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WABASH NATIONAL CORPORATION ANNOUNCES RECORD FIRST QUARTER SALES AND EARNINGS

 LAFAYETTE, Ind., April 19 /PRNewswire/ -- Wabash National Corporation (NYSE: WNC) announced today record first quarter sales and income for the three months ended March 31, 1993.
 Net sales for the first quarter were $83.7 million, a 42 percent increase over the $59.1 million for the same period last year. Net income for the quarter was up 82 percent at $3.1 million ($.28 per share) compared to net income of $1.7 million ($.16 per share) for the same period last year.
 Commenting on these results, Jerry Ehrlich, president and chief executive officer, stated: "The record first quarter reflects the higher manufacturing capacity put in place in 1992. Also, Wabash National Finance Corp. (WNFC) and our aftermarket parts business posted sharp gains in sales and earnings over the same period in 1992. Additionally, the production start-up of the redesigned `plate' RoadRailer(R) took place in mid-March. While we are very pleased with the new unit along with our added capacity and new tooling, we did, however, experience some start-up problems that hampered production. These early problems along with some loss of production in February due to severe winter weather kept the record sales and income levels from being even higher. During the quarter, three new products were produced and will be introduced this month at the International Intermodal Expo in Atlanta. These products are the `RefrigeRailer' (a refrigerated RoadRailer), a RoadRailer domestic container chassis, and a new High Cube Stackable 53-foot domestic container."
 Wabash National Corporation designs, manufactures and markets standard and customized truck trailers. The company believes that it is one of the two largest U.S. manufacturers of truck trailers, the leading manufacturer of both fiberglass reinforced plastic trailers and aluminum plate trailers, and, through its RoadRailer Division, the leading manufacturer of bimodal vehicles internationally.
 WABASH NATIONAL CORPORATION
 Consolidated Results of Operations
 (Dollars in thousands, except per share amounts)
 Three months ended March 31 1993 1992
 Net sales $83,729 $59,132
 Income before taxes 5,034 2,841
 Net income $ 3,139 $ 1,736
 Net income per share $0.28 $0.16
 -0- 4/19/93
 /CONTACT: Donald J. Ehrlich of Wabash National, 317-449-5310/
 (WNC)


CO: Wabash National Corporation ST: Indiana IN: AUT SU: ERN

GK-PS -- NY024 -- 7242 04/19/93 09:50 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
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