Wabash Natl Corp Stock Price, News & Analysis

Wabash (NYSE:WNC) announced on December 13, 2021, that Brent Yeagy, the president and CEO, will speak at the Vertical Research Partners Supply Chain Summit on December 14, 2021, at 3:20 PM ET. The company, headquartered in Lafayette, Indiana, specializes in engineered solutions for the logistics and transportation sectors, manufacturing products such as trailers and truck bodies. Wabash aims to drive customer success through innovative solutions and has a diverse product range sold under multiple brand names.

Wabash (NYSE:WNC) presented at the Stephens Investment Conference on December 1, 2021, where CEO Brent Yeagy highlighted ongoing challenges in supply chain dynamics but noted robust demand in their transportation solutions portfolio. The company's backlog reached a record $2.3 billion, indicating strong order volumes. As Wabash evolves its partnerships with strategic customers, discussions are shifting towards multi-year frameworks to address long-term growth and equipment needs.

Wabash (NYSE:WNC) has launched a new light-duty, home delivery refrigerated truck body utilizing its patented molded structural composite (MSC) technology. This innovation follows an initial order exceeding $10 million from a major grocery retailer, set for delivery in H1 2022. The truck body aims to enhance cargo capacity and productivity, featuring unique design elements for temperature control. Wabash is also developing more solutions for the refrigerated market in response to rising ecommerce demands, emphasizing sustainability and improved fuel efficiency through MSC technology.

Wabash (NYSE:WNC) announced that President and CEO Brent Yeagy will present at the Stephens Annual Investment Conference on December 1, 2021, at 3:00 p.m. CST. This event emphasizes Wabash's position as an innovation leader in engineered solutions for the transportation, logistics, and distribution industries. The presentation will also be webcast live at ir.wabashnational.com. Wabash designs a variety of products, including trailers and truck bodies, under several well-known brand names.

Wabash National Corporation (NYSE:WNC) has declared a quarterly dividend of $0.08 per share, with a payment date of January 27, 2022. Stockholders of record as of January 6, 2022 will receive this dividend. The company, a leader in engineered solutions for transportation and logistics, expresses confidence in its operational strategies and upcoming product innovations. Wabash National continues to adapt to market demands while facing challenges, including economic uncertainties and increased competition.

Wabash National Corporation (WNC) reported a 37.3% year-over-year increase in Q3 2021 net sales, reaching $482.6 million. The operating income was $18.3 million, leading to earnings per share of $0.22, exceeding prior forecasts. The company’s backlog hit a record of $1.9 billion, up 87% from the previous year. For the full year, WNC adjusted its EPS outlook to between $0.60 and $0.65, citing increased supply chain costs. The new segment reporting structure aims to improve transparency and operational focus.

Wabash National Corporation (NYSE: WNC) has entered into a 10-year agreement with Hydro to secure aluminum supply for its trailer production. This partnership will support Wabash's demand for various trailers, including dry van and refrigerated models, through 2031. The agreement coincides with Wabash's plans to enhance its production capacity starting in early 2023. Both companies aim for a shared vision of sustainability, leveraging their strengths to innovate and optimize operations. Hydro has been a supplier to Wabash for over 12 years, recognized for its quality and sustainability initiatives.

Wabash National Corporation (NYSE: WNC) has successfully completed a $400 million offering of senior unsecured notes due in 2028, priced at a 4.50% annual coupon. The company also amended its revolving credit facility, increasing it by $50 million to $225 million. These measures enhance Wabash's balance sheet, providing sustainable capital for growth. Proceeds will fund the full redemption of 5.50% Senior Notes due 2025 and repay borrowings under the Term Loan Credit Agreement due 2027. This strategic shift supports Wabash's focus on innovation in transportation and logistics.