Wabash Natl Corp Stock Price, News & Analysis

Wabash (NYSE: WNC) will participate in the upcoming Work Truck Week from March 7-10, 2023, in Indianapolis. This event is North America's largest work truck gathering, showcasing Wabash’s innovative solutions aimed at transforming fleet operations. The company plans to reveal lightweight equipment enhanced with proprietary composite technologies, aligning with the growing demand for carbon reduction in logistics. Wabash will display various models including the Acutherm Refrigerated Delivery Body and Dry Freight Body on electric chassis, emphasizing their commitment to sustainable solutions in the industry.

Wabash (NYSE: WNC), a leader in transportation solutions, announced that CEO Brent Yeagy will speak at ACT Research’s OUTLOOK Seminar 68 on February 22, 2023, in Columbus, Indiana. His presentation, titled “Understanding the Dynamic Changes within Logistics that Are Altering the Future of the Trailer and Truck Body Markets,” will focus on the impact of evolving supply chain dynamics, the rise of e-commerce, and sustainability on the transportation equipment industry. Yeagy emphasizes the need for new perspectives in addressing customer demands as traditional models become less relevant.

Seminar attendees include industry executives and decision-makers.

Wabash (NYSE: WNC) announced a quarterly dividend of $0.08 per share, payable on April 27, 2023, to stockholders of record as of April 6, 2023. The company is a leader in transportation, logistics, and distribution solutions, focusing on innovation and delivering practical solutions. It designs and manufactures a variety of products, including trailers and truck bodies. The press release includes forward-looking statements related to demand levels, profitability, and potential risks including economic conditions, competition, and supply chain challenges.

Wabash reported record financial results for Q4 2022, with revenue of $657.4 million and earnings per diluted share of $0.84. The operating income reached $57.7 million, yielding an operating margin of 8.8%. Full year revenue reached $2.5 billion, with a net income of $112.3 million, also marking record levels. The total backlog increased to approximately $3.4 billion, supported by a long-term agreement with J.B. Hunt. For 2023, the company forecasts revenue in the range of $2.8 to $3.0 billion and earnings per share of $2.70 to $3.00.

Wabash (NYSE: WNC) has announced a strategic 10-year agreement with Ryerson, a leading industrial metals distributor. This partnership will see Ryerson supply Wabash with steel, stainless steel, and aluminum products for their range of trailers, including DuraPlate® and Acutherm™. Wabash's VP of Global Procurement highlighted that this agreement aligns with their production needs and enhances supply chain efficiency. Ryerson has been a reliable supplier for over a decade. This marks Wabash's second substantial supply agreement in 18 months, reflecting their strategy to strengthen supplier relationships and optimize production capabilities.

Wabash (NYSE: WNC) has entered a multi-year supply agreement with J.B. Hunt Transport Inc., enhancing its supply chain strategy. This partnership marks Wabash's intent to build a demand backlog that strategically looks beyond a year, ensuring stability in supply amid changing market conditions. The agreement includes the provision of over 15,000 trailers to J.B. Hunt, which will help optimize their logistics operations. This is complemented by a 10-year aluminum supply agreement, facilitating Wabash’s capacity expansion in 2023.

Wabash (NYSE: WNC) will host a webcast for its quarterly earnings conference call on February 2, 2023, at 11:00 a.m. ET, to discuss the financial results for Q4 and the full year of 2022. A presentation will accompany the call, available on Wabash's website. Participants can join the call by dialing (888) 440-6928 with conference ID 6579482. The earnings release and related materials will be posted on the 'Investors' section of the website by 7:00 a.m. ET on the same day.