NYSE$WNC

Wabash National Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Wabash National's Q4 2019 performance was marked by strong demand, resulting in $579.0 million in revenue and earnings per diluted share of $0.34.

Wabash National Corporation reported Q4 2019 net sales of $579.0 million and net income of $18.4 million, or $0.34 per diluted share. The company's full-year revenue reached a record $2.3 billion. The backlog grew sequentially to $1.1 billion.

  • Full year revenue reached a company record of $2.3 billion.
  • Q4 2019 revenue totaled $579.0 million.
  • Q4 2019 earnings per diluted share was $0.34.
  • Backlog increased sequentially to $1.1 billion.

Headline financials

Total Revenue

$579M

Previous: $610M-5.1%
EPS (adj)

$0.34

Previous: $0.38-10.5%
New trailers shipped

14.9K

Previous: 17.5K-14.6%
Total backlog

$1.1B

No prior period
Capital Expenditures

$15.4M

Previous: $13.7M+12.7%
Free Cash Flow

$54.7M

Previous: $42.1M+29.8%
Net Income

$18.4M

Previous: $11.6M+58.6%
Operating Income

$31.8M

Previous: $22.8M+39.5%
Gross Profit

$72.3M

Previous: $69.1M+4.7%
Cash & Equivalents

$141M

Previous: $133M+5.9%
Total Assets

$1.3B

Previous: $1.3B+0.0%
Stock-Based Comp

$1.67M

Previous: $1.69M-0.9%

Revenue & EPS history

Wabash National · Revenue · Quarterly

$579M

Q4 2019-5.1%vs Q4 2018
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

For the full year ending December 31, 2020, the company has issued guidance of $2.05 to $2.15 billion in sales and an earnings per diluted share midpoint of $1.20 with a range of $1.10 to $1.30.

Tailwinds

  • Company issued guidance of $2.05 to $2.15 billion in sales
  • Company issued guidance of $1.10 to $1.30 earnings per diluted share
  • Proactive approach toward strengthening balance sheet
  • Planning to execute in such an environment.
  • Confident in team's ability to succeed in any phase of the cycle

Headwinds

  • Moderating trailer demand in 2020 has been expected for some time.
  • Uncertain economic conditions
  • Increased competition
  • Reliance on certain customers and corporate partnerships
  • Risks of customer pick-up delays

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 Q4 2019

Historical avgQ4 2019

+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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