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Dec 31, 2021
Wabash National Q4 2021 Earnings Report
Announced fourth quarter and full year 2021 results, highlighted by a record backlog and strategic brand unification.
Key Takeaways
Wabash National reported Q4 2021 results with a net sales of $479.3 million and an operating loss of $(18.6) million. On a non-GAAP basis, the operating income was $9.7 million, or 2.0% of net sales. The company's backlog reached a record $2.5 billion, up 31% sequentially and 70% year-over-year.
Record backlog of $2.5 billion, up 31% sequentially and 70% year-over-year.
Fourth quarter revenue of $479.3 million.
Fourth quarter GAAP operating loss of $(18.6) million, or operating income of $9.7 million on a non-GAAP adjusted basis.
Company announces move to unified Wabash branded offerings, retirement of legacy brand names.
Revenue by Segment
Forward Guidance
For the full year ending December 31, 2022, the company has issued guidance of approximately $2.3 billion in sales and earnings per diluted share of at least $1.75.
Positive Outlook
- Optimistic about 2022 due to cost recovery within order backlog.
- Order backlog grew to another record level during the fourth quarter.
- Initiation of pass-through pricing on commodities ensure a new level of margin stability
- EPS certainty for Wabash in 2022.
- Focused on bringing new products and technologies to market.
Challenges Ahead
- Financial outlook assumes no improvement in supply chain conditions.
- Uncertain economic conditions including the possibility that customer demand may not meet expectations
- Increased competition
- Reliance on certain customers and corporate partnerships
Historical Earnings Impact
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Avg. Return Before/After Earnings
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