Wabash National (WNC) Tops Q1 EPS by 7c, Revenues Miss; Raises FY21 Revenue Guidance Above Consensus, Maintains FY21 EPS Outlook

Wabash National (NYSE: WNC) reported Q1 EPS of $0.06, $0.07 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $392 million versus the consensus estimate of $407.29 million.

“During the first quarter, the Wabash team executed well to navigate the unprecedented labor and supply-chain challenges that have impacted our industry in addition to all U.S. manufacturing sectors,” explained Brent Yeagy, president and chief executive officer. “Freight activity in the United States remains exceptionally strong and we are focused on adding the system capacity to support our customers’ demand for equipment now and into the future.”

“We remain focused on executing on solid demand conditions this year while simultaneously working to secure adequate labor and supply stability in order to achieve strong exit run rates by the end of 2021. We expect to be well positioned to maximize our factory capacity and achieve further operating margin expansion in 2022, particularly as we anniversary strong material cost headwinds in the current year. Our One Wabash approach has our businesses coming together in new and interesting ways and has accelerated conversations with key customers seeking strategic partners for solutions to support transportation, logistics and distribution.”

GUIDANCE:

Wabash National sees FY2021 EPS of $0.70-$0.80, versus the consensus of $0.77. Wabash National sees FY2021 revenue of $1.95-2.05 billion, versus the consensus of $1.94 billion.

• For the full year ending December 31, 2021, the company increased its sales guidance to $1.95 billion to $2.05 billion and maintained its earnings per diluted share midpoint of $0.75 with a range of $0.70 to $0.80.

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

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