Driven by stronger-than-anticipated customer pickups in all areas of the business in 2014, Wabash National Corporation (NYSE: WNC) recorded consolidated net sales of approximately $1.86 billion, an increase of about 14 percent as compared to the previous year.
New trailer shipments were estimated at over 57,300 units, above its previously provided full-year guidance of 54,500 to 56,000.
The information is preliminary and is subject to change as final results are completed. Wabash is scheduled to release its fourth quarter and full year 2014 results on February 3, after the close of the financial markets.
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.
Dick Giromini, president and chief executive officer, stated, “We are very pleased with the exceptional performance in the fourth quarter as trailer and equipment shipments exceeded our expectations as favorable weather conditions, compared to the prior year period, provided support to these efforts. With an exceptionally strong backlog and continued operating improvements, we were able to deliver our third consecutive record-setting quarter and another all-time record year.”