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 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.
Wabash National Corporation (WNC) reported a first quarter 2020 GAAP EPS of $(2.01) and non-GAAP EPS of $(0.04). Net sales fell to $387 million, with a loss of $110 million mainly due to a $107 million goodwill impairment. The company's backlog remained stable at $1.0 billion. WNC has a strong liquidity position with $277 million available, including $155 million in cash. Despite economic challenges from COVID-19, the company aims to maintain its dividend and pursue debt reduction strategies, alongside a commitment to safety for employees.