Wabash National Provides Update on Current Environment and 2020 Outlook
March 20 2020 - 06:45AM
Wabash National Corporation (NYSE: WNC) today announced that as a
result of the ongoing COVID-19 outbreak, the Company does not
expect to meet its first quarter or full year 2020 guidance
provided on February 12, 2020. Given the rapidly evolving
situation, the Company is currently unable to quantify the full
impact of COVID-19 on its outlook and expects to provide additional
information during its first quarter earnings call.
“The guidance we provided in our Q4 call
reflected an environment where Wabash anticipated minimal impact on
our operations from COVID-19, which was the best information we had
at the time. Customer pickups have been behind our initial
expectations and we anticipate growing supply chain disruption in
the coming weeks,” said Brent Yeagy, president and chief executive
officer. “Our highest priority remains the safety, health and
well-being of our employees, their families and our communities. We
have taken proactive measures to protect our people and will
continue to take necessary actions. We are very thankful to our
employees for their continued dedication as we collectively work
together during this uncertain time.”
About Wabash National
Corporation
As the innovation leader of engineered solutions
for the transportation, logistics and distribution industries,
Wabash National Corporation (NYSE: WNC) is changing how the world
reaches you. Headquartered in Lafayette, Indiana, the company’s
mission is to enable customers to succeed with breakthrough ideas
and solutions that help them move everything from first to final
mile. Wabash National designs and manufactures a diverse range of
products, including: dry freight and refrigerated trailers,
platform trailers, bulk tank trailers, dry and refrigerated truck
bodies, 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.
Media Contact:Dana
StelselDirector, Corporate Communications(765)
771-5766dana.stelsel@wabashnational.com
Investor Relations:Ryan
ReedDirector, Investor Relations(765)
490-5664ryan.reed@wabashnational.com
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