WNC Wabash National Corporation

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

January 14, 2015

 

Wabash National Corporation

(Exact name of registrant as specified in its charter)

 

Delaware		1-10883		52-1375208
(State or other jurisdiction of incorporation)		(Commission File No.)		(IRS Employer Identification No.)
1000 Sagamore Parkway South, Lafayette, Indiana				47905
(Address of principal executive offices)				(Zip Code)

 

Registrant’s telephone number, including area code:
(765) 771-5300

 _________________

 

Not applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

 

Section 2 – Financial Information

 

Item 2.02 Results of Operations and Financial Condition.

 

On January 14, 2015, Wabash National Corporation (the “Company”) issued a press release updating and raising the guidance previously provided on the Company’s full year expectations for 2014. A copy of the Registrant’s press release is attached as Exhibit 99.1 and is incorporated herein by reference.

 

This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing of Wabash National Corporation, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

  

Section 9 – Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

99.1 Wabash National Corporation press release dated January 14, 2015.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

		WABASH NATIONAL CORPORATION
Date:  January 14, 2015		By:	/s/ Jeffery L. Taylor Jeffery L. Taylor Senior Vice President and Chief Financial Officer

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Wabash National Corporation Press Release dated January 14, 2015

  

 

 

Exhibit 99.1

 

 

Media Contact: Tom Rodak Vice President, Corporate Marketing (765) 771-5555 tom.rodak@wabashnational.com
Investor Relations: Jeffery Taylor Senior Vice President & Chief Financial Officer (765) 771-5438 jeff.taylor@wabashnational.com

  

FOR IMMEDIATE RELEASE

  

Wabash National Raises Full Year 2014 Outlook

 

·

Full year 2014 trailer shipments exceeded prior guidance mid-point by more than 2,000 units, raising full year shipments to more than 57,300 units

·

Strong fourth quarter performance leads to record full year net sales, estimated to be $1.86 billion, a 14% year over year increase

·

Full year GAAP diluted earnings per share expected to be $0.83-$0.85, an increase of approximately 24-27% over prior year

 

LAFAYETTE, Ind. – January 14, 2015 – Wabash National Corporation (NYSE: WNC), a diversified industrial manufacturer and North America’s leading producer of semi-trailers and liquid transportation systems, today is updating and raising the guidance previously provided on its full year expectations for 2014. Full year new trailer shipments exceeded 57,300 units, above our previously provided full year guidance of 54,500 to 56,000 new trailers, driven by stronger than anticipated customer pick-ups in all areas of the business. As a result, consolidated net sales for the full year 2014 are estimated to be approximately $1.86 billion, an increase of approximately 14 percent as compared to the previous year. Full year GAAP earnings are now anticipated to be in the range of $0.83 to $0.85 per diluted share as Wabash benefited from the higher volumes and improved operational performance.

 

Dick Giromini, president and chief executive officer, stated, “We are very pleased with the exceptional performance in the fourth quarter as trailer and equipment shipments exceeded our expectations as favorable weather conditions, compared to the prior year period, provided support to these efforts. With an exceptionally strong backlog and continued operating improvements, we were able to deliver our third consecutive record-setting quarter and another all-time record year.”

 

The information above is preliminary and is subject to change as final results are completed. As a result, actual results could be materially different from these estimates. Furthermore, the information above is only a summary of certain estimates and does not contain all information necessary for an understanding of the Company’s operating performance for 2014 or its financial condition as of December 31, 2014. Wabash is scheduled to release its fourth quarter and full year 2014 results, which will include additional information on operating performance and financial condition, on Tuesday, February 3, 2015, after the close of the financial markets.

 

About Wabash National Corporation

 

Headquartered in Lafayette, Indiana, Wabash National Corporation (NYSE: WNC) is a diversified industrial manufacturer and North America’s leading producer of semi trailers and liquid transportation systems. Established in 1985, the Company specializes in the design and production of dry freight vans, refrigerated vans, platform trailers, liquid tank trailers, intermodal equipment, engineered products, and composite products. Its innovative products are sold under the following brand names: Wabash National^®, Transcraft^®, Benson^®, DuraPlate^®, ArcticLite^®, Walker Transport, Walker Defense Group, Walker Barrier Systems, Walker Engineered Products, Brenner^® Tank, Beall^®, Garsite, Progress Tank, TST^®, Bulk Tank International and Extract Technology^®. To learn more, visit www.wabashnational.com.

  

Safe Harbor Statement

 

This press release contains certain forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. All statements contained in this press release other than statements of historical fact are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Readers should review and consider the various disclosures made by the Company in its filings with the Securities and Exchange Commission, including the risks and uncertainties described therein.

 

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