Wabash National Corp. (WNC), an end-to-end supply chain solutions provider for the transportation, logistics and infrastructure markets, on Wednesday reported its loss widened in the fourth quarter compared with the previous year.
In the pre-market trading, Wabash National is 6.23% lesser at $10.54 on the New York Stock Exchange.
For the fourth quarter, net loss attributable to stockholders widened to $49.88 million from $1.03 million in the previous year.
Loss per share was $1.23 versus $0.02 last year.
Adjusted net loss attributable to stockholders widened to $37.78 million from $1.03 million in the previous year.
Adjusted loss per share were $0.93 versus $0.02 last year.
On average, 2 analysts had expected the company to report loss of $0.76 per share. Analysts' estimates typically exclude special items.
Adjusted EBITDA loss came in at $26.19 millon compared with income of $21.11 million in the previous year
Loss from operations came in at $59.94 million compared with income of $3.59 million million in the prior year.
Net sales declined to $321.45 million from $416.81 million in the previous year.
For the first quarter, the company expected revenue be in the range of $310 million to $330 million and adjusted loss per share to be in the range of $0.95 to $1.05.
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