Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van and platform trailers; refrigerated trailers; converter dollies; aftermarket parts and services; and used trailers, as well as laminated hardwood oak flooring products. The Diversified Products segment offers stainless steel and aluminum liquid and dry bulk tank trailers, and other transport solutions for the dairy, food and beverage, chemical, environmental, petroleum, and refined fuel industries; and parts, and maintenance and repair services for tank trailers and other related equipment. This segment also offers process vessels, and round horizontal and vertical storage silo tanks; containment and isolation systems for the pharmaceutical, chemical, biotech, and nuclear industries; and composite products, including truck bodies, overhead doors, and other industrial application products. The Final Mile Products segment provides van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; and refrigerated and dry freight truck bodies. The company offers its products under the Wabash National, Benson, Brenner Tank, Bulk Tank International, DuraPlate, Extract Technology, Supreme, Transcraft, Walker Engineered Products, Walker Transport, DuraPlateHD, ArcticLite, Iner-City, Spartan, and Kold King brands. It distributes its product directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana.
IPO Year: 1991
Exchange: NYSE
Website: wabashnational.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/9/2024 | $23.00 → $18.00 | Neutral | DA Davidson |
| 9/27/2023 | $36.00 → $25.00 | Buy → Neutral | DA Davidson |
| 7/5/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 12/5/2022 | $27.00 | Buy → Hold | Vertical Research |
| 2/3/2022 | $24.00 → $22.00 | Strong Buy | Raymond James |
| 1/13/2022 | $22.00 → $24.00 | Strong Buy | Raymond James |
| 12/17/2021 | $25.00 | Buy | DA Davidson |
| 11/15/2021 | $18.00 → $22.00 | Strong Buy | Raymond James |
| 7/19/2021 | $21.00 → $18.00 | Strong Buy | Raymond James |
4 - WABASH NATIONAL Corp (0000879526) (Issuer)
Wabash National (NYSE:WNC) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.56 by 14.29 percent. This is a 58.44 percent decrease over earnings of $1.54 per share from the same period last year. The company reported quarterly sales of $550.610 million which missed the analyst consensus estimate of $594.740 million by 7.42 percent. This is a 19.81 percent decrease over sales of $686.620 million the same period last year.
DA Davidson analyst Michael Shlisky reiterates Wabash National (NYSE:WNC) with a Neutral and maintains $23 price target.
DA Davidson analyst Michael Shlisky maintains Wabash National (NYSE:WNC) with a Neutral and lowers the price target from $27 to $23.
Although U.S. stocks closed mostly higher on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Integra LifeSciences Holdings The Trade: Integra LifeSciences Holdings Corporation (NASDAQ:IART) Director, Exec. Chai
REE Automotive Ltd (NASDAQ:REE) announced Wednesday that Penske Truck Leasing will begin offering Powered by REE EVs to its customers interested in electrifying their fleets for demos and orders, adding further momentum to REE’s current $50 million order book value. REE Auto said Penske’s customers will have the opportunity to experience the intended benefits of the world’s first U.S. Federal Motor Vehicle Safety Standards (FMVSS) certified, software-driven, electric vehicle powered by REEcorner full by-wire technology, including: Superior maneuverability and all-wheel drive functionality Enhanced safety with fail-operational design via redundancies in hardware and software D
"2024 is a pivotal year for our strategic advancement. Despite a down year for dry vans, we view this as an unprecedented opportunity to continue investing in our business," said Brent Yeagy, president and chief executive officer. "We are strengthening our competitive position by leveraging our dealer network to create national scale and integrating digital solutions to better enable access to parts, trailers and services across this network. With the ongoing development of our Wabash Marketplace digital platform, we anticipate streamlining the supply chain experience and offering best in class access to parts, services as well as Trailers as a Service (TAAS)," explained Yeagy.
Wabash National (NYSE:WNC) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.45 by 13.33 percent. This is a 62.5 percent decrease over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $515.28 million which missed the analyst consensus estimate of $516.85 million by 0.30 percent. This is a 17.02 percent decrease over sales of $620.95 million the same period last year.
LAFAYETTE, Ind., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company's common stock, payable on January 30, 2025, to stockholders of record on January 9, 2025. Wabash: Changing How the World Reaches You®Wabash (NYSE:WNC) is the visionary leader of connected solutions for the transportation, logistics and distribution industries that is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company enables customers to thrive by providing insight into tomorrow and delivering pragmatic solutions today to move everything from first to final mile.
