Wabash National Corp - Understand $wnc stock

$WNC Market Cap: $871.5 Million

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Financial Snapshot

Revenue

$2.126B

TTM

Gross Margin

15.34%

TTM

Net Earnings

-$232.7M

TTM

Current Assets

$639.5M

Q3 2024

Current Liabilities

$339.3M

Q3 2024

Current Ratio

188.48%

Q3 2024

Total Assets

$1.455B

Q3 2024

Total Liabilities

$1.254B

Q3 2024

Book Value

$201.2M

Q3 2024

Cash

$81.84M

Q3 2024

P/E

-3.746

Nov 29, 2024 EST

Free Cash Flow

$84.41M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.537B	$2.502B	$1.803B	$1.482B	$2.319B	$2.267B	$1.767B	$1.845B	$2.027B	$1.863B	$1.636B	$1.462B	$1.187B
YoY Change	1.37%	38.76%	21.69%	-36.1%	2.29%	28.3%	-4.24%	-8.98%	8.81%	13.92%	11.89%	23.13%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.537B	$2.502B	$1.803B	$1.482B	$2.319B	$2.267B	$1.767B	$1.845B	$2.027B	$1.863B	$1.636B	$1.462B	$1.187B
Cost Of Revenue	$2.038B	$2.179B	$1.607B	$1.322B	$2.013B	$1.984B	$1.506B	$1.520B	$1.724B	$1.631B	$1.421B	$1.298B	$1.121B
Gross Profit	$498.2M	$322.7M	$196.5M	$159.8M	$306.4M	$283.7M	$260.9M	$325.5M	$303.4M	$232.6M	$215.1M	$163.8M	$66.72M
Gross Profit Margin	19.64%	12.9%	10.9%	10.78%	13.21%	12.51%	14.76%	17.64%	14.97%	12.48%	13.15%	11.21%	5.62%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$173.2M	$140.2M	$112.5M	$117.8M	$143.1M	$128.2M	$103.4M	$101.4M	$100.7M	$88.37M	$89.26M	$68.34M	$43.98M
YoY Change	23.57%	24.58%	-4.52%	-17.68%	11.68%	23.93%	1.99%	0.67%	13.98%	-1.0%	30.62%	55.41%
% of Gross Profit	34.76%	43.43%	57.26%	73.75%	46.71%	45.18%	39.64%	31.15%	33.2%	37.99%	41.49%	41.72%	65.91%
Research & Development	$7.500M	$5.300M	$13.60M	$21.90M	$19.50M	$8.800M	$3.900M	$6.400M	$4.800M	$1.700M	$2.500M	$1.700M	$1.000M
YoY Change	41.51%	-61.03%	-37.9%	12.31%	121.59%	125.64%	-39.06%	33.33%	182.35%	-32.0%	47.06%	70.0%
% of Gross Profit	1.51%	1.64%	6.92%	13.71%	6.36%	3.1%	1.49%	1.97%	1.58%	0.73%	1.16%	1.04%	1.5%
Depreciation & Amortization	$45.32M	$31.76M	$25.98M	$25.99M	$21.89M	$21.22M	$18.01M	$16.83M	$16.74M	$16.95M	$16.55M	$14.98M	$12.64M
YoY Change	42.7%	22.22%	-0.02%	18.75%	3.16%	17.78%	7.02%	0.54%	-1.25%	2.42%	10.52%	18.51%
