S&P Futures
3,792.75-24.00(-0.63%)Dow Futures
31,092.00-144.00(-0.46%)Nasdaq Futures
12,579.25-102.50(-0.81%)
Wabash National Corporation (WNC)
Chart Events
Performance Outlook
| Previous Close | 17.49 |
| Open | 17.53 |
| Bid | 0.00 x 800 |
| Ask | 18.34 x 900 |
| Day's Range | 17.43 - 18.21 |
| 52 Week Range | 6.26 - 19.17 |
| Volume | 600,340 |
| Avg. Volume | 405,144 |
| Market Cap | 933.899M |
| Beta (5Y Monthly) | 1.89 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.84 |
| Earnings Date | May 12, 2021 - May 17, 2021 |
| Forward Dividend & Yield | 0.32 (1.83%) |
| Ex-Dividend Date | Apr 07, 2021 |
| 1y Target Est | 18.00 |
Fair Value
Related Research
- GlobeNewswire
Wabash National Corporation Announces Quarterly Dividend
LAFAYETTE, Ind., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Wabash National Corporation (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 April 29, 2021, to stockholders of record on April 8, 2021. Wabash National Corporation: Changing How the World Reaches YouAs the innovation leader of engineered solutions for the transportation, logistics and distribution industries, Wabash National Corporation (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 National designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment. Its innovative products are sold under the following brand names: Wabash National®, Beall®, Benson®, Brenner® Tank, Bulk Tank International, DuraPlate®, Extract Technology®, Supreme®, Transcraft®, Walker Engineered Products, and Walker Transport. Learn more at www.wabashnational.com. Safe Harbor StatementThis 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 continued integration of Supreme into the Company’s business, adverse reactions to the transaction by customers, suppliers or strategic partners, uncertain economic conditions including the possibility that customer demand may not meet our expectations, 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 and costs of indebtedness. 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 StelselDirector, Corporate Communications (765) 771-5766dana.stelsel@wabashnational.com Investor Relations: Ryan ReedDirector, Investor Relations (765) 490-5664ryan.reed@wabashnational.com
- Simply Wall St.
Should You Investigate Wabash National Corporation (NYSE:WNC) At US$16.77?
Wabash National Corporation ( NYSE:WNC ), is not the largest company out there, but it saw significant share price...
- Benzinga
Wabash National Refocuses Business On Cold Chain And e-commerce
Trailer builder Wabash National Corp. (NYSE: WNC) is refocusing its business on cold chain, home delivery and parts and service as it pushes resources to refrigerated vans needed to move vaccines and food to a homebound nation. Wabash sees the growth in home delivery having staying power even as more Americans receive inoculations against COVID-19. New technology and products to keep goods refrigerated presents significant organic growth prospects, CEO Brent Yeagy said on the company's fourth-quarter earnings call Wednesday. "We've never been faced with a market that has this much potential," he said. "All the ways that we could potentially grow are on the table right now." Those include expanding upfitting, acquiring technology or another manufacturing platform. "We took action to streamline our portfolio by selling assets that do not offer strong strategic fit," Yeagy said. "As we finish pruning our portfolio, we are also setting the stage to backfill by continuing the diversification with expanded and new revenue streams [in the] transportation, logistics and distribution markets." Wabash sold its Beall brand of tank trailer to MAC Trailer Enterprises in December. But it is holding onto its other tank trailer brands. "We are absolutely repositioning resources to accelerate the organic efforts to create additional revenue in a way that has never been seen at Wabash National," Yeagy said. Chilling out Wabash sees expanded use of molded structural composite (MSC) technology beyond the 53-foot refrigerated van market. MSC weighs less and offers better thermal protection than other trailer construction material. Wabash worked on an MSC pilot project with C&S Wholesale Grocers in 2020. Using MSC technology, Wabash said it is able to make a 48-foot trailer 30% more thermally efficient than a traditional refrigerated trailer. Refrigeration units can run fewer hours and for those with all-electric units, fewer batteries are needed. "We believe this is likely to be a rapidly expanding market segment where MSC continues to offer unique value to customers with its durability, reduced weight and improved thermal efficiency," Yeagy said. "Consistent feedback from interested parties is that our technology offers benefits they have been unable to find elsewhere." Sustainability push Wabash also is manufacturing Gruau refrigerated inserts for the Ford Transit van to serve the rapidly expanding food/grocery home delivery market. Traditionally constructed refrigerated cargo vans use spray foam insulation, which can release gas and allow mold to intrude. Gruau inserts fit specific van models with 30% to 50% greater thermal efficiency. View more earnings on WNC "This is an important space for Wabash to participate in with our technology as it sets us up to better serve the smaller light-duty upfit market compared to our larger, more traditional truck body product models," Yeagy said. President Joe Biden's green agenda, the lingering pandemic, climate change and technology advances combine to create opportunity, he said. "At least for the next four years, it opens up a really interesting way that Wabash National can take the ideas we generate from an innovation standpoint, technology that we have and really bring sustainable solutions within those spaces." Looking to hire But traditional truck bodies are the main catalyst to pay for expansion. The value of Wabash's backlog of trailers awaiting construction rose to $1.5 billion at the end of Q4 compared to $1 billion at the end of the third quarter. Most of the work is dry vans that dominate the Commercial Trailer Products division.The average selling price was $27,000, flat with the prior year. "Generally, shipments are in line with how we thought that would materialize in the fourth quarter," Yeagy said. "As we look at 2021, we don't see anything that is a structural impediment moving forward." Wabash shipped 10,610 trailers in Q4 compared to 14,950 in the same period last year. Though Yeagy expressed concern during the third-quarter earnings call about being able to find workers to hire during the pandemic, Wabash added 600 hourly employees during the October-December period. It is seeking 900 more new hires this quarter, Chief Financial Officer Mike Pettit said. By the numbers Net sales for the fourth quarter 2020 were $404.1 million. Operating income was $10 million or 2.5% of net sales. For the full year 2020, total revenue totaled $1.5 billion. Operating income was $22.5 million. Q4 net income was $5.5 million, or 10 cents per diluted share. For the full year of 2020, net income was $7.8 million, or 15 cents a share. Operating earnings before interest, taxes, depreciation and amortization (EBITDA) was $25.2 million, or 6.2% of net sales in Q4. Full-year operating EBITDA was $73.6 million, or 5% of net sales. Related articles: Wabash National trailer order backlog suggests strong 2021 Wabash National to sell Beall brand tanker trailers to MAC Trailers Solar-powered reefer released by Wabash National and eNow Click for more FreightWaves articles by Alan Adler. See more from BenzingaClick here for options trades from BenzingaJeff Bezos' Logistics LegacyEcho Global Logistics Beats Earnings Estimates On Strong Volumes, Rates© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
