Wabash National Corp. Acquired Walker Group Holdings According to BAC Company Report
20 Jun 2012 • by Natalie Aster
LONDON – Earlier in May Wabash National Corporation announced final stage of Walker Group Holdings purchase, accounted for USD 360 million. Walker is posed to establish Wabash competitive position on a totally new market - stainless steel products for the chemical, dairy, food and beverage, personal care, aviation, pharmaceutical, energy, sanitary, and nuclear industries. This acquisition will allow Wabash to diversify its operations and therefore become less dependent on truck market performance. All Walker products will be regarded to Diversified Products segment.
Wabash was able to significantly improve its performance in 2011. After several years of financial losses the company registered organic growth within all sectors. Thus, revenue and gross profit increased by 85.4% and 137.4%, respectively, and amounted to USD 1.2 B and USD 66.7 M. Both operating and net income delivered a rehab from negative numbers to above-zero range, and equaled USD 19.8 M and USD 15 M, respectively. Q1 2012 results continue the positive trend with revenue of USD 277.7 M, gross profit of USD 19.7 M, operating income of USD 5.4 M, and net income of USD 5.1 M. The improvement against Q1 2011 is evident: new trailer shipments grew by 16%, while Diversified Products segment recorded a 98% increase.
Founded in 1985 and headquartered in Lafayette, IN (USA), Wabash National Corporation is US leading manufacturer of semi-trailers, freight vans, refrigerated vans, drop deck trailers, and intermodal equipment. With two subsidiaries, Transcraft Corporation and Wabash National Trailer Centers, Wabash National holds 24.3% North American market share in total shipments. Company’s sales network covers 32 US states and 5 Canadian states. In 1991 Wabash entered NYSE under the ticker WNC.
Get full disclosure on the company’s activities, history, products, and business possibilities from the report “Wabash National Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Wabash National Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Jun, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
The Market Publishers, Ltd.
Tel: +44 208 144 6009
Fax: +44 207 900 3970