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Wabash National Q3 Profit Rises

(RTTNews) - Wabash National Corp. (WNC) reported that its net income for the third quarter 2019 rose to $25.46 million or $0.46 per share, from $4.66 million or $0.08 per share in the third quarter of 2018.

Adjusted earnings per share was $0.46 compared to $0.29 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share. Analysts' estimates typically exclude special items.

Net sales for the third quarter 2019 increased 5 percent to $581 million from $553 million in the prior year quarter, as growth was led by the Company's Final Mile Products and Commercial Trailer Products Segments. Analysts expected revenue of $582.3 million for the quarter.

The company raised the midpoint of our full-year earnings per share outlook to $1.67. The company narrowed the range of its earnings per share outlook to $1.64 to $1.70. Analysts expect annual earnings of $1.67 per share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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