Wabash National Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net sales of $543,444,000 compared to $462,057,000 a year ago. Income from operations was $35,293,000 compared to $40,621,000 a year ago. Income before income taxes was $28,152,000 compared to $35,217,000 a year ago. Net income was $49,356,000 compared to $23,000,000 a year ago. Net income applicable to common stockholders was $49,356,000 compared to $23,000,000 a year ago. Earnings of $0.80 per diluted share compared to $0.36 per diluted share a year ago. Operating EBITDA was $51,062,000 compared to $53,606,000 a year ago. Adjusted Earnings were $22,250,000 or $0.36 per diluted share compared to $24,213,000 or $0.38 per diluted share a year ago. Non-GAAP adjusted earnings were $22.3 million, or $0.36 per diluted share, a $2.0 million decrease as compared to the prior year period. Operating income decreased 13% to $35.3 million compared to operating income of $40.6 million for the fourth quarter 2016.

For the year, the company reported net sales of $1,767,161,000 compared to $1,635,686,000 a year ago. Income from operations was $130,816,000 compared to $103,191,000 a year ago. Income before income taxes was $122,538,000 compared to $185,417,000 a year ago. Net income was $111,422,000 compared to $119,433,000 a year ago. Net income applicable to common stockholders was $111,422,000 compared to $119,433,000 a year ago. Earnings of $1.78 per diluted share compared to $1.82 per diluted share a year ago. Net cash provided by operating activities was $144,379,000 compared to $178,750,000 a year ago. Capital expenditures were $26,056,000 compared to $20,342,000 a year ago. Operating EBITDA was $189,004,000 compared to $253,002,000 a year ago. Adjusted Earnings were $86,166,000 or $1.38 per diluted share compared to $121,538,000 or $1.85 per diluted share a year ago. Non-GAAP adjusted earnings for the full-year 2017 were $86.2 million, or $1.38 per diluted share. 

For the full year 2018, the company provided earnings guidance. For the year the company expects to ship in the range of 56,000 to 60,000 trailer units, along with 22,000 to 24,000 truck body units, for a revenue projection of $2.05 billion to $2.15 billion. While the first quarter will be slow out of the gate due to timing of shipments, believe that pace will accelerate beginning in the second quarter and throughout the balance of the year. Full-year earnings of $1.86 to $2.02 per diluted share. The company expects interest expense in 2018 to be approximately $28 million.