Wabash Announces Quarterly Dividend

Rhea-AI Summary

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.

Positive

• Quarterly dividend of $0.08 per share declared.
• Dividend payment date set for July 25, 2024.
• Record date for shareholders set as July 3, 2024.
• Company’s focus on innovation in transportation and logistics.
• Diverse product range including trailers, truck bodies, and aerodynamic solutions.
• Mission to enable customer success with breakthrough ideas.

Negative

• The PR did not provide any financial performance metrics such as revenue or profit figures.
• No mention of potential business risks or challenges.
• Lack of information on shareholder dilution or financial losses.
• Absence of any concrete data on market position or growth projections.

LAFAYETTE, Ind., May 21, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company’s common stock, payable on July 25, 2024, to stockholders of record on July 3, 2024.

Wabash: Changing How the World Reaches You
As the innovation leader of connected solutions for the transportation, logistics and distribution industries, Wabash (NYSE: WNC) is Changing How the World Reaches You^®. Headquartered in Lafayette, Indiana, the company’s mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. Learn more at www.onewabash.com.

Safe Harbor Statement
This press release contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey the Company’s current expectations or forecasts of future events. All statements contained in this press release other than statements of historical fact are forward-looking statements. These forward-looking statements include, among other things, all statements regarding the Company’s outlook for trailer and truck body shipments, backlog, expectations regarding demand levels for trailers, truck bodies, non-trailer equipment and our other diversified product offerings, pricing, profitability and earnings, cash flow and liquidity, opportunity to capture higher margin sales, new product innovations, our growth and diversification strategies, our expectations for improved financial performance during the course of the year and our expectations with regards to capital allocation. These and the Company’s other forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Without limitation, these risks and uncertainties include the highly cyclical nature of our business, uncertain economic conditions including the possibility that customer demand may not meet our expectations, our backlog may not reflect future sales of our products, increased competition, reliance on certain customers and corporate partnerships, risks of customer pick-up delays, shortages and costs of raw materials including the impact of tariffs or other international trade developments, risks in implementing and sustaining improvements in the Company’s manufacturing operations and cost containment, dependence on industry trends and timing, supplier constraints, labor costs and availability, customer acceptance of and reactions to pricing changes, costs of indebtedness, and our ability to execute on our long-term strategic plan. Readers should review and consider the various disclosures made by the Company in this press release and in the Company’s reports to its stockholders and periodic reports on Forms 10-K and 10-Q.

Media Contact:
Dana Stelsel
Director, Communications
(765) 771-5766
dana.stelsel@onewabash.com

Investor Relations:
Ryan Reed
Director, Corporate Development & Investor Relations
(765) 490-5664
ryan.reed@onewabash.com

FAQ

What dividend did Wabash announce for Q2 2024?

Wabash announced a quarterly dividend of $0.08 per share for Q2 2024.

When is the dividend payment date for Wabash (WNC)?

The dividend payment date is July 25, 2024.

What is the record date for Wabash's (WNC) Q2 2024 dividend?

The record date for the Q2 2024 dividend is July 3, 2024.

What industries does Wabash (WNC) serve?

Wabash serves the transportation, logistics, and distribution industries.

What products does Wabash (WNC) manufacture?

Wabash manufactures dry and refrigerated trailers, platform trailers, tank trailers, truck bodies, structural composite panels, trailer aerodynamic solutions, and specialty food-grade processing equipment.