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Dec 31, 2022
Wabash National Q4 2022 Earnings Report
Wabash National's Q4 2022 results were announced, showcasing record sales and EPS, driven by robust customer demand and strategic partnerships.
Key Takeaways
Wabash National reported record fourth-quarter revenue of $657.4 million and EPS of $0.84. The company's backlog increased to $3.4 billion, supported by a long-term agreement with J.B. Hunt. For the full year 2022, revenue reached a record $2.5 billion, and the company initiated its 2023 outlook with revenue guidance of $2.9 billion and EPS of $2.85 at the midpoints.
Achieved record quarterly revenue of $657.4 million.
Reported quarterly operating income of $57.7 million, representing an 8.8% operating margin.
Earnings per diluted share reached $0.84 for the quarter.
Total backlog increased to a record $3.4 billion, driven by a long-term agreement with J.B. Hunt.
Revenue by Segment
Forward Guidance
For the full year ending December 31, 2023, the Company has issued guidance in the range of $2.8 to $3.0 billion in sales with a midpoint of $2.9 billion and earnings per diluted share of $2.70 to $3.00 with a midpoint of $2.85.
Positive Outlook
- Partnership with strategic customers like J.B. Hunt provides a new level of control.
- Commercial implications are clear from a total backlog of $3.4 billion.
- Backlog provides significant visibility into 2024.
- Wabash team has embraced the level of change driven in recent years.
- Creating a future with more opportunity for organic growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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