WNC FY 2018 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.3B	—	$1.8B	—	28.3%
Op. Income	$111M	—	$131M	—	-15.2%
Gross Margin	12.5%	—	14.8%	—	-2.3pp
Net Margin	3.1%	—	6.3%	—	-3.2pp
EPS (Diluted)	$1.19	—	$1.78	—	-33.1%
Free Cash Flow	$78M	—	$118M	—	-33.7%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$284M
R&D Expenses	$9M
Selling & Marketing	$33M
General & Administrative	$95M
SG&A Expenses	$128M
Other Expenses	$14M
Operating Expenses	$148M
Cost & Expenses	$2.1B
OPERATING INCOME	$111M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$96M
Income Tax Expense	$27M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$41M
EBIT	$125M
EBITDA	$165M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$284M
R&D Expenses	$9M
Selling & Marketing	$33M
General & Administrative	$95M
SG&A Expenses	$128M
Other Expenses	$14M
Operating Expenses	$148M
Cost & Expenses	$2.1B
OPERATING INCOME	$111M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$96M
Income Tax Expense	$27M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$41M
EBIT	$125M
EBITDA	$165M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$69M
Depreciation & Amortization	$41M
Stock-Based Compensation	$10M
Deferred Income Tax	-$2M
Other Non-Cash Items	$15M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$112M
Capital Expenditure	-$34M
Acquisitions (Net)	$18M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$21M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	-$82M
Common Stock Repurchased	-$58M
Common Dividends Paid	-$18M
Other Financing Activities	$485.0K
NET CASH FROM FINANCING	-$158M
FREE CASH FLOW	$78M
Net Change in Cash	-$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$133M
Short-Term Investments	$0
Net Receivables	$181M
Inventory	$184M
Other Current Assets	$48M
TOTAL CURRENT ASSETS	$549M
PP&E (Net)	$207M
Goodwill	$311M
Intangible Assets	$210M
Long-Term Investments	-$35M
Tax Assets	$35M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$755M
TOTAL ASSETS	$1.3B
Account Payables	$153M
Short-Term Debt	$2M
Deferred Revenue	$23M
Other Current Liabilities	$75M
TOTAL CURRENT LIABILITIES	$272M
Long-Term Debt	$503M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$35M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$559M
TOTAL LIABILITIES	$831M
Common Stock	$744.0K
Additional Paid-In Capital	$629M
Retained Earnings	$150M
Treasury Stock	-$303M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$474M
Minority Interest	$0
TOTAL EQUITY	$474M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$506M
Net Debt	$373M