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
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.
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