Wabash National Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year 2017
For the year, the company reported net sales of $1,845,444,000 against $2,027,489,000 a year ago. Income from operations was $202,532,000 against $180,369,000 a year ago. Income before income taxes was $185,417,000 against $163,311,000 a year ago. Net income applicable to common stockholders was $119,433,000 or $1.82 per diluted share against $104,289,000 or $1.50 per diluted share a year ago. Net cash provided by operating activities was $178,750,000 against $131,795,000 a year ago. Capital expenditures were $20,342,000 against $20,847,000 a year ago. Operating EBITDA was $253,002,000 against $229,463,000 a year ago. Adjusted Earnings were $121,538,000 or $1.85 per diluted share against $103,392,000 or $1.49 per diluted share a year ago.
For the full year 2017, the company's earnings guidance is 51,000 to 55,000 units and $1.40 to $1.55 per diluted share.