NYSE$WNC

Wabash National Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Wabash National's first quarter performance in 2021 reflected revenue within the prior guidance, operating income and margin improvements, and a significant backlog increase.

Wabash National Corporation reported a 1.3% increase in net sales to $392.0 million for the first quarter of 2021. The company's operating income was $11.2 million, with earnings per share at $0.06. Backlog increased by 57% year-over-year to $1.5 billion.

  • Revenue reached $392.0 million, aligning with prior guidance.
  • Operating income was $11.2 million, resulting in a 2.9% operating margin.
  • Net income amounted to $3.2 million, with earnings per share of $0.06.
  • Backlog surged to $1.5 billion, a 57% increase year-over-year.

Headline financials

Total Revenue

$392M

Previous: $387M+1.3%
EPS (adj)

$0.06

Previous: -$0.04+250.0%
Capital Expenditures

-$4.17M

Previous: -$6.28M+33.7%
Free Cash Flow

-$948K

Previous: -$113M+99.2%
Net Income

$3.22M

Previous: -$107M+103.0%
Operating Income

$11.2M

Previous: -$110M+110.2%
Gross Profit

$47.2M

Previous: $36.7M+28.4%
Cash & Equivalents

$169M

Previous: $155M+9.3%
Total Assets

$1.23B

Previous: $1.23B+0.1%
Stock-Based Comp

$2.03M

Previous: -$917K+321.6%

Revenue & EPS history

Wabash National · Revenue · Quarterly

$392M

Q1 2021+1.3%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

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

  • Transportation
    $583M-4.7%

Forward guidance

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.

Tailwinds

  • Increased sales guidance to $1.95 billion to $2.05 billion
  • Maintained earnings per diluted share midpoint of $0.75
  • Expect to be well positioned to maximize factory capacity
  • Achieve further operating margin expansion in 2022
  • Executing on solid demand conditions this year

Headwinds

  • Unprecedented labor challenges
  • Supply-chain challenges
  • Securing adequate labor
  • Supply stability
  • Strong material cost headwinds

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 2021

Historical avgQ1 2021

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro