Wabash Natl Corp Stock Price, News & Analysis

Wabash (NYSE: WNC) has appointed Sudhanshu Priyadarshi to its Board of Directors, enhancing its leadership team. Priyadarshi brings extensive global finance and operations experience from various industries, including tech and logistics. He has previously served as CFO at Keurig Dr Pepper and has held significant positions at Walmart and PepsiCo. His role on the Audit and Compensation Committees will strengthen the board's independent oversight. This appointment marks a strategic move for Wabash as it continues its transformation in the transportation and logistics sector.

Wabash (NYSE: WNC) announced a quarterly dividend of $0.08 per share, payable on January 26, 2023, to stockholders of record by January 5, 2023. The company is recognized for its innovation in connected solutions for transportation and logistics industries, including a variety of trailer and truck body products. Wabash aims to enhance customer success through advanced solutions. The press release encompasses forward-looking statements regarding demand, financial performance, and potential risks due to operational disruptions and market conditions.

Wabash (NYSE:WNC) announced participation in the Stephens Annual Investment Conference on November 15, 2022, in Nashville, Tennessee. CEO Brent Yeagy will discuss the company's strong execution in 2022, a robust backlog for 2023, and growth initiatives aimed at achieving its financial targets of $3 billion in revenue, an 11% EBITDA margin, and $3.50 EPS by 2025. Interested parties can access the live or archived webcast through Wabash’s Investor Relations website.

Wabash (NYSE: WNC) has established a national partnership with Feeding America to tackle food insecurity in the U.S. The company will donate $150,000 this year to support mobile food pantries, which are essential for distributing fresh food in vulnerable communities. This initiative is an extension of Wabash's 20-year local involvement with Feeding America. The partnership aims to serve areas with high food insecurity rates, enhancing Wabash's community commitment while potentially expanding their logistics role in food distribution.

Wabash reported record quarterly revenue of $655.2 million, a 35.8% increase year-over-year, with an operating income of $52.9 million and an operating margin of 8.1%, up 430 basis points from last year. Diluted earnings per share reached $0.73, surpassing earlier expectations. The backlog stands at a record $2.3 billion, up 20% year-over-year. For 2022, Wabash maintains a revenue outlook of $2.5 billion and raises EPS guidance to $2.15.

Wabash (NYSE: WNC) has scheduled its quarterly earnings conference call for the third quarter of 2022 on October 26, 2022, at 11:00 a.m. ET. The call aims to review the company’s financial results and will be available via webcast on Wabash’s website under the Investors section. Related materials, including the earnings press release and slides, will be published by 7:00 a.m. ET on the same day. A replay will be accessible for one year post-call.

Wabash specializes in connected solutions for logistics and transportation, offering a variety of innovative products.

Wabash (NYSE: WNC) has honored 34 suppliers with its 2022 Supplier Awards, recognizing excellence in supply chain performance. The Pinnacle Award went to Steel Dynamics, known for its sustainable steelmaking practices. Wabash emphasized the importance of supplier relationships in navigating supply challenges. Twenty-eight suppliers received Platinum Awards for their commitment to logistics optimization. Additionally, five companies earned Distinguished Supplier Awards for outstanding service. The awards were presented at the Ignite business conference, where over 148 suppliers and partners gathered.

Wabash (NYSE: WNC) has announced an amendment to its asset-backed lending facility, increasing the total credit facility to $350 million and adding liquidity of up to $125 million. This liquidity will be used to enhance Wabash’s Trailers as a Service (TaaS) offering, part of its Parts and Services growth strategy. The amendment extends the facility's maturity to September 23, 2027, and allows for future increases up to $525 million, subject to lender approval. This strategic move is aimed at funding organic investments with favorable returns.