Trailer Maker Wabash National Reports Fourth-Quarter Loss
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Trailer maker Wabash National Corp. reported a fourth-quarter loss of $5 million or 16 cents a share, compared with earning $20 million or 55 cents a year earlier.
”The weak freight environment in the latter part of 2006 has fleets approaching trailer purchases cautiously and we expect a slow start for 2007,” Chief Executive Officer Dick Giromini said in a statement.Net sales for the quarter rose to $354.2 million from $340.8 million for the previous fourth quarter.For the year, Wabash earned $9 million or 30 cents a share, down from $111 million or $3.06 in 2005. Net sales rose to $1.3 billion from $1.2 billion.
Trailer maker Wabash National Corp. reported a fourth-quarter loss of $5 million or 16 cents a share, compared with earning $20 million or 55 cents a year earlier.
”The weak freight environment in the latter part of 2006 has fleets approaching trailer purchases cautiously and we expect a slow start for 2007,” Chief Executive Officer Dick Giromini said in a statement.Net sales for the quarter rose to $354.2 million from $340.8 million for the previous fourth quarter.For the year, Wabash earned $9 million or 30 cents a share, down from $111 million or $3.06 in 2005. Net sales rose to $1.3 billion from $1.2 billion.
