Wabash National (WNC) Tops Q1 EPS by 4c

Wabash National (NYSE: WNC) reported Q1 EPS of $0.31, $0.04 better than the analyst estimate of $0.27. Revenue for the quarter came in at $363 million versus the consensus estimate of $371.43 million.

GUIDANCE:

Wabash National sees FY2017 EPS of $1.44-$1.56.

Dick Giromini, chief executive officer, stated, “We are pleased with first quarter operating results, with Operating Income of $30.3 million representing the second strongest first quarter in our Company’s history. Performance targets in cost management and execution were achieved within both Commercial Trailer Products and Diversified Products, as gross margins delivered were consistent with expectations previously communicated, despite trailer shipments slightly below prior guidance due strictly to timing of customer pick-up. Backlog grew once again, coming in at a seasonally and historically strong $863 million, continuing to support our long-standing belief that trailer fleet age, regulatory compliance requirements, and customer profitability provide strong support for a continued favorable demand environment.”

For earnings history and earnings-related data on Wabash National (WNC) click here.

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