Wabash National Corporation (WNC) Releases Earnings Results, Beats Expectations By $0.17 EPS

Wabash National Corporation (WNC) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $0.25. The company posted revenue of $447.67 million in the period, compared to analysts expectations of $431.44 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Wabash National Corporation opened for trading at $12.48 and hit $12.99 on the upside on Friday, eventually ending the session at $12.93, with a gain of 3.44% or 0.43 points. The heightened volatility saw the trading volume jump to 14,67,421 shares. Company has a market cap of $840 M.

In a different news, on Aug 10, 2015, Richard J Giromini (President & CEO) sold 45,830 shares at $14.01 per share price. According to the SEC, on May 11, 2015, Bruce N Ewald (SVP, Sales) sold 27,000 shares at $14.70 per share price.

Wabash National Corporation (Wabash) is engaged in designing manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment. The Company operates in three segments: Commercial Trailer Products Diversified Products and Retail. The Commercial Trailer Products segment manufactures standard and customized truck trailers. The Diversified Products segment focuses to expand its customer base diversify its product offerings end markets and revenues. The Retail segment includes its 15 Company-owned retail branch locations which are strategically located in metropolitan areas to provide additional opportunities to distribute its products. The Company’s commercial trailer product trademarks include Wabash DuraPlate DuraPlateHD DuraPlate XD-35 FreightPro ArcticLite RoadRailer Transcraft Eagle Eagle II D-Eagle and Benson. Its three trailer drag reduction systems include Ventix DRS AeroFin and AeroSkirt CX.

Wabash National Corporation

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