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WABASH NATIONAL CORPORATION ANNOUNCES RECORD THIRD QUARTER RESULTS

WABASH NATIONAL CORPORATION ANNOUNCES RECORD THIRD QUARTER RESULTS
 LAFAYETTE, Ind., Oct. 21 /PRNewswire/ -- Wabash National Corporation (NYSE: WNC) announced today record sales and income for the third quarter. Net sales for the quarter were a record $70,781,313, a 51 percent increase over the $46,794,041 for the same period last year. Net income for the quarter was up 38 percent at $2,214,862 ($.20 per share) compared to pro forma net income of $1,599,429 ($.19 per share) for the same period last year. For the nine months ended Sept. 30, 1992, record net sales of $203,661,550 were achieved, and net income totaled $5,281,438 ($.48 per share), compared to net sales of $139,249,137 and pro forma net income of $4,731,638 ($.57 per share) for 1991.
 Jerry Ehrlich, president and CEO, stated: "The record third quarter results reflect an increase in productivity as the expanded work force and process changes began to return to their more traditional levels. The growth of the labor force during the first and second quarters subsided during the third quarter, enabling the company to concentrate on improving productivity. New product development continues at a high level; the production of the "Couplermate" (a device to allow ROADRAILERS to be coupled behind conventional passenger and intermodal trains) was started during the quarter and the first deliveries were made in October. The company's backlog of orders remains strong, with a favorable mix of proprietary products, plate and refrigerated trailers." Mr. Ehrlich also stated that Wabash National Finance Corp., which began operations during the first quarter, is performing well and is favorably impacting our operating results as well as our after tax cash flow.
 Wabash National Corporation designs, manufactures and markets standard and customized truck trailers. The company believes that it is the second largest U.S. manufacturer of truck trailers, the leading manufacturer of both fiberglass reinforced plastic trailers and aluminum plate trailers, and, through its RoadRailer Division, a leading manufacturer of bimodal vehicles.
 WABASH NATIONAL CORPORATION
 Results of Operations
 Period ended Three months Nine months
 Sept. 30 1992 1991 1992 1991
 Net sales $70,781,313 $46,794,041 $203,661,550 $139,249,137
 Income before
 taxes 3,628,162 2,493,429 8,651,238 7,728,638
 Net income 2,214,862 1,599,429(A) 5,281,438 4,731,638(A)
 Net income
 per share 0.20 0.19(A) 0.48 0.57(A)
 Average shares
 outstanding 11,092,150 9,547,349 11,092,150 9,547,349
 (A) Throughout the first nine months of 1991, the company was treated as an S Corporation and, accordingly, was not subject to corporate income taxes. Pro forma amounts for 1991 reflect a pro forma tax provision as if the company had been subject to corporate income taxes during the period.
 -0- 10/21/92
 /CONTACT: Donald J. Ehrlich of Wabash National Corporation, 317-448-1591/
 (WNC) CO: Wabash National Corporation ST: Indiana IN: TRN SU: ERN


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Publication:PR Newswire
Date:Oct 21, 1992
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