Wabash National approves rebranding to 'Wabash', records $28M Q4 2021 impairment

WABASH NATIONAL Corp

Non-cash impairment charge of ~$28 million in Q4 2021 for discontinued trade name intangibles.
FY2022 amortization expense to decrease by ~$2.5 million, boosting diluted EPS by ~$0.04.
Company expects no material future cash expenditures from these impairments.
Rebranding part of 'One Wabash' strategy; will phase out other brand names.

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