2023-04-26 06:55:16 ET
- Wabash National press release ( NYSE: WNC ): Q1 GAAP EPS of $1.04 beats by $0.56 .
- Revenue of $621M (+13.6% Y/Y) misses by $3.38M .
- Total Company backlog as of March 31, 2023 was approximately $3.1 billion, which is an increase of 31 percent versus the first quarter of 2022 and also represents an all-time first quarter record.
- Backlog expected to be shipped within the following 12-months was approximately $2.6 billion as of March 31, 2023.
- For the full-year ending December 31, 2023 , the Company maintained its revenue outlook with a range of $2.8 billion to $3.0 billion and a revenue midpoint of $2.9 billion vs. consensus of $2.87B. The Company increased its EPS guidance to a range of $4.00 to $4.50 with an EPS midpoint of $4.25 vs. consensus of $2.95.
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Wabash National reports mixed Q1 earnings; raises FY23 EPS outlook