Lafayette-based Wabash National Corp. (NYSE: WNC) is reporting fourth quarter net income of $14.8 million, down from $21.2 million during the previous year. Chief Executive Officer Brent Yeagy says the quarter was impacted by high levels of demand and “supply chain headwinds.”
Yeagy continued, “Although the manufacturing environment remains challenging, the operating decisions and commercial strategies that we launched last year to offset these pressures pulled through as expected in the form of a sequential increase in margins.”
The semi-trailer, truck body and liquid transportation system manufacturer also reported fourth quarter net sales of $533 million, up 9 percent from $491 millionduring the same quarter last year.
You can find more information on the quarterly report by clicking here.