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Sep 30, 2020
Wabash National Q3 2020 Earnings Report
Reported a profitable quarter driven by strategic cost reductions and improved financial management.
Key Takeaways
Wabash National Corporation reported third quarter revenue of $352 million. The company achieved a GAAP EPS of $0.07, or $0.09 on an adjusted non-GAAP basis. The company's backlog increased to $1 billion, reflecting improved end-market sentiment for 2021.
Third quarter revenue of $352M on stable shipment volumes
Completion of $20M run-rate savings from reorganization actions deliver 13% decremental margins
Net Income turns positive with $0.07 GAAP EPS or $0.09 adjusted non-GAAP EPS
Substantial improvement in trough financial performance speaks to more resilient business model
Forward Guidance
The company anticipates an improving demand environment into 2021, driven by strong underpinnings within the freight markets and rebounding freight activity.
Positive Outlook
- Rebounding freight activity
- Significant gains in spot and contract rates
- Improved demand environment into 2021
- Benefits of Company's diversification efforts
- Actions to significantly strengthen the management system
Historical Earnings Impact
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Avg. Return Before/After Earnings
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