Wabash Natl Corp Stock Price, News & Analysis

Wabash (NYSE: WNC) announced its participation in the D.A. Davidson Diversified Industrials and Services Conference on September 22, 2022, in Nashville, TN. CEO Brent Yeagy will engage in a panel discussion at 11:00 a.m. CT, focusing on the company's refreshed strategy and growth initiatives aimed at achieving its 2025 financial targets: $3.0B in revenue, 11% EBITDA margin, and $3.50 EPS. Wabash continues to lead in connected solutions for transportation, logistics, and distribution, manufacturing a diverse range of products from trailers to specialty equipment.

Harbinger has partnered with Wabash to enhance operational efficiency and driver comfort through advanced material science. This collaboration aims to create electric vehicles that meet industry demands for comfort and suitability in cold-chain logistics. With ongoing driver shortages and rising fuel prices, Wabash's experience in composite materials will be leveraged to improve vehicle ergonomics and reduce weight. Both companies seek to address current supply chain challenges and environmental impacts, with Wabash boasting over $1.8B in 2021 revenue, indicating its strong market position.

Wabash (NYSE: WNC) has launched the Wabash Acutherm, a new range of thermal management solutions that enhance thermal efficiency for various applications. These solutions ensure consistent temperature maintenance, crucial for food safety and consumer health. The product line includes refrigerated trailers and cargo van inserts, featuring EcoNex Technology for sustainability. Additionally, a recent $20 million investment in EcoNex Technology production aims to create over 200 jobs by the end of 2023, demonstrating the company's commitment to innovation in the cold chain market.

Wabash (NYSE: WNC) announced the addition of two dealers, Bergey’s Truck Centers and Allegiance Trucks, to its North American dealer network. This expansion allows Wabash to enhance its service offerings, including dry and refrigerated trailers. Allegiance Trucks will represent Wabash in several Northeast states, while Bergey’s operates across Pennsylvania and surrounding areas. The move aims to improve customer connectivity and operational efficiency. Wabash continues to invest in its dealer network and digital systems to better meet customer demands.

Wabash National Corporation (NYSE:WNC) announced a quarterly dividend of $0.08 per share, payable on October 27, 2022, to stockholders of record by October 6, 2022. The company is recognized as an innovation leader in the transportation, logistics, and distribution industries, manufacturing a range of products including trailers and truck bodies. Wabash aims to empower customers through innovative solutions that enhance operational efficiency. This announcement reflects the company's commitment to returning value to shareholders.

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.