UP!

WNC $25.82

WNC target price
25.82
0
0
Wabash National
Type
Public
Traded as NYSE: WNC
S&P 600 Component
Industry Transportation
Founded 1985
Headquarters Lafayette, Indiana, United States
Area served
Worldwide (except China, Europe and Oceania)
Key people
Richard J. Giromini, President/CEO
Products Semi-trailers
Revenue 2.03 billion USD (2015)
Number of employees
6,000
Website www.wabashnational.com

Wabash National is an American diversified industrial manufacturing company and North America’s largest producer of semi trailers and liquid transportation systems. The company specializes in the design and production of dry freight vans, refrigerated vans, platform trailers, liquid tank trailers, intermodal equipment, engineered products and composite products. Its products are sold under the following brand names: Wabash National, Transcraft, Benson, DuraPlate, Walker Transport, Walker Defense Group, Walker Barrier Systems, Walker Engineered Products, Brenner Tank, Beall, Garsite, Progress Tank, TST, Bulk Tank International and Extract Technology. The company operates a number of Wabash National Trailer Centers, trailer service centers and retail distributors of new and used trailers and aftermarket parts throughout the United States. The 2015 revenue was 2.03 billion USD.

Wabash National was founded as a start-up in 1985 and has been publicly traded since 1991. The company was co-founded in April 1985 by Jerry Ehrlich, formerly the president of Monon Corp., an Indiana-based trailer manufacturer. Two years earlier, corporate raider Victor Posner had acquired Monon's parent company, Evans Products Co., and had proceeded to sell off its assets to pay debt. As Monon declined, Ehrlich repeatedly offered to buy the company but to no avail. Thus, Ehrlich and two fellow ex-Monon Corp. executives, Ronald J. Klimara and William M. Hoover, started their own company. They were soon joined by 14 other former Monon employees.

Ehrlich and his associates established their company in Lafayette, Indiana, about 30 miles south of Monon Corp. and approximately 65 miles northwest of Indianapolis. In need of manufacturing facilities, Wabash initially leased a 450,000 square-foot abandoned factory then used by local farmers to store corn. The executives' experience and contacts helped Wabash acquire its start-up capital: $2 million in equity from Washington D.C. investors Steven and Mitchell Rales, a $3 million industrial revenue bond, and a $5 million line of credit from a local bank. Wabash's first trailer was reportedly built on two sawhorses and was finished in August 1985. Its first customer was Sears, Roebuck & Co., a former customer of Monon, which ordered ten trailers from Wabash.

With Ehrlich as Wabash's president, and Hoover and Klimara as vice-presidents of sales and finance, respectively, Wabash began to grow rapidly. Its client list soon expanded to include Heartland Express Inc., Schneider National Inc., and Dart Transit Co. In 1986, the company generated sales of $70 million from more than 15,000 trailers. That year the company also purchased a more suitable factory in the same area for about $2.5 million.

Wabash National's product lines include a variety of dry freight vans, refrigerated vans, converter dollies, platform trailers, liquid tank trailers, intermodal equipment, engineered products and composite products. They also make high-quality laminated oak flooring used extensively in dry van trailers, truck bodies, and containers.

Wabash National is headquartered in Lafayette, Indiana, also the site of its main production facility. Additional manufacturing plants are located in Cadiz, Kentucky, Harrison, Arkansas, Kansas City, Kansas, Portland, Oregon, New Lisbon, Wisconsin, Fond du Lac, Wisconsin and San Jose Iturbide, Guanajuato, Mexico. After the investment of a manufacturing facility in Little Falls, Minnesota, Wabash National plans to "expand production operations for molded structural composites (MSC)."

The company operates a network of dealerships in North America called Wabash National Trailer Centers.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-07 Future report Set alerts
Q2 2022 2022-07-27 0.46 0.46
Q1 2022 2022-04-27 0.24 0.24
Q4 2021 2022-02-02 0.07 0.07
Q3 2021 2021-11-09 0.22 0.22
Q2 2021 2021-07-28 0.21 0.21
Q1 2021 2021-04-28 0.06 0.06
Q4 2020 2021-02-03 0.10 0.10
Q3 2020 2020-11-05 0.09 0.07
Q2 2020 2020-07-29 0.00 0.00

