Welcome to our dedicated page for Wabash National news (Ticker: WNC), a resource for investors and traders seeking the latest updates and insights on Wabash National stock.
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 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.
Wabash National Corporation (NYSE: WNC) has successfully completed a $400 million offering of senior unsecured notes due in 2028, priced at a 4.50% annual coupon. The company also amended its revolving credit facility, increasing it by $50 million to $225 million. These measures enhance Wabash's balance sheet, providing sustainable capital for growth. Proceeds will fund the full redemption of 5.50% Senior Notes due 2025 and repay borrowings under the Term Loan Credit Agreement due 2027. This strategic shift supports Wabash's focus on innovation in transportation and logistics.
Wabash National Corporation (NYSE: WNC) will host a webcast of its quarterly earnings conference call on November 9, 2021, at 10:00 a.m. ET, to discuss its third quarter 2021 financial results. The call can be accessed via phone at (833) 476-0947 with conference ID 3504758, and a replay will be available for one year after the event. Earnings materials will be released by 7:00 a.m. ET on the same day and can be found in the 'Investors' section of the company’s website. Wabash National specializes in engineered solutions for the transportation and logistics sectors.
Wabash National Corporation (NYSE: WNC) announced a private offering of $400 million in senior unsecured notes due 2028, with a 4.50% interest rate. The funds will be used to redeem existing 5.50% Senior Notes due 2025 and repay part of its Term Loan Credit Agreement. Closing is anticipated on October 6, 2021, pending customary conditions. The notes will not be registered under the Securities Act and are offered to qualified institutional buyers only. The press release includes forward-looking statements encompassing potential risks, including economic conditions and supply chain disruptions.
Wabash National Corporation (NYSE: WNC) announced the opening of a new facility in Groveport, Ohio, aimed at enhancing its cargo van and truck body upfitting capabilities. This strategic expansion aligns with the company's growth initiatives in cold chain, home delivery, and parts and service. The site will provide a range of upfit solutions, including shelving, liftgates, and thermal solutions, and will stock Supreme truck bodies and Gruau insulated inserts. Wabash aims to improve productivity for customers by delivering tailored solutions swiftly.
Wabash National Corporation (NYSE: WNC) has released its second Corporate Responsibility Report, providing insights into its environmental, social, and governance (ESG) efforts for 2020. The report highlights the company’s commitment to sustainability and social responsibility with initiatives such as lower-carbon product designs, waste reduction standards, community investments, and leadership development programs. Prepared in alignment with TCFD recommendations and SASB metrics, the report reflects Wabash National’s vision of 'Changing How the World Reaches You.'
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