSE: WNC) has acquired TrailerHawk.ai, a provider of advanced cargo security and smart access management technologies, to enhance its Trailers as a Service (TaaS) offering. The integration strengthens Wabash's ability to provide logistics providers with improved freight security, visibility, and operational efficiency.
The acquisition brings key benefits including advanced cargo security through smart access management, verified asset chain of custody with actionable insights, and enhanced operational flexibility through seamless TaaS integration. TrailerHawk.ai's Founder and CEO Brett Suma will join Wabash Marketplace to lead the development and scaling of TaaS and TrailerHawk.ai solutions.
This strategic move reinforces Wabash's commitment to merging physical and digital technologies, creating connected ecosystems that improve supply chain efficiency. The company will host a LinkedIn Live virtual event on February 14, 2025, to discuss the acquisition details.
Wabash (NYSE: WNC) has declared a regular quarterly dividend of $0.08 per share of common stock, payable on April 24, 2025, to stockholders of record on April 3, 2025. The company specializes in combining physical and digital technologies to deliver innovative supply chain solutions across transportation, logistics, and infrastructure markets.
Based in Lafayette, Indiana, Wabash manufactures and services a comprehensive range of products including dry and refrigerated trailers, truck bodies, platform trailers, tank trailers, and structural composites. Through the Wabash Marketplace and Wabash Parts, the company provides nationwide parts and service network access, Trailers as a Service (TaaS), and advanced operational tools.
Wabash (NYSE: WNC) reported Q4 2024 results with revenue of $416.8M and operating income of $3.6M. The company posted a quarterly net loss of $1.0M, or $(0.02) per diluted share. For full-year 2024, revenue reached $1.95B with a non-GAAP adjusted operating income of $94M (4.8% of sales). The company reported an adjusted EBITDA of $162.7M for 2024, representing 8.4% of net sales.
Total backlog increased to $1.2 billion, with $813M expected to be shipped within 12 months. For 2025, Wabash provided guidance with sales ranging from $1.9B to $2.1B and earnings per diluted share between $0.85 to $1.05. The company expects strongest performance in Truck Bodies and Parts & Services segments, viewing 2025 as a transitional year.
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.
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