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Stock impact report

Wabash National Issues Update on Strong Liquidity Position, Cost Containment Measures and Schedules First Quarter 2020 Earnings Conference Call

Wabash National Corporation (WNC) 
Last wabash national corporation earnings: 2/12 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.wabashnational.com
Company Research Source: GlobeNewswire
LAFAYETTE, Ind., April 16, 2020 (GLOBE NEWSWIRE) -- Wabash National Corporation (NYSE: WNC) today issued an update on its liquidity position, cost containment measures and announced the date for its first quarter 2020 earnings conference call. Liquidity UpdateAs of March 31, 2020, the company’s total liquidity was $277 million with cash and cash equivalents of $155 million and $122 million of available borrowings under its existing revolving credit facility. As a result of uncertainty caused by COVID-19, the company drew $45 million under its existing revolving credit facility in March 2020. “Wabash National is well-positioned from a liquidity perspective as we have prepared for an eventual downturn in our industry over the last two years. We recently bolstered our cash balance by drawing on our revolving credit facility and we expect existing cash on hand to be more than adequate to cover cash needs over this extraordinary period of time,” said Chief Financial Officer, Mike Petti Show less Read more
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