Wabash National Corp. reports developments in transportation, logistics and infrastructure supply-chain equipment, including dry and refrigerated trailers and truck bodies, platform trailers, tank trailers, structural composites, parts and service programs, and fleet support offerings. Recurring news includes earnings, backlog and demand commentary for freight equipment markets, as well as updates from the company’s Parts & Services activities and truck body operations.
Company announcements also cover product and technology initiatives such as the DuraPlate dry van platform, digitally connected cargo assurance tools, TrailerHawk.AI, Ready-to-Mount truck bodies, upfit services, Trailers as a Service, and AI-driven configuration and aftermarket parts tools. Capital-return items, including quarterly dividends, also appear among Wabash’s recurring corporate updates.
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.
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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.
Wabash National Corporation (NYSE: WNC) will host a webcast of its quarterly earnings conference call on November 9, 2021, at 10:00 a.m. ET, to discuss its third quarter 2021 financial results. The call can be accessed via phone at (833) 476-0947 with conference ID 3504758, and a replay will be available for one year after the event. Earnings materials will be released by 7:00 a.m. ET on the same day and can be found in the 'Investors' section of the company’s website. Wabash National specializes in engineered solutions for the transportation and logistics sectors.
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Wabash National Corporation (NYSE: WNC) announced a private offering of $400 million in senior unsecured notes due 2028, with a 4.50% interest rate. The funds will be used to redeem existing 5.50% Senior Notes due 2025 and repay part of its Term Loan Credit Agreement. Closing is anticipated on October 6, 2021, pending customary conditions. The notes will not be registered under the Securities Act and are offered to qualified institutional buyers only. The press release includes forward-looking statements encompassing potential risks, including economic conditions and supply chain disruptions.
Wabash National Corporation (NYSE: WNC) announced the opening of a new facility in Groveport, Ohio, aimed at enhancing its cargo van and truck body upfitting capabilities. This strategic expansion aligns with the company's growth initiatives in cold chain, home delivery, and parts and service. The site will provide a range of upfit solutions, including shelving, liftgates, and thermal solutions, and will stock Supreme truck bodies and Gruau insulated inserts. Wabash aims to improve productivity for customers by delivering tailored solutions swiftly.