First Quarter GAAP Earnings Per Share of $(2.01) or non-GAAP Adjusted Earnings Per Share of $(0.04)First Quarter Backlog of $1.0 billion shows relative stabilityStrong liquidity.

Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2020 Wabash National earnings conference call. With me today are Brent Yeagy, president and chief executive officer; and Mike Pettit, chief financial officer.

Orders of new trailers plummeted 55% in March from the same month a year ago as an industry already struggling with tepid orders and excess inventory was hit by the coronavirus pandemic.Wabash National Corp. (NYSE: WNC) said it was suspending production at its plants for two weeks to cope with lower demand. FTR Transportation Intelligence reported that its preliminary count of trailer bookings in March was 6,500, 54% below an already depressed February count. Large orders canceledSome large fleets canceled dry van orders that were spread out over the remainder of the year, FTR said. A pullback in trailer orders was expected this year after more than 650,000 trailers were produced in 2018 and 2019. Trailer orders for the past 12 months total 177,000 units."It is expected there will be some over-capacity in the short-term due to the enormous number of new trailers that entered the market in the last three years," said Don Ake, FTR vice president of commercial vehicles."Some of those trailers will sit idle during this rough economic downturn," he said. "They will go back into service gradually as things recover. However, this will limit new trailer demand for a while."The trailer market is mirroring the Class 8 tractor business; orders totaled 7,400 units in March, off 52% from the same month a year ago.All segments sufferOrders were particularly weak for dry vans and tepid for flatbeds. Refrigerated van orders also fell but less than the other segments. "No doubt, March was a challenging month for the industry and was for Hyundai Translead as well," spokesman Sean Kenney told FreightWaves. "March began similar to other months this year but ended with a lot of the broader ambiguity being echoed by our customer base."FTR expects trailer orders to track around the 10,000-unit mark for a few months."This is a severe wait-and-see situation with a potentially long wait period," Ake said. Production suspensionWabash National, which designs and manufactures dry freight and refrigerated trailers, platform trailers, bulk tank trailers, and dry and refrigerated truck bodies, said its two-week company-wide furlough from April 20 to May 3 would idle all but customer support functions. Wabash had 6,900 employees as of December 31, 2019."We are taking the difficult, but necessary, decisions at all levels of the company to contain costs and preserve the strength of our balance sheet," said Wabash President and CEO Brent Yeagy.Hyundai Translead, among the largest of eight major trailer manufacturers, said it has avoided halting production so far."All Hyundai Translead facilities are running with appropriate safety measures in place," spokesman Kenney said. "Future plans will continue to be dictated by the broader market and employee safety precautions."Great Dane did not respond to a request for comment as to whether it has or is taking any downtime.See more from Benzinga * A Few Big Markets Bounce – FreightWaves NOW * Russian Air Transport Company Gets U.S. Rockets To Launch Site * TravelCenters Lays Off More Than 3,000 As Full-Service Restaurants Idled(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Wabash (WNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

It's been a good week for Wabash National Corporation (NYSE:WNC) shareholders, because the company has just released...

LAFAYETTE, Ind., Feb. 19, 2020 -- Wabash National Corporation (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of.

Wabash National (NYSE: WNC) is pushing the boundaries of thermal capabilities with what it is calling a zero-emissions refrigerated trailer. The unit, produced for customer C&S Wholesale Grocers, is being shown this week at the American Trucking Associations' (ATA) Technology and Maintenance Council (TMC) annual meeting in Atlanta. "We've seen a lot of prototype and concept electric vehicles and trailers over the years, but no one has yet to demonstrate real viability of a roadworthy zero-emissions tractor-trailer for refrigerated hauls due to the location and size of batteries," Robert Lane, Wabash National's vice president of product innovations, said.