% of Gross Profit	9.1%	9.84%	13.23%	16.27%	7.14%	7.48%	6.9%	5.17%	5.52%	7.29%	7.69%	9.14%	18.94%
Operating Expenses	$186.0M	$145.5M	$126.1M	$139.7M	$162.6M	$137.0M	$107.3M	$107.8M	$105.5M	$90.07M	$91.76M	$70.04M	$44.98M
YoY Change	27.88%	15.35%	-9.75%	-14.08%	18.74%	27.63%	-0.45%	2.15%	17.16%	-1.84%	31.02%	55.73%
Operating Profit	$312.2M	$166.6M	$33.54M	-$85.61M	$142.8M	$111.0M	$130.8M	$202.5M	$180.4M	$122.4M	$103.2M	$70.48M	$19.79M
YoY Change	87.34%	396.82%	-139.18%	-159.96%	28.65%	-15.16%	-35.41%	12.29%	47.38%	18.6%	46.4%	256.16%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	-$20.66M	$20.53M	$23.13M	$24.19M	$27.34M	$28.76M	$16.40M	$15.66M	$19.55M	$22.17M	$26.31M	$21.72M	$4.136M
YoY Change	-200.64%	-11.25%	-4.41%	-11.51%	-4.93%	75.36%	4.71%	-19.87%	-11.81%	-15.75%	21.1%	425.24%
% of Operating Profit	-6.62%	12.32%	68.95%		19.15%	25.91%	12.54%	7.73%	10.84%	18.11%	25.49%	30.82%	20.9%
Other Income/Expense, Net	$3.393M	-$20.21M	-$32.25M	-$23.61M	-$25.06M	-$14.98M	-$8.278M	-$17.12M	$2.490M	-$1.759M	$740.0K	-$97.00K	$227.0K
YoY Change	-116.79%	-37.35%	36.63%	-5.78%	67.22%	81.0%	-51.63%	-787.35%	-241.56%	-337.7%	-862.89%	-142.73%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$294.7M	$146.4M	$1.290M	-$109.2M	$117.7M	$94.98M	$121.9M	$185.0M	$163.3M	$98.25M	$77.47M	$48.53M	$15.21M
YoY Change	101.24%	11251.55%	-101.18%	-192.77%	23.96%	-22.08%	-34.12%	13.3%	66.24%	26.83%	59.61%	219.02%
Income Tax	$62.83M	$33.67M	$126.0K	-$11.80M	$28.16M	$26.58M	$11.12M	$65.98M	$59.02M	$37.53M	$31.09M	-$56.97M	$171.0K
% Of Pretax Income	21.32%	22.99%	9.77%		23.92%	27.99%	9.12%	35.66%	36.14%	38.2%	40.14%	-117.38%	1.12%
Net Earnings	$231.3M	$112.3M	$1.164M	-$97.41M	$89.58M	$69.42M	$111.4M	$119.4M	$104.3M	$60.93M	$46.53M	$105.6M	$15.04M
YoY Change	106.0%	9544.16%	-101.19%	-208.75%	29.03%	-37.7%	-6.71%	14.52%	71.16%	30.95%	-55.95%	602.24%
Net Earnings / Revenue	9.12%	4.49%	0.06%	-6.57%	3.86%	3.06%	6.31%	6.47%	5.14%	3.27%	2.84%	7.23%	1.27%
Basic Earnings Per Share	$4.92	$2.31	$0.02	-$1.84	$1.64	$1.22	$1.88	$1.87	$1.55	$0.88	$0.67	$1.53	$0.22
Diluted Earnings Per Share	$4.82	$2.25	$0.02	-$1.84	$1.62	$1.19	$1.78	$1.80	$1.50	$0.85	$0.67	$1.53	$0.22

