Wabash National Corporation has announced that as a result of the ongoing COVID-19 outbreak, the company does not expect to meet its 1Q20 or full year guidance provided on 12 February 2020.
Given the rapidly evolving situation, the company is currently unable to quantify the full impact of COVID-19 on its outlook and expects to provide additional information during its 1Q20 earnings call.
“The guidance we provided in our Q4 call reflected an environment where Wabash anticipated minimal impact on our operations from COVID-19, which was the best information we had at the time. Customer pickups have been behind our initial expectations and we anticipate growing supply chain disruption in the coming weeks,” said Brent Yeagy, president and CEO.
“Our highest priority remains the safety, health and wellbeing of our employees, their families and our communities. We have taken proactive measures to protect our people and will continue to take necessary actions. We are very thankful to our employees for their continued dedication as we collectively work together during this uncertain time.”
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/20032020/wabash-national-provides-update-on-current-environment-and-2020-outlook/