Wabash National Corporation provided impairment guidance for the fourth quarter of 2021. On January 10, 2022, the management of Wabash National Corporation (the Company) completed its review and approval of the Company's plan for rebranding as Wabash. As part of the planning process, the Company assessed its usage of trade names and brand names in connection with the Company's long-term growth strategy as One Wabash.

Under the plan as approved, the Company no longer plans to use certain trade names or brand names, and will predominantly use Wabash (or variations thereof) to refer to the Company. The decision will result in non-cash impairment charges of approximately $28 million in the Company's fourth quarter 2021 results related to trade name and trademark intangible assets associated with the Company's non-Wabash trade names or brand names. Going forward, the Company anticipates a reduction in related amortization expense in fiscal year 2022 results of operations of approximately $2.5 million, which is expected to increase fiscal year 2022 diluted earnings per share by approximately $0.04 per share.

The Company does not expect any material future cash expenditures related to these impairments.