SOURCE: Wabash National Corporation

September 26, 2005 17:18 ET

Wabash National Corporation Announces Stock Repurchase Program

LAFAYETTE, IN -- (MARKET WIRE) -- September 26, 2005 -- Wabash National Corporation (NYSE: WNC) today announced that its board of directors has authorized the Company to repurchase up to 2 million shares of its common stock until September 15, 2007. Stock repurchases under this program may be made in the open market or in private transactions, at times and in amounts that management deems appropriate. Wabash may terminate or limit the stock repurchase program at any time. The share repurchase authorized is approximately 6.4% of the 31 million shares outstanding. The program is intended to partially offset dilution resulting from stock award programs.

Bill Greubel, President and Chief Executive Officer, said, "Over the past few years we have significantly improved both our profitability and cash generation. We feel comfortable that we have the resources available to finance our current operations, capital investment initiatives and this stock repurchase program."

Wabash National Corporation designs, manufactures, and markets standard and customized truck trailers under the Wabash® brand name. The Company is one of the world's largest manufacturers of truck trailers and a leading manufacturer of composite trailers. The Company's wholly owned subsidiary, Wabash National® Trailer Centers, is one of the leading retail distributors of new and used trailers and aftermarket parts throughout the U.S. and Canada.

Contact Information

  • Press Contact:
    Tom Rodak
    Marketing and Communications Manager
    (765) 771-5535

    Investor Relations:
    (765) 771-5310