WNC FY 2019 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2019 Earnings

Reported February 25, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.3B	—	2.3%
Op. Income	$143M	—	$111M	—	28.7%
Gross Margin	13.2%	—	12.5%	—	0.7pp
Net Margin	3.9%	—	3.1%	—	0.8pp
EPS (Diluted)	$1.62	—	$1.19	—	36.1%
Free Cash Flow	$109M	—	$78M	—	38.5%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$306M
R&D Expenses	$20M
Selling & Marketing	$35M
General & Administrative	$108M
SG&A Expenses	$143M
Other Expenses	$971.0K
Operating Expenses	$164M
Cost & Expenses	$2.2B
OPERATING INCOME	$143M
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$118M
Income Tax Expense	$28M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$90M
D&A	$42M
EBIT	$143M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$306M
R&D Expenses	$20M
Selling & Marketing	$35M
General & Administrative	$108M
SG&A Expenses	$143M
Other Expenses	$971.0K
Operating Expenses	$164M
Cost & Expenses	$2.2B
OPERATING INCOME	$143M
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$118M
Income Tax Expense	$28M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$90M
D&A	$42M
EBIT	$143M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$90M
Depreciation & Amortization	$42M
Stock-Based Compensation	$9M
Deferred Income Tax	$3M
Other Non-Cash Items	$705.0K
Change in Working Capital	$1M
OPERATING CASH FLOW	$146M
Capital Expenditure	-$38M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$785.0K
NET CASH FROM INVESTING	-$37M
Net Debt Issuance	-$51M
Common Stock Repurchased	-$34M
Common Dividends Paid	-$18M
Other Financing Activities	$684.0K
NET CASH FROM FINANCING	-$102M
FREE CASH FLOW	$109M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$141M
Short-Term Investments	$0
Net Receivables	$173M
Inventory	$187M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$541M
PP&E (Net)	$221M
Goodwill	$311M
Intangible Assets	$190M
Long-Term Investments	-$38M
Tax Assets	$38M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$763M
TOTAL ASSETS	$1.3B
Account Payables	$135M
Short-Term Debt	$0
Deferred Revenue	$19M
Other Current Liabilities	$36M
TOTAL CURRENT LIABILITIES	$259M
Long-Term Debt	$455M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$38M
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$524M
TOTAL LIABILITIES	$784M
Common Stock	$750.0K
Additional Paid-In Capital	$639M
Retained Earnings	$222M
Treasury Stock	-$337M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$521M
Minority Interest	$0
TOTAL EQUITY	$521M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$471M
Net Debt	$330M