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$179.3M	$58.25M	$71.78M	$217.7M	$140.5M	$132.7M	$191.5M	$163.5M
YoY Change	207.79%	-18.85%	-67.03%	54.91%	5.9%	-30.72%	17.16%
Cash & Equivalents	$179.3M	$58.25M	$71.78M	$217.7M	$140.5M	$132.7M	$191.5M	$163.5M
Short-Term Investments
Other Short-Term Assets	$51.46M	$32.57M	$33.41M	$44.96M	$32.52M	$41.39M	$46.48M	$24.35M
YoY Change	57.99%	-2.51%	-25.7%	38.26%	-21.43%	-10.95%	90.87%
Inventory	$267.6M	$243.9M	$237.6M	$163.8M	$186.9M	$184.4M	$180.7M	$140.0M
Prepaid Expenses
Receivables	$183.0M	$255.6M	$176.5M	$101.3M	$172.7M	$181.1M	$146.8M	$153.6M
Other Receivables	$0.00	$2.358M	$10.39M	$18.07M	$8.701M	$9.872M	$10.82M	$0.00
Total Short-Term Assets	$681.4M	$592.6M	$529.7M	$545.8M	$541.4M	$549.4M	$576.4M	$481.4M
YoY Change	14.97%	11.88%	-2.94%	0.81%	-1.46%	-4.68%	19.73%
Property, Plant & Equipment	$325.4M	$294.1M	$243.8M	$220.5M	$235.6M	$207.0M	$195.4M	$134.1M
YoY Change	10.65%	20.64%	10.56%	-6.4%	13.82%	5.95%	45.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.647M
YoY Change
Other Assets	$79.54M	$29.12M	$30.68M	$28.74M	$26.69M	$26.57M	$25.27M	$40.42M
YoY Change	173.16%	-5.08%	6.74%	7.7%	0.43%	5.17%	-37.49%
Total Long-Term Assets	$681.5M	$610.9M	$577.4M	$615.7M	$763.2M	$755.0M	$775.1M	$417.3M
YoY Change	11.55%	5.81%	-6.23%	-19.33%	1.09%	-2.6%	85.73%
Total Assets	$1.363B	$1.204B	$1.107B	$1.161B	$1.305B	$1.304B	$1.352B	$898.7M
YoY Change
Accounts Payable	$156.6M	$189.1M	$174.0M	$104.4M	$134.8M	$153.1M	$108.4M	$71.34M
YoY Change	-17.2%	8.73%	66.58%	-22.55%	-11.95%	41.19%	52.02%
Accrued Expenses	$195.6M	$99.75M	$84.12M	$88.03M	$91.35M	$84.10M	$93.63M	$66.61M
YoY Change	96.09%	18.58%	-4.44%	-3.63%	8.61%	-10.17%	40.56%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$0.00	$59.00K	$348.0K	$327.0K	$2.179M	$46.31M	$2.962M
YoY Change		-100.0%	-83.05%	6.42%	-84.99%	-95.29%	1463.47%
Total Short-Term Liabilities	$352.2M	$347.5M	$289.3M	$235.8M	$259.4M	$271.7M	$283.7M	$166.6M
YoY Change	1.36%	20.1%	22.72%	-9.11%	-4.53%	-4.23%	70.25%
Long-Term Debt	$396.5M	$395.8M	$428.3M	$448.0M	$455.8M	$503.7M	$505.1M	$234.9M
YoY Change	0.16%	-7.59%	-4.4%	-1.7%	-9.52%	-0.27%	115.05%
Other Long-Term Liabilities	$47.03M	$34.35M	$27.87M	$26.05M	$30.89M	$20.23M	$19.72M	$24.36M
YoY Change	36.89%	23.25%	6.99%	-15.65%	52.66%	2.57%	-19.01%
Total Long-Term Liabilities	$443.5M	$430.2M	$456.2M	$474.1M	$486.6M	$524.0M	$524.8M	$259.2M
YoY Change	3.1%	-5.7%	-3.77%	-2.59%	-7.12%	-0.16%	102.46%
Total Liabilities	$813.3M	$805.9M	$781.5M	$756.6M	$783.6M	$830.5M	$845.5M	$426.3M
YoY Change	0.92%	3.12%	3.3%	-3.45%	-5.65%	-1.76%	98.3%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	47.01M shares	48.63M shares	50.68M shares	52.95M shares	54.70M shares	57.00M shares	59.36M shares	63.73M shares	67.20M shares	68.90M shares	68.46K shares	68.33K shares	68.09K shares
Diluted Shares Outstanding	48.03M shares	49.88M shares	51.61M shares	52.95M shares	55.29M shares	58.43M shares	62.60M shares	65.76M shares	69.37M shares	71.06M shares	69.08K shares	68.56K shares	68.42K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $871.51 Million

About WABASH NATIONAL Corp

Wabash National Corp. engages in the design, manufacture, and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company is headquartered in Lafayette, Indiana and currently employs 6,700 full-time employees. The firm designs and manufactures products including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, transportation, logistics, and distribution industry parts and services, and specialty food grade processing equipment. The Company’s Transportation Solutions (TS) segment comprises the design and manufacturing operations for the Company’s transportation-related equipment and products. This includes dry and refrigerated van trailers, platform trailers, tank trailers and truck-mounted tanks, truck-mounted dry and refrigerated truck bodies and EcoNex technology products. Its Parts & Services (P&S) segment is comprised of the Company’s parts and services businesses as well as the upfitting component of truck bodies business. The company also includes DuraPlate composite panels.

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