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Wabash National Corp Reported Its Fourth-Quarter Net Income Dropped,But Revenue Increased.

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Core Tip: Wabash National Corp.reported its fourth-quarter net income dropped,but revenue increased. Fourth-quarter net income dropped to$10.4 million,or 15 cents per share

Wabash 4q Net Income Drops

Wabash National Corp.reported its fourth-quarter net income dropped,but revenue increased.

Fourth-quarter net income dropped to$10.4 million,or 15 cents per share,from$80.2 million,or$1.16 per share,a year ago,the company reported Feb.5.Revenue increased to$458 million from$416 million in the same period last year.

Net sales of Wabash's commercial-trailer products increased 25.5%to$324 million.Trailer operating income rose about$1.5 million to$14.3 million on increased volume.

Wabash shipped about 13,500 new trailers in the quarter,3,300 more than the prior year.

Full-year net income dropped to$46.6 million,or 67 cents per share,from$105.6 million,or$1.53,per share a year prior.Net sales increased to$1.64 billion from$1.46 billion in 2012.

 

 
 
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