Quarterly revenue of $464 million; within prior quarterly outlook rangeNon-cash charge of $450 million taken in connection with legal verdict. Believe outcome is unsupported by facts or the law; evaluating all available legal optionsGAAP operating loss of $433 million or Non-GAAP adjusted operating income of $17.0 millionQuarterly GAAP EPS of $(7.53) or Non-GAAP adjusted EPS of $0.19Total backlog of $1.0 billion; Anticipate greater order flow toward the later stages of normal seasonality2024 revenue outlook reduced to $1.95B, Non-GAAP adjusted EPS outlook reduced to $1.25, excluding impact of legal charge LAFAYETTE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the innovation
LAFAYETTE, Ind., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the third quarter 2024 on Thursday, October 24, 2024, beginning at 12:00 p.m. ET. The call and an accompanying slide presentation will be accessible on the "Investors" section of Wabash's website, www.onewabash.com, under "Events & Presentations." The conference call will be accessible by dialing (800) 715-9871, conference ID 9986205. A replay of the call will be available shortly after the conclusion of the presentation. Access to the replay will be available on the "Investors" section of Wabash's
LAFAYETTE, Ind., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company's common stock, payable on October 31, 2024, to stockholders of record on October 10, 2024. Wabash: Changing How the World Reaches You®Wabash (NYSE:WNC) is the visionary leader of connected solutions for the transportation, logistics and distribution industries that is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company enables customers to thrive by providing insight into tomorrow and delivering pragmatic solutions today to move everything from first to final mile. Wabash
Quarterly revenue of $551 million; within prior quarterly outlook rangeOperating income of $44 million with operating margin of 7.9%Quarterly diluted earnings per share of $0.64 exceeds prior quarterly outlook rangeTotal backlog of $1.3B; Q2 sequential reduction slightly more than usual seasonality2024 revenue and EPS outlook ranges reduced to $2.0B - $2.2B and $1.50 - $1.60, respectively LAFAYETTE, Ind., July 24, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the innovation leader of connected solutions for the transportation, logistics and distribution industries, today reported results for the quarter ended June 30, 2024. The Company's net sales for the second quarter of 2024 were $5
LAFAYETTE, Ind., July 02, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the second quarter 2024 on Wednesday, July 24, 2024 beginning at 12:00 p.m. ET. The call and an accompanying slide presentation will be accessible on the "Investors" section of Wabash's website, www.onewabash.com, under "Events & Presentations." The conference call will be accessible by dialing (800) 715-9871, conference ID 9986205. A replay of the call will be available shortly after the conclusion of the presentation and will remain available for one year following the date of the call. Access to
LAFAYETTE, Ind., May 21, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company's common stock, payable on July 25, 2024, to stockholders of record on July 3, 2024. Wabash: Changing How the World Reaches YouAs the innovation leader of connected solutions for the transportation, logistics and distribution industries, Wabash (NYSE:WNC) is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash designs and manufa
Quarterly revenue of $515 million; slightly below expectations on slower customer pickupsOperating income of $30 million with operating margin of 5.7%Quarterly diluted earnings per share of $0.39Total backlog of $1.8B, new order bookings continued during Q12024 EPS outlook maintained at $2.00 to $2.50 as Q1 shipment delays to flow into subsequent quarters LAFAYETTE, Ind., April 24, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the innovation leader of connected solutions for the transportation, logistics and distribution industries, today reported results for the quarter ended March 31, 2024. The Company's net sales for the first quarter of 2024 were $515.3 million, reflecting a 17.0% decr
LAFAYETTE, Ind., April 03, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the first quarter 2024 on Wednesday, April 24, 2024 beginning at 12:00 p.m. ET. The call and an accompanying slide presentation will be accessible on the "Investors" section of Wabash's website, www.onewabash.com, under "Events & Presentations." The conference call will be accessible by dialing (888) 596-4144, conference ID 4733976. A replay of the call will be available shortly after the conclusion of the presentation and will remain available for one year following the date of the call. Access to
LAFAYETTE, Ind., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company's common stock, payable on April 25, 2024, to stockholders of record on April 4, 2024. Wabash: Changing How the World Reaches YouAs the innovation leader of connected solutions for the transportation, logistics and distribution industries, Wabash (NYSE:WNC) is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash designs and manufac
LAFAYETTE, Ind., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company's common stock, payable on January 30, 2025, to stockholders of record on January 9, 2025. Wabash: Changing How the World Reaches You®Wabash (NYSE:WNC) is the visionary leader of connected solutions for the transportation, logistics and distribution industries that is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company enables customers to thrive by providing insight into tomorrow and delivering pragmatic solutions today to move everything from first to final mile.
