LONDON, UK / ACCESSWIRE / February 13, 2018 / Active-Investors.com has just released a free earnings report on Wabash National Corp. (NYSE: WNC) ("Wabash"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WNC. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on January 30, 2018. The maker of truck trailers outperformed top- and bottom-line expectations, and provided guidance for the upcoming quarter. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Wabash National most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=WNC

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Wabash's net sales advanced 18% to $543.44 million compared to $462.06 million in Q4 2016. The Company's revenue numbers exceeded analysts' expectations of $528.1 million.

For the twelve months ended December 31, 2017, Wabash reported net sales of $1.77 billion compared to $1.85 billion for FY16.

During Q4 2017, Wabash's operating income decreased 13% to $35.3 million compared to $40.6 million for Q4 2016. The Company's operating earnings before interest, tax, depreciation, and amortization (EBITDA) was $51.06 million for the reported quarter compared to $53.61 million for the prior year's same quarter.

Wabash reported a net income of $49.4 million, or $0.80 per diluted share, for Q4 2017 compared to a net income of $23.0 million, or $0.36 per diluted share, for Q4 2016. The Company's reported quarter results included a one-time tax benefit associated with both the adjustment of the Company's net deferred income tax liability totaling $19.7 million, as a result of the Tax Cuts and Jobs Act 2017 (TCJA), and the reversal of reserves for uncertain tax positions of $12.6 million. Furthermore, the Company's earnings in Q4 2017 included non-recurring expenses totaling $6.6 million, primarily related to acquisition and integration expenses associated with the Company's acquisition of Supreme Industries, Inc. in September 2017, and charges incurred related to the closing of former branch locations.

Wabash reported non-GAAP adjusted earnings of $22.25 million, or $0.36 per diluted share, in Q4 2017 compared to $24.21 million, or $0.38 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.34 per share.

For FY17, Wabash reported a net income of $111.4 million, or $1.78 per diluted share, compared to $119.4 million, or $1.82 per diluted share, for FY16. The Company's non-GAAP adjusted earnings were $86.2 million, or $1.38 per diluted share, in FY17 compared to $121.5 million, or $1.85 per diluted share, in FY16.

Wabash ended the year with historically strong backlog of orders totaling $1.2 billion, an increase of 64% compared to the previous quarter.

Segment Results

During Q4 2017, Wabash's Commercial Trailer Products segment's net sales grew 2% to $385.96 million on a y-o-y basis compared to $379.34 million in Q4 2016. The segment's gross profit margin decreased 340 basis points to 12.2% for the reported quarter, primarily due to increases in commodity costs and continued labor constraints resulting in higher overtime requirements to meet the current demand. The segment's operating income fell 20% to $40.13 million on a y-o-y basis, or 10.4% of net sales, versus $49.92 million, or $13.2% of net sales, in the year earlier comparable quarter. The segment recorded total new trailers shipments of 15,500 in Q4 2017 versus 14,600 in Q4 2016.

For Q4 2017, Wabash's Diversified Products segment's net sales advanced 7% to $91.77 million on a y-o-y basis, primarily driven by the increased demand for liquid tank trailers and process systems products. The segment's gross profit margins increased 390 basis points to 19.7%, primarily due to increased demand levels and the execution of cost management initiatives. The segment's operating income was $5.53 million, or 6.0% of net sales, for Q4 2017 compared to $1.12 million, or 1.3% of net sales, in Q4 2016. The segment's new trailers shipped totaled 650 for the reported quarter compared to 550 in the year earlier corresponding quarter.

During Q4 2017, Wabash's Final Mile Products segment's net sales totaled $70.46 million. The segment's gross profit and gross profit margin were $8.1 million and 11.6%, respectively, for the reported quarter. Excluding non-recurring acquisition- and integration-related costs, the segment's gross profit and operating margins were 17.6% and 3.9%, respectively, for Q4 2017.

Outlook

In the full year 2018, Wabash is forecasting to ship trailer units in the range of 56,000 to 60,000, along with 22,000 to 24,000 truck body units, for a revenue projection of $2.05 billion to $2.15 billion. The Company is forecasting earnings per diluted share of $1.86 to $2.02.

Stock Performance Snapshot

February 12, 2018 - At Monday's closing bell, Wabash National's stock climbed 1.68%, ending the trading session at $23.62.

Volume traded for the day: 707.61 thousand shares.

Stock performance in the last month ? up 5.07%; previous three-month period ? up 21.56%; past twelve-month period ? up 10.58%; and year-to-date ? up 8.85%

After yesterday's close, Wabash National's market cap was at $1.38 billion.

Price to Earnings (P/E) ratio was at 13.22.

The stock has a dividend yield of 1.27%.

The stock is part of the Consumer Goods sector, categorized under the Trucks & Other Vehicles industry. This sector was up 1.8% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors