Wabash National Corp. - WNC STOCK NEWS

Wabash (NYSE: WNC) will participate in the Raymond James Diversified Industrials Conference on August 23, 2022, in New York City. CFO Mike Pettit is set to engage in a fireside chat at 8:00 a.m. ET, where he will outline the company's refreshed strategy aimed at meeting its 2025 financial targets of $3.0 billion in revenue, an 11% EBITDA margin, and $3.50 EPS. Investors can access the live or archived webcast via Wabash's Investor Relations site.

Wabash (NYSE: WNC) announced an expansion of its EcoNex™ Technology manufacturing capacity in Little Falls, Minn., with a $20 million investment aimed at meeting customer demand for refrigerated transport solutions. This initiative is expected to create over 200 jobs by the end of 2023. EcoNex Technology, made from environmentally friendly materials, significantly reduces greenhouse gas emissions by saving up to 13.5 metric tons of CO2e per refrigerated trailer annually. The technology's applications are expanding beyond trailers, enhancing thermal efficiency while reducing weight and corrosion.

Wabash (NYSE: WNC) reported record quarterly revenue of $642.8 million for Q2 2022, a 43.0% increase year-over-year, driven by strong customer demand and new trailer shipments. Operating income rose to $35.9 million, with an operating margin of 5.6%. Diluted earnings per share stood at $0.46, consistent with prior outlook. The company maintains its full-year revenue outlook of $2.5 billion and EPS of $1.90. With a robust backlog of $2.3 billion, Wabash is positioned for continued growth despite seasonal fluctuations in trailer orders.

Wabash (NYSE: WNC) has partnered with FreightVana to support its FreightVana X power-only offering, which aims to enhance supply chain efficiency. This partnership focuses on optimizing trailer pools to benefit smaller trucking companies and large shippers. Wabash will provide trailers and services through its Trailers as a Service (TaaS) platform, promoting recurring revenue growth.

FreightVana X anticipates deploying over 1,000 trailers by the end of 2022 and scaling to 3,000 by the end of 2023, addressing driver shortages and improving operational fluidity within the logistics sector.

Wabash (NYSE: WNC) has announced the rebranding of its trailers featuring a new logo, unifying its products and services under the 'One Wabash' initiative. This strategic move is part of Wabash's broader goals, including enhancing community relationships and integrating a customer-centric operating model. The company aims to reinforce its market position by leveraging a cohesive identity across its entire product line, expected to be completed by year-end. Wabash continues to focus on innovation, illustrated by this rebranding effort.

Wabash (NYSE: WNC) will host a quarterly earnings conference call on July 27, 2022, at 11:00 a.m. ET to discuss its second quarter 2022 financial results. Interested parties can access the call via telephone or through a webcast available on Wabash's website. An earnings press release and slide presentation will be posted by 7:00 a.m. ET on the same day. A replay will be available for one year following the call. This provides investors with insights into the company's financial performance and strategy.

Wabash (NYSE: WNC) has unveiled its refreshed strategy targeting significant growth by 2025, aiming for $3.0B in revenue and $3.50 in earnings per share (EPS), nearly doubling EPS over the period. Key initiatives focus on cold chain solutions, parts and services, and addressing e-commerce disruptions. The company emphasizes customer-centric innovation through its First to Final Mile solutions, alongside enhanced R&D efforts. A virtual investor meeting will detail these strategies, showcasing how they align with rising demand for logistics solutions.

Wabash (NYSE: WNC) announced the launch of a new tech-enabled parts distribution network aimed at enhancing its service delivery in the transportation industry. This network will consolidate Wabash's parts distribution capabilities across all product lines, facilitating faster deliveries and an extensive selection of well-stocked parts. The initiative is designed to address supply chain challenges and improve customer experiences with increased inventory and streamlined service through a unified channel. Further expansion of parts distribution for other product lines is expected throughout 2022.

Wabash National Corporation (NYSE: WNC) has announced a regular quarterly dividend of $0.08 per share, payable on July 28, 2022, to stockholders of record on July 7, 2022. As a leader in transportation solutions, Wabash focuses on manufacturing and servicing a diverse range of products, including trailers and truck bodies. The company aims to leverage its innovations and market insights to enhance its financial performance, although it notes risks such as customer demand fluctuations and raw material costs.