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Dec 31, 2023
Wabash National Q4 2023 Earnings Report
Wabash National's Q4 2023 financial performance was announced, featuring solid revenue and profitability, alongside strategic advancements.
Key Takeaways
Wabash National reported Q4 2023 revenue of $596 million and operating income of $61.1 million, resulting in an EPS of $1.07. The company's total backlog remained steady at $1.9 billion, with the 12-month backlog increasing to $1.6 billion. For the full year 2023, Wabash National achieved record sales, operating income, and EPS.
Q4 revenue reached $596 million.
Operating income for the quarter was $61.1 million, representing a 10.3% operating margin.
Earnings per diluted share for Q4 stood at $1.07.
Total backlog remained strong at $1.9 billion, with a 12-month backlog of $1.6 billion.
Revenue by Segment
Forward Guidance
For the full year ending December 31, 2024, the Company has issued guidance with sales in the range of $2.2 billion to $2.4 billion with a midpoint of $2.3 billion and earnings per diluted share of $2.00 to $2.50 with a midpoint of $2.25.
Positive Outlook
- Company expects sales in the range of $2.2 billion to $2.4 billion with a midpoint of $2.3 billion
- Company expects earnings per diluted share of $2.00 to $2.50 with a midpoint of $2.25.
- Meaningful backlog
- Strong balance sheet
- Confidence to continue at full speed with our strategic growth initiatives
Challenges Ahead
- Expect a moderation in 2024 financial performance relative to 2023
Historical Earnings Impact
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Avg. Return Before/After Earnings
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