Record Sales Drive Wabash National Profit

Wabash National is headquartered in Lafayette

Lafayette-based Wabash National Corp. (NYSE: WNC) has announced third quarter net income of $31.9 million, compared to $18.3 million during the same quarter the previous year. The company says record sales of $531 million helped boost performance.

Chief Executive Officer Dick Giromini says record net sales, gross profit and income from operations shows "operational improvement initiatives and the transformative nature of our strategic growth efforts are paying strong dividends. He says the company has increased its guidance to $1.38-$1.43 per share.

Giromini says all of the company’s segments "contributed significantly" to the record performance. He says the first nine months of 2015 have put the company on "an accelerated pace of improvement from our record breaking 2014."

Earlier this year, Wabash National opened a new facility at its Lafayette headquarters dedicated to production of truck bodies. The company says the line is the result of a "surge" in e-commerce, reshoring and regulatory changes.