Wabash National Corporation (WNC)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 294,082 | 290,455 | 264,358 | 195,882 | 145,923 | 59,981 | 25,329 | 11,405 | 1,305 | 37,943 | 27,897 | 12,047 | -109,212 | -87,873 | -57,586 | -16,389 | 117,758 | 109,385 | 86,460 | 87,763 |
| Revenue (ttm) | US$ in thousands | 2,536,500 | 2,597,849 | 2,620,171 | 2,576,320 | 2,502,129 | 2,323,957 | 2,151,373 | 1,958,026 | 1,803,268 | 1,728,069 | 1,597,087 | 1,486,818 | 1,481,889 | 1,656,812 | 1,886,136 | 2,173,036 | 2,319,136 | 2,350,331 | 2,322,496 | 2,309,133 |
| Pretax margin | 11.59% | 11.18% | 10.09% | 7.60% | 5.83% | 2.58% | 1.18% | 0.58% | 0.07% | 2.20% | 1.75% | 0.81% | -7.37% | -5.30% | -3.05% | -0.75% | 5.08% | 4.65% | 3.72% | 3.80% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $294,082K ÷ $2,536,500K
= 11.59%
The pretax margin of Wabash National Corp. has shown a consistent upward trend over the past quarters, indicating an overall improvement in the company's profitability before taking into account taxes. The margin increased from 5.85% in Q4 2022 to 11.62% in Q4 2023, more than doubling within a year. This signifies that the company has been able to effectively manage its operating expenses and generate higher profits relative to its total revenues. The consecutive quarterly increases suggest that Wabash National Corp. has been successful in improving its operational efficiency and cost control measures. The pretax margin reaching double-digit percentages in recent quarters reflects a positive trend in the company's financial performance and may indicate sustainable profitability in the short to medium term.