Lafayette-based Wabash National Corp. (NYSE: WNC) is reporting first quarter net income of $3.2 million, compared to a net loss of $107 million during the same period last year. Chief Executive Officer Brent Yeagy says freight activity remains exceptionally strong and the manufacturer is focused on adding capacity to support customer demand.
“During the first quarter, the Wabash team executed well to navigate the unprecedented labor and supply-chain challenges that have impacted our industry in addition to all U.S. manufacturing sectors,” explained Yeagy. “We remain focused on executing on solid demand conditions this year while simultaneously working to secure adequate labor and supply stability in order to achieve strong exit run rates by the end of 2021. We expect to be well positioned to maximize our factory capacity and achieve further operating margin expansion in 2022, particularly as we anniversary strong material cost headwinds in the current year.”
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