Trailer and body builder Wabash reported record second-quarter earnings despite lower trailer deliveries and only a modest increase in truck body deliveries.
Highlights included:
- Quarterly revenue of $686.6 million, up 6.8% from $642.7 million a year ago.
- Record operating income of $103 million with an operating margin of 15% on strong material margin and favorable product mix.
- Gross profit of $151 million equaled 22% of sales.
- Record quarterly earnings per share of $1.54 compared to 46 cents a...
https://www.freightwaves.com/news/wabash-reports-record-q2-earnings