Wabash raises FY23 EPS view to $4.60-$4.70 from $4.25-$4.65

Narrows FY23 revenue view to $2.6B from $2.6B-$2.8B. Consensus is for FY23 EPS $4.50 and for revenue $2.65B. “Through the first three quarters of 2023 we have achieved cumulative diluted EPS of $3.74, surpassing the full year EPS target of $3.50 by 2025 that we presented at our 2022 Investor Meeting,” explained Yeagy. “We are raising the bar considerably for the peak earnings potential of Wabash. We are also poised to generate significant free cash flow in 2023 even while making meaningful investments in our operations. As we navigate softer near-term demand conditions within the dry van market, we expect the strength of our first to final mile portfolio to be apparent as truck bodies, tank trailers and parts & services support our results leading to what we anticipate will be our best-ever trough performance in 2024.”