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WABASH NATIONAL CORPORATION ANNOUNCES SECOND QUARTER RESULTS

 WABASH NATIONAL CORPORATION ANNOUNCES SECOND QUARTER RESULTS
 LAFAYETTE, Ind., July 24 /PRNewswire/ -- Wabash National Corporation (NYSE: WNC) announced today the results of the second quarter. Net sales for the quarter were a record $73,749,000, a 42 percent increase over the $51,978,000 for the same period last year. Net income for the quarter was $1,331,000 ($.12 per share) compared to pro forma net income of $2,173,000 ($.26 per share) for the same period last year. For the six months ended June 30, 1992, net sales were $132,880,000 and net income was $3,067,000 ($.28 per share) compared to net sales of $92,455,000 and pro forma net income of $3,132,000 ($.38 per share) for 1991.
 Jerry Ehrlich, president and CEO, stated: "Demand for the company's product continues to be stronger than anticipated. The build up of the labor force continued throughout the second quarter and has unfavorably impacted productivity. We do not expect to add additional employees during the rest of the year and will focus on improving productivity." Ehrlich also stated that the company's backlog of orders has grown to a record level. He added that during the quarter, the company received an initial order for RoadRailer units from Australia and the testing of the RoadRailer units from Australia and the testing of the RoadRailer system is well underway in the United Kingdom.
 Wabash National Corporation designs, manufactures and markets standard and customized truck trailers. The company believes that it is among the three largest U.S. manufactures 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
 Periods ended Three Months Six Months
 June 30 1992 1991 1992 1991
 Net sales $73,748,568 $51,978,174 $132,880,237 $92,455,096
 Income bef.
 taxes 2,182,369 3,635,322 5,023,076 5,235,209
 Net income 1,330,869 2,173,322(A) 3,066,576 3,132,209(A)
 Net income per
 share 0.12 0.26(A) 0.28 0.38(A)
 Avg. shares
 outstanding 11,092,150 9,547,349 11,092,150 9,547,349
 -- (A) Throughout the first six 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- 7/24/92
 /CONTACT: Donald J. Ehrlich of Wabash National Corporation, 317-448-1592/
 (WNC) CO: Wabash National Corporation ST: Indiana IN: SU: ERN


LD-AH -- NY072 -- 3249 07/24/92 19:45 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
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