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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 National Corporation (NYSE: WNC) has announced its intention to sell the Beall brand of tank trailers and associated assets to MAC Trailer Enterprises Inc. for resource reallocation aimed at enhancing asset efficiency and focusing on scalable market opportunities. The sale, expected to close on December 31, 2020, saw Beall generate approximately $23 million in sales in 2019. Wabash plans to redirect efforts towards innovation and growth in parts and services, along with cold chain and home delivery markets.
Wabash National Corporation (NYSE:WNC) announced a quarterly dividend of $0.08 per share of common stock, payable on January 28, 2021. Stockholders of record will receive this payment on January 7, 2021. The company, based in Lafayette, Indiana, is known for its engineered solutions in transportation and logistics, manufacturing products like trailers and truck bodies. This dividend reflects the company’s ongoing commitment to returning value to shareholders.
Wabash National Corporation (NYSE: WNC) reported third-quarter 2020 revenues of $352 million, with stable shipment volumes. The company achieved a net income of $0.07 GAAP EPS, reflecting improved financial performance and demonstrating resilience. A successful completion of $20 million in run-rate savings from reorganizational actions helped maintain margins at 13%. Backlog reached $1 billion, up 37% since June 2020, indicating enhanced market sentiment. Operating cash flow stood at $107.1 million, with total liquidity of $383 million.
Wabash National Corporation (NYSE: WNC) has awarded the Pinnacle Award for Supplier of the Year to Hydro for its exceptional performance during challenging times. Hydro has supplied Wabash National with aluminum components for over 12 years, demonstrating outstanding commitment and efficiency in operations. Additionally, 23 companies received Platinum Awards for excellence in supply chain performance, while several others were recognized with Distinguished Supplier Awards. These recognitions highlight Wabash's reliance on its supply chain partners amid pandemic challenges.
Wabash National Corporation (NYSE: WNC) will host a webcast for its third-quarter 2020 earnings call on November 5, 2020, at 10:00 a.m. EST. The call will be accessible via phone and the company’s website, where related materials will also be posted by 7:00 a.m. ET on the same day. Wabash is a leader in engineered solutions for transportation, manufacturing products like trailers and truck bodies, aiming to support customers with innovative logistics solutions.
Wabash National Corporation (NYSE: WNC) announced a quarterly dividend of $0.08 per share, payable on October 22, 2020, to shareholders of record on October 1, 2020. As an innovation leader in engineered solutions for the transportation and logistics sectors, Wabash National manufactures a variety of products including trailers and truck bodies. The company emphasizes its commitment to customer success through innovative solutions.
Wabash National Corporation (NYSE: WNC) reported its second quarter 2020 results with revenues of $339.2 million and earnings per share of $0.00. Despite challenges from COVID-19, the company maintained productivity, limiting decremental margins to 15%. The liquidity position strengthened to $304 million, aided by the repayment of revolver advances. The backlog stood at approximately $750 million, down from $1.0 billion in Q1, but management anticipates positive free cash flow for 2020 while committing to maintaining dividends.
Wabash National Corporation (NYSE: WNC) will conduct a webcast to discuss its second quarter 2020 earnings on July 29, 2020, at 10:00 AM EST. Interested parties can access the live call and accompanying slides on the company’s website under the 'Investors' section. A replay will be available for one year post-call. The earnings press release and related materials will be posted on the company’s website by 7:00 AM ET on the same day. Wabash National specializes in engineered solutions for transportation and logistics, manufacturing a wide range of trailers and related products.
Wabash National Corporation (NYSE: WNC) declared a quarterly dividend of $0.08 per share, payable on July 23, 2020, to shareholders on record as of July 2, 2020. CFO Mike Pettit emphasized the company's expectation for positive free cash flow and noted improvements in business resilience and customer quality, supporting the commitment to dividends. Wabash focuses on engineered solutions in transportation and logistics, manufacturing products like trailers and truck bodies, contributing to a diversified product portfolio.
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