Chicago-based supply chain visibility platform FourKites has appointed new leaders to its management team to "fully capitalize on unprecedented demand from shippers, brokers, 3PLs and carriers for the company's market-leading platform," it said.Steve Rotter joins as chief marketing officer; Frank Iannotti steps in as chief revenue officer; Christine Schoeff joins as senior vice president of human resources; and Glenn Koepke takes over as vice president of network enablement."With the world's largest and fastest-growing network of shippers, a rapidly expanding portfolio of innovative solutions and a team that has nearly quadrupled in size over the last two years, FourKites enters 2020 in a position of incredible strength," said CEO Mathew Elenjickal.Rotter has held executive leadership positions with multiple hypergrowth software companies. His past roles include leading marketing for Brightcove and Q-Link. Most recently he was the chief marketing officer at tech unicorn OutSystems.Iannotti has more than 20 years of global sales management. His track record includes building and leading high-performance teams at enterprise giants such as Procore Technologies, NetSuite, Salesforce, SAP and PeopleSoft.Schoeff brings more than 20 years of executive talent leadership experience with such market leaders as Vibes, TicketNow, Millward Brown/Kantar and Prudential.Koepke comes to FourKites with 16 years in the logistics services industry, having led teams in operations, supply chain engineering, operational excellence and solution design to help complex global shippers transform their business into cutting-edge supply chains.Southeastern Freight LinesSoutheastern Freight Lines, a regional less-than-truckload (LTL) transportation services provider based in Lexington, South Carolina, on Monday announced Lawson Saunders has been promoted to service center manager in Fort Worth, Texas.Saunders has more than 12 years of experience at Southeastern, starting his career at the Charlotte, North Carolina, service center as a part-time freight handler. He has served in various leadership positions during his time with the company, including management trainee, inbound and outbound supervisor, inbound and outbound operations manager, and, most recently, service center manager in Sherman, Texas."Lawson is an outstanding leader with a great track record," said Jim Jones, regional vice president of operations for Southeastern Freight Lines. "He is committed to living our culture, providing quality without question service and creating financial strength for our great company."Wabash NationalWabash National Corp. (NYSE: WNC), a producer of engineered solutions for the transportation, logistics and distribution industries headquartered in Lafayette, Indiana, on Monday announced the appointments of Kevin Page and Dustin Smith to senior vice president roles."These new internal appointments are part of our strategic plan for continued growth as we focus on our mission to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile," said Wabash National President and Chief Executive Officer Brent Yeagy. "We are aligning our internal organization under the leadership of Kevin and Dustin in such a way that will leverage our broad portfolio and manufacturing footprint in a more efficient and effective manner to better serve our customers who span the transportation, logistics and distribution industries."Page has been named senior vice president of customer value creation. He had served as senior vice president and group president of the diversified products group and final-mile products since January. Page joined Wabash National in February 2017 as vice president and general manager of final-mile and distributed services. Previously, he was the interim president of Truck Accessories Group LLC. Page also was the president of Universal Trailer Cargo Group.Smith has been named senior vice president of global operations. He had served as senior vice president and group president of commercial trailer products since October 2017. He joined Wabash National in 2007 and has held a number of positions with increasing responsibility. From 2000 to 2007, Smith held various positions at Ford Motor Co. across both the product development and manufacturing divisions.See more from Benzinga * Mexican Tomatoes Face More Scrutiny At The Border Starting April 4 * Commentary: Building A More Efficient Supply Chain * Toyota And Hino Work On Fuel Cell Heavy-Duty Trucks(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Volvo Trucks North America and Mack Trucks is suspending production at their U.S. assembly plants, the first heavy-duty truck manufacturers to idle workers because of the coronavirus pandemic. "Although we have no reason to believe we have any cases of COVID-19 at our Volvo Trucks or Volvo Group powertrain manufacturing facilities, we have decided to temporarily suspend production as part of the effort to slow the spread of the virus in our communities," Volvo Group spokeswoman Mary Beth Halprin told FreightWaves on Friday.Mack and Volvo make all their trucks for sale in the U.S., Canada and Mexico at their respective locations in Lehigh Valley, Pennsylvania and Dublin, Virginia. The two plants employ about 5,000 workers. A powertrain plant in Hagerstown, Maryland that feeds both assembly plants also will shut down from March 23-March 27.Mack began its shutdown on Thursday at the Lower Macungie Township plant, spokesman Christopher Heffner said."During this suspension, we will be exploring new ways of working and possible approaches to production that would allow for increased social distancing in the facility," Halprin said. "The health and safety of our employees and communities will be our primary concern as we work to make the most informed decisions we can during this uncertain time."Check back with FreightWaves as this is a developing story.Special divided droppedAB Volvo (OTC: VLVLY), the Swedish parent company of the Volvo Group siblings, said on March 19 it was pulling a recommendation for a $0.73 per-share special dividend it had proposed for the company's April 8 annual meeting."Many of the Group's operations are, or will be, temporarily closed and it is currently not possible to assess the duration,"  the parent company said in a statement.  "In order to ensure that the Volvo Group can act from a position of strength in the current turbulent environment, the Board considers that it is prudent to maintain the proposal for the ordinary ($0.53 per-share) dividend, but withdraw the proposal for an extra dividend."  Wabash tosses earnings estimateSeparately, trailer maker Wabash National (NYSE: WNC) said Friday it does not expect to meet its first quarter or full year 2020 guidance provided on February 12."Given the rapidly evolving situation, the company is currently unable to quantify the full impact of COVID-19 on its outlook and expects to provide additional information during its first quarter earnings call," Wabash said in a statement.Wabash National designs and manufactures dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, as well as structural composite panels, aerodynamic solutions for trailers and specialty food grade and pharmaceutical equipment.A company spokeswoman told FreightWaves it knows of no coronavirus cases in Wabash plants. She declined to answer whether line rates had been cut or any employees had been laid off."Customer pickups [of finished trailers] have been behind our initial expectations and we anticipate growing supply chain disruption in the coming weeks," said Brent Yeagy, Wabash president and CEO.See more from Benzinga * Today's Pickup: Amazon Warehouse Shuts Down After Worker Tests Positive * Truck Stop/Rest Stop Update: TA Says Diesel Volumes Are "Elevated" * XPO Ends Bid To Break Up The Company(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

LAFAYETTE, Ind., March 23, 2020 -- Wabash National Corporation (NYSE: WNC), a leading producer of engineered solutions for the transportation, logistics and distribution.

