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Jun 30, 2022
Wabash National Q2 2022 Earnings Report
Wabash National's Q2 2022 earnings were announced, featuring record quarterly revenue and improved operating margin.
Key Takeaways
Wabash National reported record quarterly revenue of $642.8 million, a 43% increase year-over-year, driven by strong customer demand and increased trailer shipments. The operating income reached $35.9 million, with an improved operating margin of 5.6%. The company's backlog reached a second-quarter record of $2.3 billion, a 71% increase year-over-year. The full-year outlook for revenue and EPS was maintained at $2.5 billion and $1.90, respectively.
Record quarterly revenue of $642.8 million achieved due to increasing new trailer shipments.
Operating income reached $35.9 million with an operating margin improvement to 5.6%.
Diluted earnings per share was $0.46, within the prior outlook range.
Backlog of $2.3 billion sets a second quarter record, increasing 71% year-over-year.
Revenue by Segment
Forward Guidance
The company maintained its outlook for revenue of $2.5 billion and EPS of $1.90 for the full year ending December 31, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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