Wabash National Raises FY14 Outlook - Quick Facts

(RTTNews) - Wabash National Corp. (WNC) updated and raised the guidance previously provided on its full year expectations for 2014. Full year new trailer shipments exceeded 57,300 units, above our previously provided full year guidance of 54,500 to 56,000 new trailers, driven by stronger than anticipated customer pick-ups in all areas of the business.

As a result, consolidated net sales for the full year 2014 are estimated to be approximately $1.86 billion, an increase of approximately 14 percent as compared to the previous year. Full year GAAP earnings are now anticipated to be in the range of $0.83 to $0.85 per diluted share as Wabash benefited from the higher volumes and improved operational performance. Analysts polled by Thomson Reuters expect the company to report earnings of $0.80 per share and revenues of $1.81 billion for fiscal 2014. Analysts' estimates typically exclude special items.

Wabash is scheduled to release its fourth quarter and full year 2014 results, which will include additional information on operating performance and financial condition, on Tuesday, February 3, 2015, after the close of the financial markets.