Wabash National net income for fourth quarter 2000 dropped to $83,000 from $11.8 million in fourth quarter 1999;
sales for the quarter were $274.8 million compared to $358 million.
Those results don’t include $46.6 million in restructuring and other non-recurring charges taken in the quarter. For the year, net income was $21.7 million on sales of $1.3 billion, compared to $38.8 million on sales of $1.5 billion for 1999.
The quarterly results were impacted by lower production rates and the costs associated with the start-up of new manufacturing processes in the company’s Tennessee plant, said Chairman, President and CEO Jerry Ehrlich. The balance of its manufacturing operations maintained their margin levels despite lower production.
sales for the quarter were $274.8 million compared to $358 million.
Those results don’t include $46.6 million in restructuring and other non-recurring charges taken in the quarter. For the year, net income was $21.7 million on sales of $1.3 billion, compared to $38.8 million on sales of $1.5 billion for 1999.
The quarterly results were impacted by lower production rates and the costs associated with the start-up of new manufacturing processes in the company’s Tennessee plant, said Chairman, President and CEO Jerry Ehrlich. The balance of its manufacturing operations maintained their margin levels despite lower production.
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