Posted: December 19, 2014
LAFAYETTE, IN – The board of directors of Wabash National Corporation has authorized a repurchase of up to $60 million of its common stock over a two-year period.
“We are pleased that the continually strengthening financial performance of the Company has put us in a position to implement this program,” said president and CEO Dick Giromini.
He said the action, designed to enhance shareholder value by reducing the overall number of outstanding shares, is based on Wabash earnings, cash flow, and growth potential.
Stock repurchases under this program may be made in the open market or in private transactions.
Wabash National Corporation is a maker of semi-trailers and liquid transportation systems.