NYSE$WNC

Wabash National Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Wabash National's financial performance declined due to goodwill impairment and COVID-19 impacts.

Wabash National Corporation reported a decrease in net sales to $387.1 million, with an operating loss of $110.1 million primarily due to a goodwill impairment of $107.1 million. GAAP earnings per share was $(2.01), while non-GAAP earnings per share was $(0.04). The company's backlog remained relatively stable at $1.0 billion.

  • GAAP Earnings Per Share of $(2.01) or non-GAAP Adjusted Earnings Per Share of $(0.04).
  • First Quarter Backlog of $1.0 billion shows relative stability.
  • Strong liquidity position, patient debt structure with no financial covenants at present borrowing levels.
  • Capital allocation focused on liquidity, maintaining dividend and debt reduction.

Headline financials

Total Revenue

$387M

Previous: $533M-27.4%
EPS (adj)

-$0.04

Previous: $0.27-114.8%
New trailers shipped

9.2K

Previous: 13.1K-30.2%
Capital Expenditures

-$6.28M

Previous: -$6.8M+7.7%
Free Cash Flow

-$113M

Previous: $7.98M-1515.5%
Net Income

-$107M

Previous: $14.8M-821.6%
Operating Income

-$110M

Previous: $25.2M-536.8%
Gross Profit

$36.7M

Previous: $68.7M-46.5%
Cash & Equivalents

$155M

Previous: $152M+1.8%
Total Assets

$1.23B

Previous: $1.41B-13.0%
Stock-Based Comp

-$917K

Previous: $2.59M-135.5%

Revenue & EPS history

Wabash National · Revenue · Quarterly

$387M

Q1 2020-27.4%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Wabash National · $583M total across 1 segment · Q3 2023

  • Transportation
    $583M-4.7%

Forward guidance

The COVID-19 pandemic is sure to have a significant impact on the economy in 2020, though the company has been encouraged by the relative stability of backlog through this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.3%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+1.6%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+22.5%

Q3 2012

Best reaction

-30.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-10.6%-8.7%
Q4 2025-3.1%-0.8%-18.1%
Q3 2025-2.2%-2.8%+4.3%
Q1 2025-30.6%-18.9%-13.0%
Q4 2024+4.3%-2.2%-25.1%
Q3 2024+5.4%+5.0%+13.2%
Q2 2024-9.0%-7.9%-13.3%
Q1 2024-6.8%-6.6%-13.4%
Q4 2023+10.6%+5.0%+6.2%
Q3 2023+1.4%+0.7%+4.7%
Q2 2023-9.9%-4.3%-10.3%
Q1 2023+17.2%+16.0%+9.0%
Q4 2022+11.4%+10.4%+6.3%
Q3 2022+17.6%+28.7%+52.7%
Q2 2022+7.7%+14.8%+10.6%
Q1 2022+9.0%+4.8%+11.2%
Q4 2021-10.7%-15.3%-11.8%
Q3 2021+2.4%+2.5%+3.4%
Q2 2021+1.1%+2.2%+9.7%
Q1 2021-2.0%-2.5%-14.1%
Q4 2020+3.3%+6.7%+10.6%
Q3 2020+5.9%+12.7%+21.0%
Q2 2020+7.5%+0.2%+7.2%
Q1 2020+0.1%+13.7%+31.2%
Q4 2019+6.0%+4.6%-27.0%
Q3 2019+4.9%+2.9%+5.0%
Q2 2019-2.1%-3.6%-12.6%
Q1 2019-0.5%+3.2%-10.4%
Q4 2018-5.8%-5.3%-0.2%
Q3 2018+13.0%+17.8%+16.7%
Q2 2018+1.2%-1.0%-2.1%
Q1 2018+1.9%-2.1%-0.2%
Q4 2017+9.2%+8.2%-6.5%
Q3 2017-3.2%-10.4%-8.5%
Q2 2017-7.8%-16.1%-11.3%
Q1 2017+20.2%+15.5%+8.7%
Q4 2016+15.0%+20.3%+23.4%
Q3 2016-12.5%-16.2%+1.9%
Q2 2016+8.6%+12.8%+11.9%
Q1 2016+10.7%
Q4 2015-1.0%
Q3 2015+1.1%
Q2 2015+10.8%
Q1 2015+6.1%
Q4 2014+14.1%
Q3 2014-17.5%
Q2 2014+0.8%
Q1 2014-6.0%
Q4 2013-8.5%
Q3 2013-7.6%
Q2 2013+13.7%
Q1 2013-5.9%
Q4 2012-3.5%
Q3 2012+22.5%
Q2 2012+3.0%
Q1 2012-1.6%
Q4 2011-2.4%
Q3 2011+6.4%
Q4 2010-12.4%
Q2 2011-12.4%
Q1 2011-6.6%
Q3 2010+13.6%
Q2 2010-6.3%
Q1 2010-8.6%

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