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Wabash National Corp. - WNC STOCK NEWS

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.

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Wabash (NYSE: WNC) announced a quarterly dividend of $0.08 per share of its common stock, payable on July 25, 2024, to shareholders registered by July 3, 2024.

Wabash specializes in innovative solutions for transportation, logistics, and distribution industries. Their product range includes dry and refrigerated trailers, platform trailers, tank trailers, truck bodies, structural composite panels, trailer aerodynamic solutions, and specialty food-grade processing equipment.

The company emphasizes its mission to help customers succeed with breakthrough ideas, covering all stages from first to final mile.

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Wabash, a leader in transportation solutions, received two 2023 Plant Safety Awards for its operations in Mexico and Kentucky. The awards highlight the company's commitment to safety and operational excellence. The recognition is based on injury data from OSHA's Annual Summary Form 300A. Wabash's Cadiz operation significantly reduced its Total Recordable Incident Rate by 81% from 2022 to 2024, showcasing a strong culture of safety.

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Wabash recognizes outstanding suppliers for 2023 by awarding 42 top suppliers for supply chain excellence. Webb Wheel wins the Pinnacle Award as the supplier of the year. The company is praised for its commitment to quality and continuous improvement. Thirty-two companies earn Platinum Awards for excellence in supply chain performance. Several other companies receive Distinguished Supplier Awards for outstanding customer service and performance.
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Wabash reported Q1 2024 results with revenue of $515 million, operating income of $30 million, and diluted EPS of $0.39. Total backlog was $1.8B, with an outlook of $2.00 to $2.50 EPS. Despite slower customer pickups affecting revenue, the company maintains a positive outlook for 2024.
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Wabash (WNC) will webcast its quarterly earnings conference call to review financial results for the first quarter of 2024 on April 24, 2024. The call will be accessible on the company's website, with a replay available for one year. Earnings press release and slides will be posted on the website by 7:00 a.m. ET on the date of the call.
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Wabash (WNC) declares a quarterly dividend of $0.08 per share, showcasing its commitment to shareholders. The company focuses on innovative solutions for transportation industries, aiming to drive customer success with diverse product offerings. Despite positive outlook statements, risks like cyclical business nature and economic uncertainties exist.
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Wabash (WNC) announces an increase in share repurchase authorization of up to $150 million, totaling $180 million. The company highlights its strong balance sheet and free cash flow generation. Wabash remains committed to a balanced capital allocation strategy. The company is a leader in connected solutions for transportation, logistics, and distribution industries.
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Wabash (NYSE: WNC) reported quarterly revenue of $596 million with an operating income of $61.1 million and a diluted earnings per share of $1.07. The total backlog remained steady at $1.9 billion, with a 12-month backlog increasing by $100 million sequentially to $1.6 billion. The company initiated its 2024 outlook with midpoints of $2.3 billion revenue and diluted earnings per share of $2.25, achieving annual records for sales, operating income, and EPS in 2023.
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Wabash (NYSE: WNC) will webcast its quarterly earnings conference call to review its financial results for the fourth quarter 2023 on February 1, 2024. The call and presentation will be accessible on the company's website. A replay will be available for one year, and related materials will be posted on the website by 7:00 a.m. ET on the date of the earnings call.
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Wabash (NYSE: WNC) was recognized among Newsweek’s America’s Most Responsible Companies 2024. The company was honored for its commitment to environmental and social initiatives, making it the only trailer and truck body manufacturer to be recognized. Wabash President and CEO Brent Yeagy emphasized the company’s dedication to being a responsible corporate citizen. The recognition marks the second time in three years that Wabash has made the annual rankings.
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FAQ

What is the current stock price of Wabash National (WNC)?

The current stock price of Wabash National (WNC) is $15.6 as of January 30, 2025.

What is the market cap of Wabash National (WNC)?

The market cap of Wabash National (WNC) is approximately 680.6M.

What does Wabash National Corporation specialize in?

Wabash National Corporation specializes in the design and production of semi-trailers, liquid transportation systems, and various other transportation and logistics solutions.

Where is Wabash National Corporation headquartered?

The company is headquartered in Lafayette, Indiana.

What are some of the brands under Wabash National Corporation?

Brands include Wabash National®, Transcraft®, Benson®, DuraPlate®, Walker Transport, Walker Defense Group, Walker Barrier Systems, Brenner® Tank, Beall®, Garsite, Progress Tank, TST®, Bulk Tank International, and Extract Technology®.

What recent achievements has Wabash National Corporation made?

Wabash has partnered with Fernweh Group LLC to develop a digital platform aimed at enhancing experiences for dealers, customers, and suppliers.

What is Wabash National Corporation's mission?

The company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from the first to the final mile.

What is Trailer-as-a-Service (TaaS) offered by Wabash?

TaaS provides carriers and shippers with the capacity they need to maximize operational and freight efficiency through Wabash’s extensive dealer channel and parts distribution network.

How has Wabash National Corporation prioritized safety?

Wabash places high importance on safety, evidenced by significant reductions in incident rates and recognition in safety awards.

Who are the partners involved in Wabash’s latest joint venture?

The joint venture involves Wabash National Corporation, Fernweh Group LLC, and Ayna.AI as the implementation partner.

What type of products does Wabash design and manufacture?

Wabash designs and manufactures products such as dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, and specialty food-grade processing equipment.

How does Wabash National Corporation support its customers?

The company supports its customers by providing innovative, connected solutions that enhance operational efficiency and meet evolving industry needs.
Wabash National Corp.

NYSE:WNC

WNC Rankings

WNC Stock Data

680.61M
41.59M
2.95%
110.57%
7.67%
Farm & Heavy Construction Machinery
Truck Trailers
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United States of America
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