Welcome to our dedicated page for Wabash Natl news (Ticker: WNC), a resource for investors and traders seeking the latest updates and insights on Wabash Natl stock.
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) reported Q4 2024 results with revenue of $416.8M and operating income of $3.6M. The company posted a quarterly net loss of $1.0M, or $(0.02) per diluted share. For full-year 2024, revenue reached $1.95B with a non-GAAP adjusted operating income of $94M (4.8% of sales). The company reported an adjusted EBITDA of $162.7M for 2024, representing 8.4% of net sales.
Total backlog increased to $1.2 billion, with $813M expected to be shipped within 12 months. For 2025, Wabash provided guidance with sales ranging from $1.9B to $2.1B and earnings per diluted share between $0.85 to $1.05. The company expects strongest performance in Truck Bodies and Parts & Services segments, viewing 2025 as a transitional year.
Wabash (NYSE: WNC) announced key executive appointments effective January 15, 2025. Drew Schwartzhoff has been named Senior Vice President and Chief Commercial Officer, bringing over 25 years of marketing and business leadership experience, including previous roles at C.H. Robinson. Donald Winston has been appointed Senior Vice President and Chief Operating Officer, with more than 25 years of manufacturing leadership experience from companies including Novolex, Closure Systems International, and Ford Motor Company.
The appointments aim to advance the company's growth strategy and enhance value delivery to customers, partners, and stakeholders. Additionally, Kevin Page will retire from his role as Senior Vice President and Chief Commercial Officer after eight years with Wabash, continuing in a senior advisory role through June 1, 2025.
Wabash (NYSE: WNC) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Wednesday, January 29, 2025, at 12:00 p.m. ET. The presentation will be accessible through a webcast on the company's website and via phone dial-in.
The earnings press release, slides, and related materials will be posted to Wabash's website by 7:00 a.m. ET on the day of the call. The company, headquartered in Lafayette, Indiana, specializes in transportation and logistics solutions, manufacturing products including dry and refrigerated trailers, truck bodies, platform trailers, and tank trailers.
Wabash also offers nationwide parts and service network through Wabash Marketplace and Wabash Parts, along with Trailers as a Service (TaaS)℠ solutions.
Wabash (NYSE: WNC) has been named to Newsweek's list of America's Most Responsible Companies for the third consecutive year, standing as the only trailer or truck body manufacturer on the 2025 list. The recognition is based on environmental, social, and corporate governance (ESG) performance.
The company has demonstrated significant achievements in safety and sustainability. Their facilities in San José Iturbide, Mexico, and Cadiz, Kentucky, received Plant Safety Awards from the Truck Trailer Manufacturers Association in 2024. The Cadiz facility notably achieved an 81% reduction in incident rates from 2022 to 2024.
Wabash is participating in a U.S. Department of Energy project aimed at decarbonizing commercial transportation, utilizing their proprietary EcoNex™ Technology to enhance thermal efficiency in refrigerated trailers. The company's Lafayette facility showcases their commitment to workplace innovation through targeted automation for improved safety and worker experience.
Wabash (NYSE: WNC) has announced its 2026 model year DuraPlate® Dry Van with significant enhancements. The new model features the Webb Vortex Drum with Wear Indicator, designed to improve brake performance and extend brake life by up to 25%. The van includes DuraPlate Cell Core panel construction, reducing trailer weight by 300 pounds for improved fuel efficiency, and the TrustLock® Plus System for secure door operation.
Additional features include flush mount intermediate logistics, upper ID/AUX stop light system, high-strength steel coupler, four-post rear impact guard, EZ 7-Way electrical housing, and LED light system. Production began on December 1, 2024, with units manufactured in the United States in an ISO 9001:2015 registered facility.
Wabash (NYSE: WNC) has renewed its strategic agreement with Goodyear as the preferred tire supplier for its van, tank and platform trailers. The partnership, extending a 15+ year relationship, provides Wabash customers with full-service tire management support through Goodyear's network of company-owned locations and dealerships. The agreement aims to enhance customer support, streamline tire management, and increase operational efficiency and uptime for Wabash's trailer operations.
Wabash (NYSE: WNC) has declared a regular quarterly dividend of $0.08 per share of common stock. The dividend will be paid on January 30, 2025, to stockholders of record on January 9, 2025. Wabash is a Lafayette, Indiana-based company providing connected solutions for transportation, logistics and distribution industries, manufacturing products including dry freight and refrigerated trailers, flatbed trailers, tank trailers, truck bodies, composite panels, and specialty food grade processing equipment.
Wabash (NYSE: WNC) announces expansion of its Parts and Services Distribution Network with 14 new locations across seven states. The expansion of the Preferred Partner Network enhances parts availability in areas not currently served by Wabash van trailer dealers. The network includes new locations from Blaine Brothers, Great Western Trailer, North American Trailer, and U.S. Trailer Parts & Supply across Minnesota, Wisconsin, New Mexico, Oklahoma, Texas, North Dakota, and Illinois. Wabash Parts, created in 2022, unifies the company's tech-enabled parts distribution capabilities across all Transportation Solutions product lines, utilizing dealer service capabilities and national wholesale distribution infrastructure.
Wabash (NYSE: WNC) reported Q3 2024 results with revenue of $464 million, down 26.7% year-over-year. The company took a $450 million non-cash charge related to a legal verdict, resulting in a GAAP operating loss of $433 million. Non-GAAP adjusted operating income was $17 million. Q3 GAAP EPS was $(7.53), while adjusted EPS was $0.19. Total backlog stood at $1.0 billion, down 22% from Q2 2024. The company reduced its full-year 2024 outlook, with revenue guidance lowered to $1.95 billion and non-GAAP adjusted EPS to $1.25.
Wabash (NYSE: WNC) has been awarded a $1.6 million grant from the U.S. Department of Energy Solar Energy Technologies Office for a three-year research project starting next year. In partnership with the University of Delaware's Center for Composite Materials, the project aims to integrate high-efficiency solar energy into refrigerated trailers and truck bodies, advancing zero-emission mid-mile transportation.
The project will combine Wabash's proprietary EcoNex™ Technology for enhanced thermal efficiency with the University of Delaware's TuFF technology, utilizing recycled aerospace-grade carbon fiber. This collaboration seeks to address key electrification challenges by reducing weight and energy consumption in commercial vehicles, potentially revolutionizing refrigerated transport and offering a truly green, well-to-wheel approach to energy consumption.