Wabash National Corporation Reports Q4 EPS of $.07 vs. $.01
February 08, 2011 5:39 PM
Wabash National Corporation (NYSE: WNC) reported year-over-year and sequential improvement across most financial and operating metrics.
The Company reported net income of $4.9 million and $0.07 per diluted share for the fourth quarter of 2010 on net sales of $242 million. Results for the three months ended December 31, 2010 include a benefit of $2.8 million related to the favorable experience on trailer warranties which expired, or an impact of $0.04 per diluted share. For the same quarter last year, the Company reported net income of $10.9 million, or $0.15 per diluted share, on net sales of $85 million.
Results for the three months ended December 31, 2009 include a non-cash benefit of $20.5 million related to the decrease in the fair value of the Company's warrant which was issued in 2009 to a private investor and fully exercised in the third quarter of 2010, or an impact of $0.68 per diluted share.
