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Jun 30, 2021
Wabash National Q2 2021 Earnings Report
Reported revenue of $449.4 million and EPS of $0.24.
Key Takeaways
Wabash National Corporation reported a strong second quarter with a 32.5% increase in revenue compared to the prior year, reaching $449.4 million. The company's operating income was $22.7 million, and GAAP earnings per share were $0.24. The backlog increased by 77% year-over-year, reaching $1.3 billion.
Revenue increased to $449.4 million due to increasing new trailer shipments.
Operating income was $22.7 million on a GAAP basis.
Earnings per share reached $0.24 on a GAAP basis.
Backlog increased 77% year-over-year to $1.3 billion.
Forward Guidance
The company maintained its EPS outlook for the full year ending December 31, 2021, and updated it for the impact of the divestiture of Extract Technology. The midpoint for earnings per diluted share is anticipated to be $0.72 with a range of $0.67 to $0.77.
Positive Outlook
- New trailer shipments remain on an upward trajectory.
- Ramp in trailer production continues to meet expectations.
- Freight markets remain very strong.
- Customers are looking to trailers as a way to address intensified driver shortages and network imbalances.
- Continue to manage through short-term commodity headwinds and labor challenges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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