Wabash National Corporation (NYSE: WNC) was again named a “50 Best U.S. Manufacturer” by IndustryWeek magazine in its July/August 2016 issue, making the second largest jump of any company on the list from #46 to #24.
This is the fourth time Wabash National has been honored as an IW U.S. 50, having also been recognized on the list in 2006, 2013 and 2015.
“When being compared to the largest and best performing publicly traded manufacturers in the United States, four consecutive record years doesn’t guarantee a spot on IndustryWeek’s ranking,” said Dick Giromini, president and chief executive officer. “We’ve made a significant transformation from primarily a van trailer producer to a diversified industrial manufacturer, which continues to be a key driver of our growth and performance.”
“We’re proud and honored to receive this recognition and I give tremendous credit to our associates for their commitment to safety, innovation and continuous improvement; to our customers for their trust in us as together we strive to drive change in our industry; and to our suppliers for their collaboration and continued pursuit of excellence.”
The IndustryWeek 50 Best U.S. Manufacturers is the magazine’s annual ranking of America’s top-performing public manufacturers. To select the top 50 manufacturing companies, IndustryWeek evaluated members of its IW U.S. 500, a list of the largest U.S. public manufacturers, based on financial performance in six key areas from 2013 to 2015: revenue growth, profit margin, return on assets, return on equity, sales turnover and inventory turnover. Performance for the most recent year was weighted more heavily in the analysis.
“The team’s execution of our strategic plan to grow and diversify has been integral to the company’s continued success,” Giromini added. “We expect to make 2016 our fifth consecutive year of record performance.”