Ratings

2016-06-13 Downgrade Stifel Nicolaus Hold to Sell $11.00
2016-03-16 Boost Price Target BMO Capital Markets Market Perform $12.00
2016-02-04 Lower Price Target BMO Capital Markets Market Perform $11.50 to $10.50
2016-01-29 Reiterated Rating FBR & Co. Outperform $16.00
2016-01-29 Reiterated Rating FBR & Co Outperform $16.00
2015-12-08 Downgrade Stifel Nicolaus Buy to Hold $12.00
2015-10-29 Lower Price Target Craig Hallum Hold $12.00
2015-10-09 Lower Price Target Stifel Nicolaus $16.00 to $14.00
2015-09-28 Upgrade Global Hunter Securities Accumulate to Buy
2015-09-28 Upgrade Seaport Global Securities Accumulate to Buy
2015-05-04 Reiterated Rating Craig Hallum Hold $15.00
2015-02-25 Reiterated Rating Stifel Nicolaus Buy $15.00 to $16.00
2015-02-05 Boost Price Target Stifel Nicolaus Buy $14.00 to $15.00
2015-02-05 Downgrade BMO Capital Markets Outperform to Market Perform
2015-01-15 Boost Price Target FBR & Co. Outperform $14.00 to $16.00
2014-11-03 Reiterated Rating Stifel Nicolaus Buy $16.00 to $14.00
2014-10-31 Lower Price Target FBR & Co. Outperform $17.00 to $14.00
2014-10-30 Downgrade Avondale Partners Outperform to Market Perform
2014-10-30 Downgrade Craig Hallum Buy to Hold $16.00 to $10.00
2014-09-05 Boost Price Target Stifel Nicolaus $15.00 to $16.00
2014-05-22 Reiterated Rating FBR & Co. Outperform $16.00 to $17.00
2014-04-30 Upgrade Craig Hallum Hold to Buy $18.00
2014-02-26 Initiated Coverage Morgan Stanley Underweight
2014-01-06 Upgrade FBR Capital Mkt Perform to Outperform $11 to $14
2014-01-06 Upgrade FBR & Co. Market Perform to Outperform $11.00 to $14.00
2013-11-04 Downgrade Stephens Overweight to Equal Weight
2013-11-01 Boost Price Target BMO Capital Markets Outperform $13.00 to $14.00
2013-10-31 Downgrade Craig Hallum Buy to Hold $13.00
2013-10-30 Initiated Coverage Piper Jaffray Overweight $18.00
2013-07-18 Downgrade BB&T Capital Mkts Buy to Hold $12 to $12
2012-09-20 Reiterated FBR Capital Outperform $9 to $12
2010-05-03 Upgrade Avondale Mkt Perform to Mkt Outperform $7 to $13
2010-03-18 Initiated Sterne Agee Buy $14
2016-06-13 Downgrade Stifel Nicolaus Hold to Sell $11.00
2016-03-16 Boost Price Target BMO Capital Markets Market Perform $12.00
2016-02-04 Lower Price Target BMO Capital Markets Market Perform $11.50 to $10.50
2016-01-29 Reiterated Rating FBR & Co. Outperform $16.00
2016-01-29 Reiterated Rating FBR & Co Outperform $16.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
GIROMINI RICHARD J President & CEO 1.32%  (908774) WNC /
Weber Mark Jason SVP - CFO 0.24%  (168694) WNC /
Yeagy Brent L Pres. of Commercial Trailer 0.22%  (149780) WNC /
Taylor Jeffery L Acting CFO and Treasurer 0.17%  (115375) WNC /
Roth Erin Jennifer VP-General Counsel & Secretary 0.14%  (94269) WNC /
Magee Larry J 0.13%  (90793) WNC /
Ehrlich Rodney P Sr.VP/Chief Technology Officer 0.13%  (90767) WNC /
Kelly James Dewey 0.11%  (73381) CAS / WNC /
Pitchford William D SVP of Human Resources 0.10%  (67564) WNC /
Ewald Bruce N Sr. VP - Sales and Marketing 0.09%  (64374) WNC /
JISCHKE MARTIN C 0.09%  (63675) DRE / VVC / WNC /
SORENSEN SCOTT K 0.08%  (55210) WNC /
STEWART RONALD L 0.07%  (50887) WNC /
Kunz John E 0.06%  (43324) TEN / USCR / WNC /
Smith Dustin T SVP and Group President, CTP 0.05%  (34325) WNC /
Pettit Michael N SVP - Group President, FMP 0.05%  (33184) WNC /
Murtlow Ann D. 0.04%  (28916) GXP / INBK / WNC /
Page Kevin J SVP and Group President, DPG 0.02%  (15896) WNC /