Wabash National Corporation reported net sales of $339.2 million for the second quarter of 2020. The company's operating income was $6.0 million, and earnings per share was $0.00. The total company backlog as of June 30, 2020, was approximately $750 million.
Second quarter revenue of $339M, earnings per share of $0.00
Rapid cost containment leads to exceptional decremental margin management at 15%
Liquidity position strengthens sequentially, repaid previous advances on revolver
Second quarter backlog of approximately $750 million gives visibility into the second half of 2020
The Company's goal for 2020 remains positive free cash flow generation.
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