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Dec 31, 2020
Wabash National Q4 2020 Earnings Report
Strengthening demand drove revenue, with operating income of $10.0 million and earnings per diluted share of $0.10.
Key Takeaways
Wabash National Corporation reported Q4 2020 results with net sales of $404.1 million and net income of $5.5 million, or $0.10 per diluted share. The company's backlog increased sequentially to $1.5 billion. They initiated 2021 EPS outlook at $0.75 per diluted share.
Strengthening demand drives fourth quarter revenue of $404.1 million
Fourth quarter operating income of $10.0 million, decremental margin of 12 percent
Fourth quarter earnings per diluted share of $0.10
Backlog shows $500M sequential increase to $1.5 billion
Forward Guidance
The company has issued guidance of $1.9 billion to $2.0 billion in sales and an earnings per diluted share midpoint of $0.75 with a range of $0.70 to $0.80 for the full year ending December 31, 2021.
Positive Outlook
- Conditions strengthened throughout 2020 in many of our customers' end markets
- Equipment demand is poised to improve in 2021
- Focused in the near-term on executing on this cyclical upturn
- Continue to work on strategic initiatives to profitably grow the company in the long-term
- Bringing new technologies to market combined with our focus on building out adjacent revenue streams will provide us with opportunities for growth beyond what the cycle gives us
Historical Earnings Impact
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Avg. Return Before/After Earnings
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