Wabash returns to profits

Trailer manufacturer Wabash National Corp. said today that it had its first profitable quarter in more than two years. President & CEO William P. Greubel said that new trailer demand and production in the first quarter nearly doubled the levels of the same period last year, and increased approximately 10% on a sequential basis. "The improvement is consistent with our view that industry demand continues

Tim Parry

May 2, 2003

Trailer manufacturer Wabash National Corp. said today that it had its first profitable quarter in more than two years.

President & CEO William P. Greubel said that new trailer demand and production in the first quarter nearly doubled the levels of the same period last year, and increased approximately 10% on a sequential basis.

"The improvement is consistent with our view that industry demand continues to grow albeit at a slow pace," Gruebel said.

Net sales for the first quarter were $223 million compared to $162 million for the same period last year. Net income for the period was $1.4 million compared to a net loss of $14.6 million for the same period last year.