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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 plans to introduce a new walk-in cargo van by 2023, enhancing its home delivery solutions portfolio. The company collaborates with EDAG Group for design and engineering, focusing on innovative body and cab designs. This new product aims to address the growing demand for efficient home delivery driven by e-commerce. Wabash has already launched a refrigerated truck body utilizing its patented molded structural composite technology, reinforcing its commitment to sustainability. Production of the cargo van is expected to commence by the end of 2022.
Wabash (NYSE: WNC) is set to host a virtual investor meeting on May 19, 2022, where company leadership will provide a detailed overview of its strategies and refreshed reporting segments: Transportation Solutions and Parts and Services. CEO Brent Yeagy and CFO Mike Pettit will discuss growth initiatives and financial objectives, with a Q&A session scheduled. The meeting will take place from 10:00 a.m. to 12:00 p.m. EST. Interested investors can register online.
Wabash (NYSE:WNC) announced on December 13, 2021, that Brent Yeagy, the president and CEO, will speak at the Vertical Research Partners Supply Chain Summit on December 14, 2021, at 3:20 PM ET. The company, headquartered in Lafayette, Indiana, specializes in engineered solutions for the logistics and transportation sectors, manufacturing products such as trailers and truck bodies. Wabash aims to drive customer success through innovative solutions and has a diverse product range sold under multiple brand names.
Wabash (NYSE:WNC) presented at the Stephens Investment Conference on December 1, 2021, where CEO Brent Yeagy highlighted ongoing challenges in supply chain dynamics but noted robust demand in their transportation solutions portfolio. The company's backlog reached a record $2.3 billion, indicating strong order volumes. As Wabash evolves its partnerships with strategic customers, discussions are shifting towards multi-year frameworks to address long-term growth and equipment needs.
Wabash (NYSE:WNC) has launched a new light-duty, home delivery refrigerated truck body utilizing its patented molded structural composite (MSC) technology. This innovation follows an initial order exceeding $10 million from a major grocery retailer, set for delivery in H1 2022. The truck body aims to enhance cargo capacity and productivity, featuring unique design elements for temperature control. Wabash is also developing more solutions for the refrigerated market in response to rising ecommerce demands, emphasizing sustainability and improved fuel efficiency through MSC technology.
Wabash (NYSE:WNC) announced that President and CEO Brent Yeagy will present at the Stephens Annual Investment Conference on December 1, 2021, at 3:00 p.m. CST. This event emphasizes Wabash's position as an innovation leader in engineered solutions for the transportation, logistics, and distribution industries. The presentation will also be webcast live at ir.wabashnational.com. Wabash designs a variety of products, including trailers and truck bodies, under several well-known brand names.
Wabash National Corporation (NYSE:WNC) has declared a quarterly dividend of $0.08 per share, with a payment date of January 27, 2022. Stockholders of record as of January 6, 2022 will receive this dividend. The company, a leader in engineered solutions for transportation and logistics, expresses confidence in its operational strategies and upcoming product innovations. Wabash National continues to adapt to market demands while facing challenges, including economic uncertainties and increased competition.
Wabash National Corporation (WNC) reported a 37.3% year-over-year increase in Q3 2021 net sales, reaching $482.6 million. The operating income was $18.3 million, leading to earnings per share of $0.22, exceeding prior forecasts. The company’s backlog hit a record of $1.9 billion, up 87% from the previous year. For the full year, WNC adjusted its EPS outlook to between $0.60 and $0.65, citing increased supply chain costs. The new segment reporting structure aims to improve transparency and operational focus.
Wabash National Corporation (NYSE: WNC) has entered into a 10-year agreement with Hydro to secure aluminum supply for its trailer production. This partnership will support Wabash's demand for various trailers, including dry van and refrigerated models, through 2031. The agreement coincides with Wabash's plans to enhance its production capacity starting in early 2023. Both companies aim for a shared vision of sustainability, leveraging their strengths to innovate and optimize operations. Hydro has been a supplier to Wabash for over 12 years, recognized for its quality and sustainability initiatives.
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