Wabash Natl Corp Stock Price, News & Analysis

Lincolnshire Management announces the sale of Schumacher Electric Corporation to private investment firm Ripple Industries LLC. While financial terms were undisclosed, this marks a significant transition for Schumacher, a leader in power supply products in the U.S. Under Lincolnshire's ownership since October 2020, Schumacher expanded into EV chargers and enhanced its e-commerce initiatives. Lincolnshire cites successful product extensions and a driven management team led by CEO Mickey Leech as key growth factors. Lincolnshire previously invested in notable firms like Holley Inc. (NYSE: HLLY) and Wabash National Corporation (NYSE: WNC).

Wabash (NYSE: WNC) will host a webcast for its Q1 2022 earnings conference call on April 27, 2022, at 10:00 a.m. ET. Investors can access the call through the 'Investors' section of Wabash's website. A replay will be available post-call for one year. The earnings press release and related materials will be posted by 7:00 a.m. ET on the same day.

Wabash is known for its innovative solutions in transportation and logistics, manufacturing products such as trailers and truck bodies.

Wabash (NYSE: WNC) has released its 2021 Corporate Responsibility Report, highlighting the company's ongoing commitment to environmental, social, and governance (ESG) initiatives. CEO Brent Yeagy emphasized Wabash's role as an industry leader in product design and its focus on sustainability to meet customer carbon reduction goals. The report aligns with the Task Force on Climate-related Financial Disclosures and incorporates Sustainability Accounting Standards Board metrics. Both the report and Yeagy's annual letter to stockholders are available on the company's investor relations website.

Wabash has partnered with Clarience Technologies to enhance trailer technology and connectivity, essential for the rise of electric and autonomous vehicles. As part of this alliance, Road Ready advanced telematics will be standard on all dealer stock trailers, offering a 90-day trial subscription. This innovative telematics system provides asset tracking, real-time insights, and data integration for improved fleet management. Both companies aim to lead in smart transportation solutions, emphasizing collaboration to foster industry advancements in connectivity.

Wabash (NYSE:WNC), a leader in engineered solutions for the transportation industry, announced its participation in two investor conferences. Senior VP and CFO Mike Pettit will conduct private meetings at the JP Morgan Global High Yield Conference on February 28, 2022, in Miami, Florida. Additionally, CEO Brent Yeagy will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 10:25 a.m. ET in Orlando, Florida. The presentations and meetings can be accessed via Wabash's Investor Relations website.

Wabash National Corporation (NYSE: WNC) declared a quarterly dividend of $0.08 per share, scheduled for payment on April 28, 2022, to stockholders of record on April 7, 2022. The company, based in Lafayette, Indiana, is a leader in engineered solutions for the transportation and logistics sectors. This dividend announcement reflects Wabash's commitment to returning value to its shareholders while positioning for future growth through innovative products and services in the trailer and truck body market.

Meritor, Inc. (NYSE: MTOR) announced the extension of its long-term agreement with Wabash until December 31, 2026, marking their first five-year agreement. This extension ensures that Meritor's loose axles will remain standard equipment for Wabash, with options for the Meritor Tire Inflation System (MTIS™), MTA-Tec6™, MPA suspensions, and EX+™ LS air disc brakes. MTIS helps improve fuel economy, while Meritor's suspensions and brakes enhance performance and durability. The longstanding partnership continues to yield innovative trailer products.

Wabash (NYSE: WNC) reported a record backlog of $2.5 billion, up 31% sequentially and 70% year-over-year. Fourth quarter 2021 revenue was $479.3 million, with a GAAP operating loss of $(18.6) million. Non-GAAP adjustments reveal operating income of $9.7 million. The company maintains its 2022 EPS outlook of $1.75. Wabash is transitioning to a unified brand strategy, retiring legacy names to enhance its market presence. Management remains optimistic about 2022, focusing on cost recovery and margin stability despite ongoing supply chain challenges.

Wabash (NYSE: WNC) has announced a strategic rebranding under the unified Wabash brand, consolidating its portfolio of products and services. The company will discontinue the use of legacy brand names acquired over the years, aiming to streamline its market presence and align with its long-term growth strategy. The rebranding reflects a transformation in the transportation and logistics industry. Additionally, Wabash introduces EcoNex™ Technology for refrigerated transport, focusing on sustainability. The rebrand will not affect legal entities or existing contracts.