This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Wabash National Corporation Announces Third Quarter Results 2009-11-04 17:42 ET - News Release LAFAYETTE, IN
-- (MARKET WIRE)
-- 11/04/09 
Wabash National Corporation (NYSE: WNC)
reported sequential operating improvements across several key financial and
operating metrics. The Company reported an operating loss of $10.2 million
for the third quarter of 2009, compared to an operating loss of $16.7
million for the second quarter of 2009. For the third quarter last year
the Company reported an operating loss of $4.5 million. For the nine
months ended September 30, the Company reported an operating loss of $54.2
million and $16.5 million for 2009 and 2008, respectively.
The following is a summary of select operating and financial results
trended for the past five quarters:
Three Months Ended
-----------------------------------------------------------
(Dollars in September 30, December 31, March 31, June 30, September 30,
thousands) 2008 2008 2009 2009 2009
-------- ------------- -------- -------- -------------
New Trailer
Units Sold 9,700 9,400 2,700 3,200 3,600
Net Sales $242,953 $ 230,715 $ 77,937 $ 86,206 $ 88,324
Gross Profit
Margin 3.7% -2.1% -19.9% -6.1% -0.4%
Loss from
Operations $ (4,492) $ (87,238)(1) $(27,319) $(16,664) $ (10,207)
Net Loss $ (4,330) $ (111,906)(1) $(28,284) $(17,935) $ (66,404)(2)
Operating
EBITDA
(Non-GAAP) $ 1,944 $ (13,451) $(21,558)$ (10,687) $ (4,607)
Notes: (1) During the fourth quarter of 2008, the Company incurred
a goodwill impairment charge of $66.3 million included in the
Loss from Operations and Net Loss.
(2) Third quarter 2009 Net Loss includes a non-cash charge of
$54.0 million related to the increase in the fair value of the
Company's warrant.
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