Semi-Trailer Maker Wabash Posts Higher Q3 Revenue And Profits
Semi-trailer manufacturer Wabash National Corp . (NYSE: WNC ) reported higher revenue and 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 … Full story available on Benzinga.com
Semi-Trailer Maker Wabash Posts Higher Q3 Revenue And Profits
Semi-trailer manufacturer Wabash National Corp . (NYSE: WNC ) reported higher revenue and 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 … Full story available on Benzinga.com