Wabash National Corporation Announces Financial Targets at Investor Day
February 28 2019 - 06:30AM
Wabash National Corporation (NYSE: WNC) will hold its 2019 Investor
Day in New York City today with presentations given by President
and Chief Executive Officer Brent Yeagy, Senior Vice President and
Chief Financial Officer Jeff Taylor, and executive leadership from
the Company’s strategic business units. Management will present its
strategy, 3-year financial targets and provide an in-depth review
of its three reporting segments: Final Mile Products, Diversified
Products Group and Commercial Trailer Products.
“We are pleased to host the investment community today and
review how our company has transformed to a more diversified
transportation solutions provider. With more than $1B in non-dry
van revenue during 2018, Wabash National is well positioned to
benefit from changes occurring throughout the transportation supply
chain,” said Yeagy. “We are also excited to introduce the Wabash
Management System to further scale best-in-class performance and
deliver enhanced operational capabilities. By leveraging our
sustainable competitive advantages, including continued focus on
innovation, operational excellence and an industry-leading product
portfolio, we are accelerating profitable growth with a focus on
higher margin opportunities.”
The Company will outline the following financial goals targeted
to be achieved by the end of 2021:
- Revenue of ~$2.2B
- Operating Margin of ~8%
- Earnings Per Share of $1.90 - $2.10
A webcast of the event, copies of the presentations and non-GAAP
reconciliations are available at ir.wabashnational.com.
About Wabash National
Corporation Headquartered in Lafayette,
Indiana, Wabash National Corporation (NYSE: WNC) is a
diversified industrial manufacturer and a leading producer of
semi-trailers, truck bodies and liquid transportation systems.
Established in 1985, the Company manufactures a diverse range of
products including: dry freight and refrigerated trailers, platform
trailers, bulk tank trailers, dry and refrigerated truck bodies,
intermodal equipment, structural composite panels and products,
trailer aerodynamic solutions, and specialty food grade and
pharmaceutical equipment. Its innovative products are sold under
the following brand names: Wabash National®, Beall®, Benson®,
Brenner® Tank, Bulk Tank International, DuraPlate®, Extract
Technology®, Supreme®, Transcraft®, Walker Engineered Products, and
Walker Transport. Learn more at www.wabashnational.com.
Safe Harbor StatementThis press release
contains certain forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements convey the Company’s 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 include, among other
things, all statements regarding the Company’s outlook for trailer
and truck body shipments, backlog, expectations regarding demand
levels for trailers, truck bodies, non-trailer equipment and our
other diversified product offerings, pricing, profitability and
earnings, cash flow and liquidity, opportunity to capture higher
margin sales, new product innovations, our growth and
diversification strategies, our expectations for improved financial
performance during the course of the year and our expectations with
regards to capital allocation. These and the Company’s other
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those implied by the forward-looking statements. Without
limitation, these risks and uncertainties include the continued
integration of Supreme into the Company’s business, adverse
reactions to the transaction by customers, suppliers or strategic
partners, uncertain economic conditions including the possibility
that customer demand may not meet our expectations, increased
competition, reliance on certain customers and corporate
partnerships, risks of customer pick-up delays, shortages and costs
of raw materials including the impact of tariffs or other
international trade developments, risks in implementing and
sustaining improvements in the Company’s manufacturing operations
and cost containment, dependence on industry trends and timing,
supplier constraints, labor costs and availability, customer
acceptance of and reactions to pricing changes and costs of
indebtedness. Readers should review and consider the various
disclosures made by the Company in this press release and in the
Company’s reports to its stockholders and periodic reports on Forms
10-K and 10-Q.
Media Contact: Dana StelselDirector, Corporate
Communications (765) 771-5766dana.stelsel@wabashnational.com
Investor Relations: Ryan Reed Director, Investor
Relations (765) 771-5805 ryan.reed@wabashnational.com
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