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Wabash National reports strong demand for trailers

photo provided by Wabash National Corporation

LAFAYETTE, Ind. (Inside INdiana Business) — Lafayette-based Wabash National Corp. (NYSE: WNC) says demand for its trailers has reached an all-time high. The manufacturer says it has a $1.9 billion backlog of orders, an increase of 87% compared to September 2020.

The company is reporting third quarter net income of $11 million, compared to $3.8 million during the same period a year ago.

“Wabash continues to execute well in the midst of an uneven business and manufacturing environment,” said Brent Yeagy, president and chief executive officer. “Generating earnings per share exceeding our prior outlook speaks to our employees’ agile performance and this management team’s ability to provide credible guidance. We continue to monitor changes in the supply chain and offer our best look at future financial performance.”

Wabash says net sales for Q3 was $483 million, an increase of 37% versus the third quarter of 2020. The company shipped 12,455 trailers during the quarter, compared to 8,485 the prior year.

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