NYSE$WNC

Wabash National Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Strengthening demand drove revenue, with operating income of $10.0 million and earnings per diluted share of $0.10.

Wabash National Corporation reported Q4 2020 results with net sales of $404.1 million and net income of $5.5 million, or $0.10 per diluted share. The company's backlog increased sequentially to $1.5 billion. They initiated 2021 EPS outlook at $0.75 per diluted share.

  • Strengthening demand drives fourth quarter revenue of $404.1 million
  • Fourth quarter operating income of $10.0 million, decremental margin of 12 percent
  • Fourth quarter earnings per diluted share of $0.10
  • Backlog shows $500M sequential increase to $1.5 billion

Headline financials

Total Revenue

$404M

Previous: $579M-30.2%
EPS (adj)

$0.10

Previous: $0.34-70.6%
Total backlog

$1.5B

Previous: $1.1B+36.4%
Capital Expenditures

$6.41M

Previous: $15.4M-58.4%
Free Cash Flow

$104M

Previous: $54.7M+90.3%
Net Income

$5.5M

Previous: $18.4M-70.1%
Operating Income

$10M

Previous: $31.8M-68.5%
Gross Profit

$45.5M

Previous: $72.3M-37.1%
Cash & Equivalents

$218M

Previous: $141M+54.9%
Total Assets

$1.16B

Previous: $1.3B-11.0%
Stock-Based Comp

$2.23M

Previous: $1.67M+33.3%

Revenue & EPS history

Wabash National · Revenue · Quarterly

$404M

Q4 2020-30.2%vs Q4 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 company has issued guidance of $1.9 billion to $2.0 billion in sales and an earnings per diluted share midpoint of $0.75 with a range of $0.70 to $0.80 for the full year ending December 31, 2021.

Tailwinds

  • Conditions strengthened throughout 2020 in many of our customers' end markets
  • Equipment demand is poised to improve in 2021
  • Focused in the near-term on executing on this cyclical upturn
  • Continue to work on strategic initiatives to profitably grow the company in the long-term
  • Bringing new technologies to market combined with our focus on building out adjacent revenue streams will provide us with opportunities for growth beyond what the cycle gives us

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 2020

Historical avgQ4 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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