Wabash net sales, income climb in 1Q

Wabash National Corp announced results for the three months ended March 31, 2005. Net sales for the first quarter were $256.1 million compared with $221.6 million for the same period a year ago. Net income for the quarter was $18.5 million versus $6.9 million for the same period in 2004. Gross margin was 13.4%, up from 10.4% in the prior year quarter.

New trailer unit sales of 11,200 for the first quarter of 2005 are comparable to the first quarter of 2004. Backlog at March 31, 2005, amounted to about $500 million.

TAGS: Trailers
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