Wabash National Corp. (WNC) Boosts FY14 Outlook; EPS, Revs Now Top Expectations

Wabash National Corp. (NYSE: WNC) 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.

*** The Street sees FY14 revs of $1.81 billion and EPS of $0.80.

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.

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