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 (NYSE: WNC) will participate in the upcoming Work Truck Week from March 7-10, 2023, in Indianapolis. This event is North America's largest work truck gathering, showcasing Wabash’s innovative solutions aimed at transforming fleet operations. The company plans to reveal lightweight equipment enhanced with proprietary composite technologies, aligning with the growing demand for carbon reduction in logistics. Wabash will display various models including the Acutherm Refrigerated Delivery Body and Dry Freight Body on electric chassis, emphasizing their commitment to sustainable solutions in the industry.
Wabash (NYSE: WNC), a leader in transportation solutions, announced that CEO Brent Yeagy will speak at ACT Research’s OUTLOOK Seminar 68 on February 22, 2023, in Columbus, Indiana. His presentation, titled “Understanding the Dynamic Changes within Logistics that Are Altering the Future of the Trailer and Truck Body Markets,” will focus on the impact of evolving supply chain dynamics, the rise of e-commerce, and sustainability on the transportation equipment industry. Yeagy emphasizes the need for new perspectives in addressing customer demands as traditional models become less relevant.
Seminar attendees include industry executives and decision-makers.
Wabash (NYSE: WNC) announced a quarterly dividend of $0.08 per share, payable on April 27, 2023, to stockholders of record as of April 6, 2023. The company is a leader in transportation, logistics, and distribution solutions, focusing on innovation and delivering practical solutions. It designs and manufactures a variety of products, including trailers and truck bodies. The press release includes forward-looking statements related to demand levels, profitability, and potential risks including economic conditions, competition, and supply chain challenges.
Wabash reported record financial results for Q4 2022, with revenue of $657.4 million and earnings per diluted share of $0.84. The operating income reached $57.7 million, yielding an operating margin of 8.8%. Full year revenue reached $2.5 billion, with a net income of $112.3 million, also marking record levels. The total backlog increased to approximately $3.4 billion, supported by a long-term agreement with J.B. Hunt. For 2023, the company forecasts revenue in the range of $2.8 to $3.0 billion and earnings per share of $2.70 to $3.00.
Wabash (NYSE: WNC) has announced a strategic 10-year agreement with Ryerson, a leading industrial metals distributor. This partnership will see Ryerson supply Wabash with steel, stainless steel, and aluminum products for their range of trailers, including DuraPlate® and Acutherm™. Wabash's VP of Global Procurement highlighted that this agreement aligns with their production needs and enhances supply chain efficiency. Ryerson has been a reliable supplier for over a decade. This marks Wabash's second substantial supply agreement in 18 months, reflecting their strategy to strengthen supplier relationships and optimize production capabilities.
Wabash (NYSE: WNC) has entered a multi-year supply agreement with J.B. Hunt Transport Inc., enhancing its supply chain strategy. This partnership marks Wabash's intent to build a demand backlog that strategically looks beyond a year, ensuring stability in supply amid changing market conditions. The agreement includes the provision of over 15,000 trailers to J.B. Hunt, which will help optimize their logistics operations. This is complemented by a 10-year aluminum supply agreement, facilitating Wabash’s capacity expansion in 2023.
Wabash (NYSE: WNC) will host a webcast for its quarterly earnings conference call on February 2, 2023, at 11:00 a.m. ET, to discuss the financial results for Q4 and the full year of 2022. A presentation will accompany the call, available on Wabash's website. Participants can join the call by dialing (888) 440-6928 with conference ID 6579482. The earnings release and related materials will be posted on the 'Investors' section of the website by 7:00 a.m. ET on the same day.
Loadsmith, a leading Capacity-as-a-Service (CaaS) logistics platform, has partnered with Wabash (NYSE: WNC) to enhance its service offerings through Wabash's Trailers as a Service (TaaS) program. This multi-year agreement will introduce Loadsmith-branded DuraPlate® dry van trailers, providing carriers and shippers with needed capacity to improve operational efficiency. The collaboration aims to support smaller carriers in accessing extensive freight networks without significant capital investments, while Loadsmith's integrated technology platform facilitates real-time trailer booking and tracking.
FAQ
What is the current stock price of Wabash National (WNC)?
What is the market cap of Wabash National (WNC)?
What does Wabash National Corporation specialize in?
Where is Wabash National Corporation headquartered?
What are some of the brands under Wabash National Corporation?
What recent achievements has Wabash National Corporation made?
What is Wabash National Corporation's mission?
What is Trailer-as-a-Service (TaaS) offered by Wabash?
How has Wabash National Corporation prioritized safety?
Who are the partners involved in Wabash’s latest joint venture?
What type of products does Wabash design and manufacture?
How does Wabash National Corporation support its customers?
