WNC FY 2022 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2022 Earnings

Reported February 23, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.5B	—	$1.8B	—	38.8%
Op. Income	$167M	—	$34M	—	396.8%
Gross Margin	12.9%	—	10.9%	—	2.0pp
Net Margin	4.5%	—	0.1%	—	4.4pp
EPS (Diluted)	$2.25	—	$0.02	—	9855.8%
Free Cash Flow	$67M	—	-$57M	—	218.4%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$323M
R&D Expenses	$5M
Selling & Marketing	$27M
General & Administrative	$113M
SG&A Expenses	$140M
Other Expenses	$10M
Operating Expenses	$155M
Cost & Expenses	$2.3B
OPERATING INCOME	$167M
Interest Income	$0
Interest Expense	$21M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$146M
Income Tax Expense	$34M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$112M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$112M
D&A	$47M
EBIT	$167M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$323M
R&D Expenses	$5M
Selling & Marketing	$27M
General & Administrative	$113M
SG&A Expenses	$140M
Other Expenses	$10M
Operating Expenses	$155M
Cost & Expenses	$2.3B
OPERATING INCOME	$167M
Interest Income	$0
Interest Expense	$21M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$146M
Income Tax Expense	$34M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$112M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$112M
D&A	$47M
EBIT	$167M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$113M
Depreciation & Amortization	$47M
Stock-Based Compensation	$10M
Deferred Income Tax	-$8M
Other Non-Cash Items	$374.0K
Change in Working Capital	-$38M
OPERATING CASH FLOW	$124M
Capital Expenditure	-$57M
Acquisitions (Net)	$1.8K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	-$33M
Common Stock Repurchased	-$34M
Common Dividends Paid	-$16M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$82M
FREE CASH FLOW	$67M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$0
Net Receivables	$258M
Inventory	$244M
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$593M
PP&E (Net)	$271M
Goodwill	$188M
Intangible Assets	$99M
Long-Term Investments	-$36M
Tax Assets	$28M
Other Non-Current Assets	$60M
TOTAL NON-CURRENT ASSETS	$611M
TOTAL ASSETS	$1.2B
Account Payables	$189M
Short-Term Debt	$0
Deferred Revenue	$32M
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$347M
Long-Term Debt	$396M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$458M
TOTAL LIABILITIES	$805M
Common Stock	$766.0K
Additional Paid-In Capital	$666M
Retained Earnings	$188M
Treasury Stock	-$456M
Accum. Other Comp. Income	-$882.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$398M
Minority Interest	$512.0K
TOTAL EQUITY	$398M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$419M
Net Debt	$361M