Hoosier Employers Make 'Top Manufacturers' ListPosted: Updated:
Three Indiana-based companies are on this year's 50 Best U.S. Manufacturers list compiled by Industry Week magazine. The publication bases the rankings on key areas over a three-year period, including profit margin and revenue growth. Lafayette-based Wabash National Corp. (NYSE: WNC), Columbus-based Cummins Inc. (NYSE: CMI) and Thor Industries Inc. (NYSE: THO) are on this year's list.Source: Industry WeekAugust 7, 2013
News ReleaseLAFAYETTE, IN - Wabash National Corporation (NYSE: WNC) today announced it was named one of the "50 Best U.S. Manufacturers" by IndustryWeek in the magazine's July 2013 issue.
"We're honored to be in such good company with other leading manufacturing companies, including Apple Inc., Cummins Inc., Cooper Tire & Rubber Co. and Qualcomm Inc.," said Dick Giromini, president and chief executive officer. "This national recognition reflects the dedication and talent of Wabash National's nearly 6,000 associates worldwide and confirms the company's efforts to strategically grow and diversify the business in recent years."
To select the top 50 manufacturing companies, IndustryWeek evaluated members of its "U.S. 500," a list of the largest U.S. public manufacturers, based on financial performance in the following six key areas from 2010 to 2012: inventory turns, profit margin, asset turns, return on assets, return on equity and revenue growth. Performance for the most recent year was weighted more heavily in the analysis.
"The Wabash National team's execution of our diversification strategy has been integral to the company's continued strengthening financial performance," added Giromini. "We look forward to building on the success we've had to date and moving forward to even greater levels of performance."
This is the second time Wabash National has been honored as a "50 Best," having first appeared on the list in 2006.
For more information about Wabash National, visit www.wabashnational.com.
About Wabash National Corporation
Headquartered in Lafayette, Ind., Wabash National Corporation (NYSE: WNC) is a diversified industrial manufacturer and North America's leading producer of semi trailers and liquid transportation systems. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, platform trailers, intermodal equipment, liquid tank trailers, frac tanks, engineered products, and composite products. Wabash National's operations are largely organized under three wholly owned subsidiaries: Transcraft Corporation, Walker Group Holdings LLC and Wabash National Trailer Centers, Inc. Its innovative products are sold under the following brand names: Wabash National®, Transcraft®, Benson®, DuraPlate®, ArcticLite®, Walker Transport, Walker Stainless Equipment, Walker Defense Group, Walker Barrier Systems, Walker Engineered Products, Brenner® Tank, Beall ®, Garsite, Progress Tank, TST®, Bulk Tank International and Extract Technology®. To learn more, visit www.wabashnational.com.
Source: Wabash National Corp.