Wabash Natl Corp Stock Price, News & Analysis

Wabash National Corporation (NYSE: WNC) has announced its intention to sell the Beall brand of tank trailers and associated assets to MAC Trailer Enterprises Inc. for resource reallocation aimed at enhancing asset efficiency and focusing on scalable market opportunities. The sale, expected to close on December 31, 2020, saw Beall generate approximately $23 million in sales in 2019. Wabash plans to redirect efforts towards innovation and growth in parts and services, along with cold chain and home delivery markets.

Wabash National Corporation (NYSE:WNC) announced a quarterly dividend of $0.08 per share of common stock, payable on January 28, 2021. Stockholders of record will receive this payment on January 7, 2021. The company, based in Lafayette, Indiana, is known for its engineered solutions in transportation and logistics, manufacturing products like trailers and truck bodies. This dividend reflects the company’s ongoing commitment to returning value to shareholders.

Wabash National Corporation (NYSE: WNC) reported third-quarter 2020 revenues of $352 million, with stable shipment volumes. The company achieved a net income of $0.07 GAAP EPS, reflecting improved financial performance and demonstrating resilience. A successful completion of $20 million in run-rate savings from reorganizational actions helped maintain margins at 13%. Backlog reached $1 billion, up 37% since June 2020, indicating enhanced market sentiment. Operating cash flow stood at $107.1 million, with total liquidity of $383 million.

Wabash National Corporation (NYSE: WNC) has awarded the Pinnacle Award for Supplier of the Year to Hydro for its exceptional performance during challenging times. Hydro has supplied Wabash National with aluminum components for over 12 years, demonstrating outstanding commitment and efficiency in operations. Additionally, 23 companies received Platinum Awards for excellence in supply chain performance, while several others were recognized with Distinguished Supplier Awards. These recognitions highlight Wabash's reliance on its supply chain partners amid pandemic challenges.

Wabash National Corporation (NYSE: WNC) will host a webcast for its third-quarter 2020 earnings call on November 5, 2020, at 10:00 a.m. EST. The call will be accessible via phone and the company’s website, where related materials will also be posted by 7:00 a.m. ET on the same day. Wabash is a leader in engineered solutions for transportation, manufacturing products like trailers and truck bodies, aiming to support customers with innovative logistics solutions.

Wabash National Corporation (NYSE: WNC) announced a quarterly dividend of $0.08 per share, payable on October 22, 2020, to shareholders of record on October 1, 2020. As an innovation leader in engineered solutions for the transportation and logistics sectors, Wabash National manufactures a variety of products including trailers and truck bodies. The company emphasizes its commitment to customer success through innovative solutions.

Wabash National Corporation (NYSE: WNC) reported its second quarter 2020 results with revenues of $339.2 million and earnings per share of $0.00. Despite challenges from COVID-19, the company maintained productivity, limiting decremental margins to 15%. The liquidity position strengthened to $304 million, aided by the repayment of revolver advances. The backlog stood at approximately $750 million, down from $1.0 billion in Q1, but management anticipates positive free cash flow for 2020 while committing to maintaining dividends.

Wabash National Corporation (NYSE: WNC) will conduct a webcast to discuss its second quarter 2020 earnings on July 29, 2020, at 10:00 AM EST. Interested parties can access the live call and accompanying slides on the company’s website under the 'Investors' section. A replay will be available for one year post-call. The earnings press release and related materials will be posted on the company’s website by 7:00 AM ET on the same day. Wabash National specializes in engineered solutions for transportation and logistics, manufacturing a wide range of trailers and related products.

Wabash National Corporation (NYSE: WNC) declared a quarterly dividend of $0.08 per share, payable on July 23, 2020, to shareholders on record as of July 2, 2020. CFO Mike Pettit emphasized the company's expectation for positive free cash flow and noted improvements in business resilience and customer quality, supporting the commitment to dividends. Wabash focuses on engineered solutions in transportation and logistics, manufacturing products like trailers and truck bodies, contributing to a diversified product portfolio.