Wabash National Corporation Announces Financial Targets at Investor Day

February 28, 2019

LAFAYETTE, Ind., Feb. 28, 2019 (GLOBE NEWSWIRE) -- 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 Statement
This 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 Stelsel
Director, Corporate Communications
(765) 771-5766

Investor Relations:
Ryan Reed
Director, Investor Relations
(765) 771-5805

Wabash National Corporation Logo

Source: Wabash National Corporation