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Sep 30, 2021
Wabash National Q3 2021 Earnings Report
Reported third quarter 2021 results with record backlog and increased revenue.
Key Takeaways
Wabash National Corporation reported a strong third quarter in 2021, with revenue of $482.6 million, a record backlog of $1.9 billion, and earnings per share of $0.22, exceeding prior outlook. The company is optimistic about 2022, providing an initial EPS outlook of $1.70.
Record backlog of $1.9 billion, up 87% year-over-year.
Revenue of $482.6 million driven by increasing new trailer shipments.
Operating income of $18.3 million.
Earnings per share of $0.22, exceeding prior outlook.
Revenue by Segment
Forward Guidance
The company anticipates a strong financial performance in 2022, with an initial EPS outlook of $1.70, assuming stable labor and supply chain conditions.
Positive Outlook
- Strong order book.
- Stronger jumping off point in build rates.
- Hard reset on pricing within the 2022 order book.
- Opportunity for strong financial performance in 2022.
- Company modified its EPS outlook to $0.60 to $0.65 for the full year ending December 31, 2021.
Challenges Ahead
- Increased supply chain headwinds.
- Material cost headwinds.
- Uneven business environment.
- Uneven manufacturing environment.
- Changes in the supply chain.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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