LAFAYETTE, Ind., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the innovation leader of connected solutions for the transportation, logistics and distribution industries, is making it easier for customers to access the genuine Wabash trailer and truck body parts and service they need by expanding Wabash Parts and its Preferred Partner Network. Wabash's network of authorized dealers serves as the backbone of the company's aftermarket support, providing expert service, maintenance and Wabash Genuine Parts to keep fleets operating efficiently. In addition to Wabash's established dealer channel, the company has introduced 14 new locations to its Preferred Partner Network, expanding t
Quarterly revenue of $464 million; within prior quarterly outlook rangeNon-cash charge of $450 million taken in connection with legal verdict. Believe outcome is unsupported by facts or the law; evaluating all available legal optionsGAAP operating loss of $433 million or Non-GAAP adjusted operating income of $17.0 millionQuarterly GAAP EPS of $(7.53) or Non-GAAP adjusted EPS of $0.19Total backlog of $1.0 billion; Anticipate greater order flow toward the later stages of normal seasonality2024 revenue outlook reduced to $1.95B, Non-GAAP adjusted EPS outlook reduced to $1.25, excluding impact of legal charge LAFAYETTE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the innovation
LAFAYETTE, Ind., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, announced today it was selected to receive a $1.6 million grant award from the U.S. Department of Energy Solar Energy Technologies Office (SETO) to support a research and development project aimed at decarbonizing the commercial transportation industry. The three-year project, set to begin next year in partnership with the University of Delaware's Center for Composite Materials, focuses on integrating high-efficiency solar energy into refrigerated trailers and truck bodies. This innovation will play a pivotal role
LAFAYETTE, Ind., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the third quarter 2024 on Thursday, October 24, 2024, beginning at 12:00 p.m. ET. The call and an accompanying slide presentation will be accessible on the "Investors" section of Wabash's website, www.onewabash.com, under "Events & Presentations." The conference call will be accessible by dialing (800) 715-9871, conference ID 9986205. A replay of the call will be available shortly after the conclusion of the presentation. Access to the replay will be available on the "Investors" section of Wabash's
LAFAYETTE, Ind., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) is convening more than 300 leaders from the transportation, logistics, and distribution sectors this week at Ignite 2024 to discuss the challenges and transformative opportunities facing their industry. Taking place today through Wednesday in Louisville, Ky., Ignite 2024 is the premier thought leadership event for Wabash's ecosystem of customers, dealers, suppliers, technology partners, researchers and industry experts, fostering powerful collaborations that will shape the future. "There is a saying that the best way to predict the future is to create it. That's what leaders do. Wabash values our transportation, logisti
LAFAYETTE, Ind., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, today announced a 10-year strategic agreement with Steel Dynamics, Inc., a leading steel producer and metal recycler in North America. This partnership will secure critical steel components, including hot-rolled, galvanized, and painted steel coils and steel crossmembers, to support Wabash's extensive transportation solutions portfolio of van trailers, tank trailers, platform trailers and truck bodies. "We are excited to formalize our long-standing relationship with Steel Dynamics," said Richard Mansilla, vice pre
LAFAYETTE, Ind., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, is pleased to announce that Kodiak Robotics, Inc., a leading autonomous trucking company, has entered into a partnership with Wabash to utilize Wabash's Trailers as a Service (TaaS)℠ offering. Wabash's TaaS will provide Kodiak a flexible solution with access to a growing fleet of safe, reliable trailers nationwide. Wabash's TaaS offering provides Kodiak with a holistic solution that supports the full life cycle of the trailer, from acquisition to maintenance and uptime management. Unlike traditional leasing, Taa
LAFAYETTE, Ind., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, today announced it was honored among Newsweek's inaugural list of "America's Most Admired Workplaces 2025," reaffirming the company's commitment to fostering a dynamic and innovative workplace, recognized by employees and industry peers alike. Wabash earned a rating of four-and-a-half out of five stars and stands among only two heavy duty vehicle manufacturers featured on the list. It is also one of five Indiana-based companies out of 400 total companies to make the list, showcasing its leadership not only in th
