Operator
Good day, and thank you for standing by. Welcome to the Wabash National Corporation Q1 2021 Earnings Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Ryan Reed, Director of Investor Relations. Please go ahead.
Ryan Reed
Investor Relations
Thank you, Lindsay. Good morning, everyone. Thanks for joining us on this call. With me today are Brent Yeagy, President and Chief Executive Officer and Mike Pettit, Chief Financial Officer. A couple of items before we get started. First, please note that this call is being recorded. I d also like to point out that our earnings release, the slide presentation supplementing today s call and any non-GAAP reconciliations are all available at IR.Wabashnational.com. Please refer to Slide two in our earnings deck for the company s Safe Harbor disclosure addressing forward-looking statements.
Wabash National seeing promise fulfilled in final-mile body business
Customers for vans and reefers now asking about its smaller delivery vehicles 2 minutes read Wabash National is finally realizing the potential of its Final Mile Product line, built on the 2017 acquisition of Supreme body builders. (Photo: Wabash National)
The waiting to see its investment in final-mile products pay off may finally be happening for Wabash National (NYSE: WNC).
The trailer maker that books most of its revenue from dry vans and refrigerated trailers saw great potential for last-mile delivery in 2017 when it paid $364 million for Supreme, the second-largest bodybuilder behind Morgan-Olson, the leading producer of aluminum walk-in vans.
LANCASTER - Although the format was different this year, the message was clear in the state of the city address: Lancaster is improving.
The annual event, hosted by the Lancaster Fairfield Chamber of Commerce, was made as a video this year, posted online.
Chamber President Travis Markwood interviewed city department heads while taking quick tours of department facilities.
Lancaster Mayor David Scheffler discussed a number of topics, including employment, housing and the city s latest income tax increase. I can say, (the city) is improving. A big consideration, for all of us, is the COVID-19 pandemic. But with cases declining and vaccine distribution rolling out, we re looking for a better year this year than we had last year, he said. Probably the most consequential development in my term of mayor, three years in and three years to go, is passing the income tax increase last November.
Christel Yardley/Stuff
Waipā District Council’s head office in Te Awamutu, in the centre of this photo. The roof is dated, maintenance is overdue, there is UV damage, concrete tiles are showing signs of cracking and chipping. “All roofs assessed have significant renewal works required,” the report said. The town hall had the highest repair bill, followed by the council’s head office in Te Awamutu, $565,000; Te Awamutu Events Centre, $513,000; Te Awamutu Museum, $413,000 and Cambridge Service Centre, $380,000. Cambridge ward councillor Mike Pettit said it seemed “to be a lot of money to spend on roofs” and wanted to know whether it was unexpected or general maintenance.
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Trailer builder
Wabash National Corp. (NYSE: WNC) is refocusing its business on cold chain, home delivery and parts and service as it pushes resources to refrigerated vans needed to move vaccines and food to a homebound nation.
Wabash sees the growth in home delivery having staying power even as more Americans receive inoculations against COVID-19. New technology and products to keep goods refrigerated presents significant organic growth prospects, CEO Brent Yeagy said on the company s fourth-quarter earnings call Wednesday. We ve never been faced with a market that has this much potential, he said. All the ways that we could potentially grow are on the table right now.