NYSE$WNC

Wabash National Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported revenue of $449.4 million and EPS of $0.24.

Wabash National Corporation reported a strong second quarter with a 32.5% increase in revenue compared to the prior year, reaching $449.4 million. The company's operating income was $22.7 million, and GAAP earnings per share were $0.24. The backlog increased by 77% year-over-year, reaching $1.3 billion.

  • Revenue increased to $449.4 million due to increasing new trailer shipments.
  • Operating income was $22.7 million on a GAAP basis.
  • Earnings per share reached $0.24 on a GAAP basis.
  • Backlog increased 77% year-over-year to $1.3 billion.

Headline financials

Total Revenue

$449M

Previous: $339M+32.5%
EPS (adj)

$0.21

Previous: -$0.00+7708.7%
New trailers shipped

11.6K

No prior period
Total backlog

$1.3B

No prior period
Capital Expenditures

-$11.1M

Previous: -$10.9M-1.3%
Free Cash Flow

$1.19M

Previous: -$11.1M+110.7%
Net Income

$12.3M

Previous: -$146K+8491.8%
Operating Income

$22.7M

Previous: $6M+278.1%
Gross Profit

$55.6M

Previous: $34.3M+62.0%
Cash & Equivalents

$134M

Previous: $136M-1.2%
Total Assets

$1.18B

Previous: $1.14B+3.3%
Stock-Based Comp

$2.18M

No prior period

Revenue & EPS history

Wabash National · Revenue · Quarterly

$449M

Q2 2021+32.5%vs Q2 2020
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 company maintained its EPS outlook for the full year ending December 31, 2021, and updated it for the impact of the divestiture of Extract Technology. The midpoint for earnings per diluted share is anticipated to be $0.72 with a range of $0.67 to $0.77.

Tailwinds

  • New trailer shipments remain on an upward trajectory.
  • Ramp in trailer production continues to meet expectations.
  • Freight markets remain very strong.
  • Customers are looking to trailers as a way to address intensified driver shortages and network imbalances.
  • Continue to manage through short-term commodity headwinds and labor challenges.

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 Q2 2021

Historical avgQ2 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%

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