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Mar 31, 2021
Wabash National Q1 2021 Earnings Report
Wabash National's first quarter performance in 2021 reflected revenue within the prior guidance, operating income and margin improvements, and a significant backlog increase.
Key Takeaways
Wabash National Corporation reported a 1.3% increase in net sales to $392.0 million for the first quarter of 2021. The company's operating income was $11.2 million, with earnings per share at $0.06. Backlog increased by 57% year-over-year to $1.5 billion.
Revenue reached $392.0 million, aligning with prior guidance.
Operating income was $11.2 million, resulting in a 2.9% operating margin.
Net income amounted to $3.2 million, with earnings per share of $0.06.
Backlog surged to $1.5 billion, a 57% increase year-over-year.
Forward Guidance
For the full year ending December 31, 2021, the company increased its sales guidance to $1.95 billion to $2.05 billion and maintained its earnings per diluted share midpoint of $0.75 with a range of $0.70 to $0.80.
Positive Outlook
- Increased sales guidance to $1.95 billion to $2.05 billion
- Maintained earnings per diluted share midpoint of $0.75
- Expect to be well positioned to maximize factory capacity
- Achieve further operating margin expansion in 2022
- Executing on solid demand conditions this year
Challenges Ahead
- Unprecedented labor challenges
- Supply-chain challenges
- Securing adequate labor
- Supply stability
- Strong material cost headwinds
Historical Earnings Impact
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Avg. Return Before/After Earnings
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