Wabash Net Income Dips 2.9% in 2Q; Revenue Sets Record
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Wabash National Corp. on July 31 reported net income of $30.96 million in the second quarter, down 2.9% from $31.9 million in the same period of 2018. The trailer maker’s earnings per share were 56 cents, up from 54 cents in the same period last year.
Revenue for second-quarter 2019 increased 2%, to a record $626 million from $613 million in the prior-year quarter.
“We delivered revenue of $626 million, which is an all-time record for Wabash National, and we generated our strongest operating margins in two years,” CEO Brent Yeagy said in a statement.
Wabash National, based in Lafayette, Ind., said it will raise the full-year earnings outlook by 5 cents to $1.65 based on its second-quarter performance.
Wabash National is an industrial manufacturer and a producer of semi-trailers, truck bodies and liquid transportation systems.