Unfortunately for some shareholders, the Wabash National (NYSE:WNC) share price has dived 30% in the last thirty days...

Wabash (WNC) delivered earnings and revenue surprises of 66.67% and 2.40%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

LAFAYETTE, Ind., March 20, 2020 -- Wabash National Corporation (NYSE: WNC) today announced that as a result of the ongoing COVID-19 outbreak, the Company does not expect to.

Q4 2019 Wabash National Corp Earnings Call

Shares of Wabash National (NYSE:WNC) remained unaffected at $7.66 after the company reported Q1 results.Quarterly Results Earnings per share were down 114.81% over the past year to ($0.04), which missed the estimate of ($0.03).Revenue of $387,074,000 declined by 27.40% year over year, which missed the estimate of $418,460,000.Outlook Earnings guidance hasn't been issued by the company for now.Wabash National hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 14, 2020View more earnings on WNCTime: 08:01 PM ETWebcast URL: https://edge.media-server.com/mmc/p/hauza5rsRecent Stock Performance 52-week high: $16.70Company's 52-week low was at $6.26Price action over last quarter: down 39.35%Company Description Wabash National Corp, along with its subsidiaries, is a diversified industrial manufacturer and producer of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It designs, manufactures and market a diverse range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment. The company's operating segment includes Commercial Trailer Products, Diversified Products Group, and Final Mile Products. It derives a majority of the revenue from the Commercial Trailer Products segment.See more from Benzinga * Recap: Aemetis Q1 Earnings * Diana Shipping: Q1 Earnings Insights * Recap: MTBC Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than...

Preliminary net orders for trailers in April fell to just 300 bookings, the lowest level since 1990.The 95% drop in orders from March and 98% decline from April 2019 put orders during the past 12 months at 162,000, according to FTR Transportation Intelligence.The impact of the health crisis on manufacturing and an already slowing market for equipment combined to cause many fleets to effectively close their order books and cancel or push out orders scheduled for 2020 delivery."There are still way too many uncertainties present for fleets to buy new trailers in large numbers," said Don Ake, FTR vice president of commercial vehicles. "They will take the minimum number of trailers needed in the short-run and then increase quantities dependent on the speed and size of the recovery. Downward trendExcept for 2016, trailer shipments have risen every year since 2011. They set a record in 2018 that was broken in 2019 when 328,000 units were shipped and 333,000 units were produced, according to ACT Research.A pullback to an estimated 239,000 units in 2020 was ACT's initial projection, in line with typical replacement demand of 220,000 units. But the COVID-19 pandemic led ACT to reduce its estimate to 146,000 units, a 56% decline from 2019. FTR anticipates new trailer production to be approximately 155,000 new trailers in 2020, down 53% from 2019."Orders should improve soon, but are expected to remain modest for the next few months,"Ake said.Industry consolidationThe pullback raises questions about the financial viability of the industry's weaker players being able to survive the economic downturn.Wabash National (NYSE: WNC), the only publicly traded trailer maker, said it is too soon to predict."I'm not going to speculate on acquisition roll-up or consolidation activity; that's too early to talk about," Wabash National CEO Brent Yeagy said in response to an analyst question on the company's first-quarter earnings call on May 14.Specialty equipment builders could be impacted, said Mike Baudendistel, a FreightWaves market expert."We could see consolidation among some of the smaller trailer manufacturers within the industry's top 25," he said. "Equipment for industrial activity, such as flatbed trailers or trailers for logging, are likely to be disproportionately hurt by a lack of new construction activity."  April shutdownsFTR said the dry van segment was hit particularly hard, with refrigerated van orders somewhat less impacted in April. Vocational orders, which fell significantly in March, remained tepid in April.Numerous manufacturers shut down for part of April, including Wabash National for two weeks. It plans another furlough from June 29-July 3, according to its 10-Q filing with the U.S. Securities and Exchange Commission."Fleets remain in a severe wait-and-see posture until they can evaluate the damage done to the freight markets from the pandemic," Ake said. "Since the recovery from the economic crisis is highly dependent on the status of the health crisis, there is a huge amount of uncertainty in the trailer market."In its quarterly Trailer Components Report, ACT said the production pullback puts pressure on component and material supply chains to cope with orders being pulled ahead to support near-term production before line rates are reduced, resulting in layoffs. See more from Benzinga * NFI "Trader Joe's" classification suit headed toward mediation…again * HMM Lessens First-Quarter Loss * Waiākea's supply chain unlocks sustainable growth(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Q1 2020 Wabash National Corp Earnings Call

The company's stock price has gotten crushed, down some 70% from its high two years ago and down 50% over the last few months Continue reading...

Wabash National Corporation (WNC) today issued an update on its liquidity position, cost containment measures and announced the date for its first quarter 2020 earnings conference call. As of March 31, 2020, the company’s total liquidity was $277 million with cash and cash equivalents of $155 million and $122 million of available borrowings under its existing revolving credit facility. As a result of uncertainty caused by COVID-19, the company drew $45 million under its existing revolving credit facility in March 2020.