Wabash National Corporation reported a strong first quarter in 2022, with revenue increasing by 39.5% year-over-year to $546.8 million. The company's diluted earnings per share was $0.24, exceeding prior outlook. Wabash's backlog reached a first quarter record of $2.3 billion, increasing more than 50% year over year.
Revenue of $546.8 million on increasing new trailer shipments.
Operating income of $20.1 million.
Diluted earnings per share of $0.24, exceeding prior outlook.
Robust backlog of $2.3B sets first quarter record; increases 50%+ YoY.
The company increased its outlook for revenue by $200 million to $2.5 billion and increased its full year EPS outlook by $0.15 to $1.90.
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