Wabash national corporation (WNC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

387,074

579,001

580,908

626,053

533,174

610,196

553,073

612,690

491,319

543,444

425,098

435,903

362,716

462,058

464,272

471,438

447,676

543,711

531,350

514,831

437,597

527,477

491,697

486,021

358,120

458,354

439,977

413,126

324,229

415,847

405,917

362,408

277,682

341,732

336,433

287,095

221,984

170,848

149,699

Cost of sales

350,331

506,694

503,173

538,403

464,484

541,141

487,911

527,375

427,200

470,567

364,134

368,225

303,360

390,573

380,813

380,374

368,150

455,892

445,328

442,426

380,400

464,756

430,069

424,408

311,448

405,767

378,480

354,273

282,043

361,508

355,843

322,727

257,953

321,073

323,113

270,855

205,483

164,381

144,398

Gross profit

36,743

72,307

77,735

87,650

68,690

69,055

65,162

85,315

64,119

72,877

60,964

67,678

59,356

71,485

83,459

91,064

79,526

87,819

86,022

72,405

57,197

62,721

61,628

61,613

46,672

52,587

61,497

58,853

42,186

54,339

50,074

39,681

19,729

20,659

13,320

16,240

16,501

6,467

5,301

General and administrative expenses

26,192

26,272

25,353

26,509

30,140

21,194

23,033

25,778

25,109

24,314

16,075

19,018

18,418

19,036

17,206

18,495

19,392

19,737

17,855

17,852

18,051

16,804

14,957

15,461

14,472

15,458

14,559

14,974

13,675

13,882

12,548

9,953

8,368

6,367

7,157

7,957

9,513

8,019

8,515

Selling expenses

7,998

9,136

8,998

8,494

8,223

7,455

8,690

8,556

8,345

8,021

5,497

5,897

6,173

6,849

6,415

7,045

6,961

7,018

6,462

7,184

6,569

6,315

6,271

6,826

7,264

7,568

7,628

7,734

7,667

7,477

7,134

5,482

3,496

3,681

3,155

3,166

2,979

2,654

2,501

Amortization of intangible assets

5,495

5,147

5,115

5,109

5,129

4,682

4,937

4,940

4,941

4,307

4,097

4,095

4,501

4,980

4,983

4,989

4,988

5,314

5,316

5,315

5,314

5,465

5,471

5,471

5,471

5,508

5,454

5,454

5,370

3,414

2,984

3,454

738

-

738

-

-

-

-

Acquisition expenses

-

-

0

0

-

0

0

0

68

901

8,704

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

26

239

618

335

172

12,224

1,678

-

-

-

-

-

-

Impairment

107,114

-

0

-

0

-

11,989

-

-

-

0

-

-

-

0

1,663

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income from operations

-110,056

31,781

38,269

47,538

25,198

22,777

16,513

46,041

25,656

35,293

26,591

38,668

30,264

40,620

54,855

58,872

48,185

54,663

56,389

42,054

27,263

34,137

34,929

33,855

19,465

24,053

33,830

30,452

14,856

29,231

27,236

8,568

5,449

8,394

2,270

5,117

4,009

-4,206

-5,715

Other income (expense):
Interest expense

6,272

6,517

6,713

7,020

7,090

7,110

7,044

7,151

7,454

7,335

3,187

2,888

2,990

3,725

3,906

3,937

4,095

4,789

4,784

4,802

5,173

5,261

5,454

5,733

5,717

5,944

6,252

6,577

7,535

7,790

7,760

5,441

733

955

1,108

1,147

926

1,023

998

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

-

-

-

-

-668

-

-

-

Increase in fair value of warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,265

1,913

Other, net

120

40

1,333

1,081

-169

1,290

533

4,037

7,916

193

6,271

325

1,333

-1,677

830

-207

-398

-10

-187

8,069

-5,382

-133

-610

-1,048

32

-560

-605

-333

2,238

-248

211

-56

-4

36

24

11

156

38

-802

Other expense, net

-6,152

-6,477

-5,380

-5,939

-7,259

-5,820

-6,511

-3,114

462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income tax (benefit) expense

-116,208

25,304

32,889

41,599

17,939

16,957

10,002

42,927

26,118

28,151

29,675

36,105

28,607

35,218

51,779

54,728

43,692

49,864

51,418

45,321

16,708

28,743

28,865

27,074

13,780

17,549

26,973

23,542

9,559

21,193

19,687

3,071

4,712

7,475

1,186

3,313

3,239

-1,926

-5,602

Income tax (benefit) expense

-9,600

6,956

7,400

10,600

3,200

5,483

5,300

11,000

4,800

-21,206

10,728

13,160

8,434

12,218

18,401

19,197

16,168

16,578

19,538

16,672

6,234

9,655

10,558

10,835

6,484

7,126

10,737

9,407

3,824

-58,991

1,246

1,129

-352

24

94

11

42

12

-

Net (loss) income

-106,647

18,375

25,460

30,960

14,780

11,583

4,664

31,902

21,272

49,357

18,947

22,945

20,173

23,000

33,378

35,531

27,524

33,286

31,880

28,649

10,474

19,088

18,307

16,239

7,296

10,423

16,236

14,135

5,735

80,184

18,441

1,942

5,064

7,451

1,092

3,302

3,197

-1,938

-5,602

PREFERRED STOCK DIVIDENDS AND EARLY EXTINGUISHMENT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,455

NET INCOME (LOSS) APPLICABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,938

-29,057

Basic (in usd per share)

-2.01

0.34

0.47

0.56

0.27

0.22

0.08

0.55

0.37

0.84

0.32

0.38

0.34

0.38

0.52

0.55

0.42

0.50

0.48

0.42

0.15

0.28

0.26

0.23

0.11

0.15

0.24

0.20

0.08

1.16

0.27

0.03

0.07

-

-

-

-

-

-

Diluted (in usd per share)

-2.01

0.33

0.46

0.56

0.27

0.22

0.08

0.54

0.35

0.80

0.30

0.36

0.32

0.34

0.51

0.53

0.42

0.47

0.47

0.41

0.15

0.27

0.25

0.23

0.10

0.16

0.23

0.20

0.08

-

0.27

-

-

-

-

-

-

-

-

Weighted average common shares outstanding (in thousands):
Weighted average common shares outstanding (in thousands):
Basic (in shares)

53,156

53,902

54,413

55,197

55,268

55,514

56,798

57,879

57,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

53,156

54,703

55,019

55,668

55,770

55,854

57,742

59,274

60,850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared per share (in usd per share)

0.08

0.08

0.08

0.08

0.08

0.08

0.07

0.07

0.07

0.07

0.06

0.06

0.06

0.06

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

BASIC AND DILUTED NET INCOME PER SHARE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

0.02

0.05

0.05

-0.03

-0.72

NET COMPREHENSIVE INCOME

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,092

3,302

3,197

-1,938

-5,602