Wabash National (NYSE:WNC – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.03, Zacks reports. The business had revenue of $417.24 million during the quarter, compared to analyst estimates of $402.85 million. Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The business’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.15) earnings per share.
Here are the key takeaways from Wabash National’s conference call:
- Backlog grew 14% sequentially to $956 million, marking the first second-quarter increase in company history. Management said customer behavior is shifting from deferred purchases toward fleet replacement demand.
- Freight-market indicators improved, with spot rates approximately 40% above prior-year levels by June, tender rejection rates above 16%, and manufacturing and logistics activity showing expansion.
- Q2 revenue was $417 million, while adjusted EPS was a loss of $0.53 and adjusted EBITDA was negative $9 million, reflecting material costs that have not yet been fully recovered through pricing. Q3 guidance calls for revenue of $440 million-$460 million and an adjusted EPS loss of $0.50-$0.40.
- Management expects sequential earnings improvement, including positive EBITDA in the second half of 2026, as higher pricing flows into the backlog. It expects material margin to improve by roughly 200-300 basis points in Q4 and cited current 2027 pricing as supportive of $150 million-$170 million of EBITDA if replacement-level demand materializes.
- Wabash secured $150 million of additional liquidity through convertible senior notes after quarter-end and is nearing completion of a refinancing that could extend its revolving credit facility to $300 million, providing working capital for a production ramp and greater financial flexibility.
Wabash National Trading Up 1.5%
WNC traded up $0.19 during trading hours on Thursday, reaching $12.59. The company’s stock had a trading volume of 393,034 shares, compared to its average volume of 833,640. The stock has a market cap of $512.12 million, a PE ratio of -7.88 and a beta of 1.43. Wabash National has a fifty-two week low of $6.63 and a fifty-two week high of $14.32. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.33 and a quick ratio of 0.77. The business’s 50-day moving average is $11.11 and its 200-day moving average is $9.99.
Wabash National Announces Dividend
Institutional Investors Weigh In On Wabash National
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WNC. Invesco Ltd. lifted its stake in shares of Wabash National by 0.5% in the 4th quarter. Invesco Ltd. now owns 172,931 shares of the company’s stock valued at $1,496,000 after purchasing an additional 941 shares during the last quarter. Deutsche Bank AG raised its holdings in Wabash National by 6.9% in the 4th quarter. Deutsche Bank AG now owns 31,618 shares of the company’s stock valued at $273,000 after buying an additional 2,052 shares during the period. Raymond James Financial Inc. raised its holdings in Wabash National by 12.6% in the 2nd quarter. Raymond James Financial Inc. now owns 18,519 shares of the company’s stock valued at $197,000 after buying an additional 2,078 shares during the period. Man Group plc lifted its position in Wabash National by 4.4% in the third quarter. Man Group plc now owns 53,556 shares of the company’s stock valued at $529,000 after buying an additional 2,235 shares during the last quarter. Finally, Barclays PLC lifted its position in Wabash National by 5.2% in the fourth quarter. Barclays PLC now owns 70,893 shares of the company’s stock valued at $613,000 after buying an additional 3,479 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on WNC shares. Citizens Jmp began coverage on Wabash National in a research report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price objective on the stock. Weiss Ratings cut Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Wall Street Zen downgraded Wabash National from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Finally, DA Davidson reiterated a “buy” rating and set a $20.00 price target on shares of Wabash National in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.00.
Read Our Latest Research Report on WNC
About Wabash National
Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.
Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.
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