LAFAYETTE, Ind., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced it is evaluating all available legal options in response to the verdict by a St. Louis jury in Williams et al. v. Wabash. The case concerns a 2019 motor vehicle accident in which a passenger vehicle traveling at a high speed struck the back of a nearly stopped 2004 Wabash trailer. "While this was a tragic accident, we respectfully disagree with the jury's verdict and firmly believe it is not supported by the facts or the law," said Wabash's General Counsel and Chief Administrative Officer Kristin Glazner. "No rear impact guard or trailer safety technology has ever existed that would have made a differenc
DA Davidson reiterated coverage of Wabash Natl with a rating of Neutral and set a new price target of $18.00 from $23.00 previously
DA Davidson downgraded Wabash Natl from Buy to Neutral and set a new price target of $25.00 from $36.00 previously
Raymond James downgraded Wabash Natl from Strong Buy to Mkt Perform
Vertical Research downgraded Wabash Natl from Buy to Hold and set a new price target of $27.00
Raymond James reiterated coverage of Wabash National with a rating of Strong Buy and set a new price target of $22.00 from $24.00 previously
Raymond James reiterated coverage of Wabash National with a rating of Strong Buy and set a new price target of $24.00 from $22.00 previously
DA Davidson initiated coverage of Wabash National with a rating of Buy and set a new price target of $25.00
Raymond James reiterated coverage of Wabash National with a rating of Strong Buy and set a new price target of $22.00 from $18.00 previously
Raymond James reiterated coverage of Wabash National with a rating of Strong Buy and set a new price target of $18.00 from $21.00 previously
Raymond James reiterated coverage of Wabash National with a rating of Strong Buy and set a new price target of $21.00 from $20.00 previously
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LAFAYETTE, Ind., Nov. 18, 2022 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) and its Board of Directors are pleased to announce the appointment of Sudhanshu Priyadarshi to the company's Board of Directors. Mr. Priyadarshi is a global finance and operations leader with extensive experience in the tech, logistics, e-commerce, retail, consumer packaged goods, and pharmaceutical industries in the U.S., Asia and Australia. He currently serves as Chief Financial Officer at Keurig Dr Pepper. Prior to joining Keurig Dr Pepper, he was Senior Vice President and Chief Financial Officer at Vista Outdoor, Inc., a leading global designer, manufacturer and marketer of consumer products in the outdoor sports an
LAFAYETTE, Ind., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) and its Board of Directors are pleased to announce the appointment of Trent Broberg to the company's Board of Directors as well as the Finance and Nominating, Corporate Governance and Sustainability Committees. Mr. Broberg has extensive experience with major carriers, as well as with the digital and technology nuances of transportation management. He is currently the Chief Executive Officer of ACERTUS, an automotive logistics as a service platform; and a member of the Board of Directors of DiCentral LLC, a global EDI software service provider helping organizations optimize their supply chain. Prior to joining ACERTUS,
INDIANAPOLIS, Aug. 3, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) ("Calumet", "the Partnership", "we", "us", "our") announced today the appointment of Karen Twitchell and John (Jack) Boss to the Board of Directors effective August 2, 2022. Concurrently, Calumet announced that Robert (Bob) Funk has elected to retire from the Board of Directors. "On behalf of everyone at Calumet, I'd like to thank Bob for his many years of service and significant contributions to the Partnership. We'll particularly miss his operational expertise, wisdom and commitment to the success of Calumet," said Steve Mawer, Executive Chairman. "When Bob notified us of his intent to reti
Jeffery L. Taylor has been appointed VP – CFO of Franklin Electric Co., Inc., effective June 14, 2021John J. Haines, VP – CFO of Franklin Electric Co., Inc., retires after 13 yearsMr. Taylor brings over 20 years of finance leadership experience to Franklin Electric, including most recently as the CFO of Blue Bird Corporation (NASDAQ:BLBD) FORT WAYNE, Ind., June 14, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. (NASDAQ:FELE) announced today that Jeffery L. Taylor has been appointed Vice President and Chief Financial Officer effective June 14, 2021. John J. Haines has retired as Vice President and Chief Financial Officer of the Company but will support Mr. Taylor through an interim pe