WNC FY 2007 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2007 Earnings

Reported February 19, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.3B	—	-16.0%
Op. Income	$26M	—	$23M	—	15.6%
Gross Margin	8.3%	—	8.0%	—	0.4pp
Net Margin	1.5%	—	0.7%	—	0.8pp
EPS (Diluted)	$0.52	—	$0.30	—	73.3%
Free Cash Flow	$53M	—	$39M	—	35.5%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$92M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$65M
Other Expenses	$0
Operating Expenses	$65M
Cost & Expenses	$1.1B
OPERATING INCOME	$26M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$25M
Income Tax Expense	$8M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$19M
EBIT	$30M
EBITDA	$42M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$92M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$65M
Other Expenses	$0
Operating Expenses	$65M
Cost & Expenses	$1.1B
OPERATING INCOME	$26M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$25M
Income Tax Expense	$8M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$19M
EBIT	$30M
EBITDA	$42M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$19M
Stock-Based Compensation	-$33.0K
Deferred Income Tax	$8M
Other Non-Cash Items	$606.0K
Change in Working Capital	$15M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$7M
Acquisitions (Net)	-$5M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$147.0K
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$6M
Other Financing Activities	$107.0K
NET CASH FROM FINANCING	-$37M
FREE CASH FLOW	$53M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$0
Net Receivables	$69M
Inventory	$113M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$242M
PP&E (Net)	$122M
Goodwill	$66M
Intangible Assets	$32M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$242M
TOTAL ASSETS	$484M
Account Payables	$41M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$95M
Long-Term Debt	$105M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$109M
TOTAL LIABILITIES	$204M
Common Stock	$321.0K
Additional Paid-In Capital	$347M
Retained Earnings	-$42M
Treasury Stock	-$25M
Accum. Other Comp. Income	-$140M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$280M
Minority Interest	$0
TOTAL EQUITY	$280M
TOTAL LIABILITIES & EQUITY	$484M
Total Debt	$105M
Net Debt	$63M