Wabash National Corp.

Wabash National Corp.

Wabash National Corp.

Overview
Date Founded

1991

Headquarters

1000 Sagamore Parkway South, Lafayette, IN, 47905, USA

Type of Company

Public

Employees (Worldwide)

6,900

Industries

Trucks, Construction & Farm Machinery
Other Transportation
Industrial Machinery & Manufacturing
Metal Manufacturing & Products

Company Description

Headquartered in Lafayette, Indiana, Wabash National Corporation is a diversified manufacturer and North America’s leading producer of semi trailers and liquid transportation systems. Established in 1985, the Company specializes in the design and production of dry freight vans, refrigerated vans, platform trailers, intermodal equipment, liquid tank trailers, frac tanks, engineered products, and composite products. Wabash National operates three wholly-owned subsidiaries: Transcraft Corporation, Walker Group Holdings LLC, and Wabash National Trailer Centers, Inc. Its innovative products are sold under the following brand names: Wabash National®, Transcraft®, Benson®, DuraPlate®, ArcticLite®, Walker® Transport, Walker® Stainless Equipment, Walker® Defense Group, Walker® Barrier Systems, Walker® Engineered Products.

Contact Data
Trying to get in touch with decision makers at Wabash National Corp.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Director, President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, Global Operations

Senior Vice President, Customer Value Creation

President & Chief Executive Officer

Senior Vice President & General Counsel, Corporate Secretary

Vice President Chief Information Officer

General Accounting Manager

General Manager

General Manager

Paths to Wabash National Corp.
Potential Connections via
Relationship Science
You
Wabash National Corp.
Owners & Shareholders
Details Hidden

Towle & Co. employs a fundamental, deep value investment approach that seeks to achieve above-average capital appreciation. Their deep value investment strategy focuses on identifying and capitalizing on investments the stocks of publicly-traded companies that are undervalued relative to their underlying, intrinsic value. The firm seeks absolute value through investments in primarily small-cap and micro-cap stocks, typically with market-caps less than $2 billion. Towle & Co. tends to invest in the stocks of companies in the financial services, manufacturing, consumer products, retail, transportation and energy sectors. The firm does not invest in companies involved in tobacco, liquor or gaming. They invest mainly in the stocks of US companies. Towle & Co. maintains a low turnover rate.The firm's fundamental investment approach begins with a screen to identify companies with low price-to-book value, low p/e (current or potential) and low price-to-sales ratios.They often invest in companies operating in out-of-favor or consolidating industries that have stagnating or declining stocks prices. Companies should have total debt that is less than the shareholders' equity and possess a strong market position or technological leadership. Companies must also demonstrate the ability to prudently finance their on-going business activities. Towle & Co. seeks to invest in stocks that are selling at less than 6 times the total enterprise value to earnings before interest, taxes, depreciation and amortization expense.To determine upside potential and downside risk, the firm performs a financial evaluation that includes an analysis of historical and current profitability, liquidity, leverage and asset management. this analysis is followed by a review of industry prospects and the company's competitive position. Towle & Co. then projects the company's earnings power, cash flow generating capability and financial condition. They use the private market transaction values and profitability characteristics of comparable companies to determine a company's earnings potential over the next 3 years. To be included in a portfolio, a company's 3 year earnings potential must provide a minimum return on market value of 15%.Sell targets are established for each company in a portfolio. these targets usually represent a 50% to 100% increase from the market value at the time of the initial purchase. An estimate of a company's future earnings potential is determined by assigning a conservative multiple (8 to 13x) to the company's earnings potential in the third year. Sell targets are continuously monitored and are periodically adjusted as business and market conditions change. These period reviews may result in an upward or downward adjustment of the sell target or in the decision to sell the position.

Details Hidden

Channing Capital Management employs a long-term value-oriented approach to investing in US mid-cap and small-cap stocks. The firm utilizes a fundamental, bottom-up value investment philosophy that focuses on undervalued and neglected stocks primarily with a market-cap of $2 billion to $15 billion. They look for companies that are trading at significant discounts to their intrinsic value. Portfolios are constructed on a stock-by-stock basis with a focus on the return potential of individual securities. Channing’s relatively concentrated approach focuses on stock picking rather than market timing or sector allocation. The firm relies primarily on stock selection to generate above average returns as opposed to forecasts which emphasize sector weightings relative to a portfolio benchmark. However, Channing does employ sector and industry diversification as a risk management tool.

