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            [post_content] => Semi-trailer manufacturer Wabash National Corp. (NYSE: WNC) reported record revenue and higher profits in the third quarter led by growth in its final mile and commercial trailer segments.

Net sales for the third quarter 2019 increased 5% to $581 million from $553 million in the prior year quarter. Net income for the third quarter 2019 was $25.5 million, or $0.46 per diluted share, compared with $4.7 million or $0.08 in the third quarter of 2018.

Operating income of $38.3 million equated to a 6.6% consolidated operating margin compared with 5.2% in the July-September period a year ago.

“Q3 is a significant milestone of the process improvements we’ve implemented over the last year that has allowed us to stabilize challenges in the manufacturing environment and excel operationally,” said Brent Yeagy, Wabash president and CEO.

Wabash successfully pursued changes in its supply chain, handled incoming information from chassis makers and found ways to use its existing capacity to grow its final mile business, Yeagy said.

“In any environment, 140 basis points of overall operating margin improvement is a significant accomplishment. Similarly, 580 basis points of margin expansion in Final Mile Products shows considerable underlying improvements,” he said.

Wabash raised its full-year guidance to $1.67 per share, the midpoint of a narrower range of $1.64 to $1.70. It repurchased $9 million worth of outstanding shares, leaving $80 million in the current authorization for additional buybacks.

Read more: Semi-trailer maker Wabash National posts record Q3 revenue and higher profits
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                    [post_content] => Semi-trailer manufacturer Wabash National Corp. (NYSE: WNC) reported record revenue and higher profits in the third quarter led by growth in its final mile and commercial trailer segments.

Net sales for the third quarter 2019 increased 5% to $581 million from $553 million in the prior year quarter. Net income for the third quarter 2019 was $25.5 million, or $0.46 per diluted share, compared with $4.7 million or $0.08 in the third quarter of 2018.

Operating income of $38.3 million equated to a 6.6% consolidated operating margin compared with 5.2% in the July-September period a year ago.

“Q3 is a significant milestone of the process improvements we’ve implemented over the last year that has allowed us to stabilize challenges in the manufacturing environment and excel operationally,” said Brent Yeagy, Wabash president and CEO.

Wabash successfully pursued changes in its supply chain, handled incoming information from chassis makers and found ways to use its existing capacity to grow its final mile business, Yeagy said.

“In any environment, 140 basis points of overall operating margin improvement is a significant accomplishment. Similarly, 580 basis points of margin expansion in Final Mile Products shows considerable underlying improvements,” he said.

Wabash raised its full-year guidance to $1.67 per share, the midpoint of a narrower range of $1.64 to $1.70. It repurchased $9 million worth of outstanding shares, leaving $80 million in the current authorization for additional buybacks.

Read more: Semi-trailer maker Wabash National posts record Q3 revenue and higher profits
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            [post_content] => Semi-trailer manufacturer Wabash National Corp. (NYSE: WNC) reported record revenue and higher profits in the third quarter led by growth in its final mile and commercial trailer segments.

Net sales for the third quarter 2019 increased 5% to $581 million from $553 million in the prior year quarter. Net income for the third quarter 2019 was $25.5 million, or $0.46 per diluted share, compared with $4.7 million or $0.08 in the third quarter of 2018.

Operating income of $38.3 million equated to a 6.6% consolidated operating margin compared with 5.2% in the July-September period a year ago.

“Q3 is a significant milestone of the process improvements we’ve implemented over the last year that has allowed us to stabilize challenges in the manufacturing environment and excel operationally,” said Brent Yeagy, Wabash president and CEO.

Wabash successfully pursued changes in its supply chain, handled incoming information from chassis makers and found ways to use its existing capacity to grow its final mile business, Yeagy said.

“In any environment, 140 basis points of overall operating margin improvement is a significant accomplishment. Similarly, 580 basis points of margin expansion in Final Mile Products shows considerable underlying improvements,” he said.

Wabash raised its full-year guidance to $1.67 per share, the midpoint of a narrower range of $1.64 to $1.70. It repurchased $9 million worth of outstanding shares, leaving $80 million in the current authorization for additional buybacks.

Read more: Semi-trailer maker Wabash National posts record Q3 revenue and higher profits
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Semi-trailer maker Wabash National posts record Q3 revenue and higher profits

Semi-trailer manufacturer Wabash National Corp. (NYSE: WNC) reported record revenue and higher profits in the third quarter led by growth in its final mile and commercial trailer segments.

Net sales for the third quarter 2019 increased 5% to $581 million from $553 million in the prior year quarter. Net income for the third quarter 2019 was $25.5 million, or $0.46 per diluted share, compared with $4.7 million or $0.08 in the third quarter of 2018.

Operating income of $38.3 million equated to a 6.6% consolidated operating margin compared with 5.2% in the July-September period a year ago.

“Q3 is a significant milestone of the process improvements we’ve implemented over the last year that has allowed us to stabilize challenges in the manufacturing environment and excel operationally,” said Brent Yeagy, Wabash president and CEO.

Wabash successfully pursued changes in its supply chain, handled incoming information from chassis makers and found ways to use its existing capacity to grow its final mile business, Yeagy said.

“In any environment, 140 basis points of overall operating margin improvement is a significant accomplishment. Similarly, 580 basis points of margin expansion in Final Mile Products shows considerable underlying improvements,” he said.

Wabash raised its full-year guidance to $1.67 per share, the midpoint of a narrower range of $1.64 to $1.70. It repurchased $9 million worth of outstanding shares, leaving $80 million in the current authorization for additional buybacks.

Read more: Semi-trailer maker Wabash National posts record Q3 revenue and higher profits

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