Details Hidden

RWWM manages two types of discretionary investment strategies, an income strategy and a growth strategy. Both strategies may consist of individual stocks or bonds; ETFs, mutual funds or other securities.RWWM employs a fundamental, discount-from-value approach. They look for more value in terms of discounted future cash-flow than they are paying for it. Their analysis leads to an intrinsic valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase.RWWM considers the rate of inflation and the rate of the 30 year US Treasury bond as essential elements of their intrinsic value calculation. Because the rates of inflation and the 30 year US Treasury bonds fluctuate, there is always a degree of risk associated with their calculations. RWWM seeks to bring the degree of risk and any permanent capital loss to a minimum by obtaining a wide margin of safety in each commitment.The firm's income strategy is intended for clients that require income or are planning to take withdrawals within the next 5 years. Generally, the portfolio holds the same stock positions the firm's growth strategy. However, their income strategy has a smaller weighting in stocks and a larger weighting in bonds and cash. Both investment strategies may invest in, but are not limited to, common and preferred equities, convertibles or fixed income instruments and short term cash equivalents.

Recent Transactions
Details Hidden

AFI Partners LLC purchases Walker Group Holdings LLC /AVTE Business from Wabash National Corp.

Details Hidden

Wabash National Corp. purchases Supreme Industries, Inc.

Details Hidden

Wabash National Corp. purchases Beall Corp. /Tank & Trailer Bus from Beall Corp.

Transaction Advisors
Accountant

Advised onWabash National Corp. purchases Fruehauf Trailer Corp.

Investment Advisor

Advised onWabash National Corp. purchases Supreme Industries, Inc.

Underwriter

Advised onWabash National Corp. issued USD Common Stock

Legal Advisor

Advised onWabash National Corp. purchases Walker Group Holdings LLC from Insight Equity

Legal Advisor

Advised onWabash National Corp. purchases Walker Group Holdings LLC from Insight Equity

Legal Advisor

Advised onWabash National Corp. purchases Walker Group Holdings LLC from Insight Equity

Advisors & Consultants
Legal Advisor

Partner at Hogan & Lovells LLP

Agent

Executive Vice President at Lee & Associates Commercial Real Estate Service, Inc.

Clients

FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Key Stats and Financials As of 2019
Market Capitalization
$604M
Total Enterprise Value
$1.15B
Earnings Per Share
$1.62
Revenue
$2.32B
Total Equity
$521M
Net Profit
$89.6M
Enterprise Value / Sales
0.5x
Enterprise Value EBITDAOperating
6.02x
TEVNet Income
12.86x
Debt TEV
0.42x
EBITDAMargin
8.08%
EBITDA
$187M
Total Debt
$481M
Three Year Compounded Annual Growth Rate Of Revenue
7.91%
Non-Profit Donations & Grants
Suppliers
Accuride Corporation Automobiles | Evansville, IN

Accuride Corporation (NYSE: ACW), headquartered in Evansville, Indiana, USA, is a leading manufacturer and supplier of wheels, wheel-end components and other products to the North American commercial vehicle industry. Our products include steel and aluminum commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and gray, ductile and austempered ductile iron castings; and are marketed under some of the most recognized business and brand names in the industry: Accuride Wheel End Solutions (Accuride Wheels and Gunite), Imperial Group, and Brillion Iron Works.

Alcorn Industrial, Inc. Indianapolis, IN

Meritor, Inc. Industrial Machinery & Manufacturing | Troy, Michigan

Meritor, Inc. engages in the design, production, and trade of integrated systems, modules, and components to original equipment manufacturers. It operates through the following segments: Commercial Truck and Trailer, and Aftermarket and Industrial. The Commercial Truck and Trailer segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems, primarily for medium- and heavy-duty trucks and other applications. The Aftermarket and Trailer segment provides axles, brakes, drivelines, suspension parts and other replacement parts to commercial vehicle and industrial aftermarket customers in North America and Europe. The company was founded in 1909 and is headquartered in Troy, MI.

Awards & Honors
Rank #961
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Wabash National Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Wabash National Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Wabash National Corp..