Wabash National (NYSE:WNC) Announces Earnings Results

Wabash National (NYSE:WNC) announced its quarterly earnings data on Wednesday. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.03, Zacks reports. 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 previous year, the company earned ($0.15) EPS.

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 Stock Down 1.7%

Shares of WNC traded down $0.22 during midday trading on Wednesday, reaching $13.09. 1,077,809 shares of the company were exchanged, compared to its average volume of 827,220. Wabash National has a 1-year low of $6.63 and a 1-year high of $14.32. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. The company has a market cap of $532.21 million, a price-to-earnings ratio of -8.18 and a beta of 1.43. The stock has a 50-day moving average price of $11.00 and a 200-day moving average price of $9.97.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were issued a $0.08 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.32 annualized dividend and a yield of 2.4%. Wabash National’s dividend payout ratio (DPR) is presently -20.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Wabash National from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Citizens Jmp initiated coverage on shares of Wabash National in a report on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price objective for the company. Weiss Ratings downgraded Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Finally, DA Davidson reiterated a “buy” rating and issued a $20.00 price objective on shares of Wabash National in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co bought a new position in Wabash National during the fourth quarter valued at about $37,000. Quadrant Capital Group LLC increased its position in Wabash National by 515.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after purchasing an additional 4,530 shares during the last quarter. BNP Paribas Financial Markets grew its position in Wabash National by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after acquiring an additional 4,129 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Wabash National in the third quarter worth $102,000. Finally, Corient Private Wealth LLC bought a new stake in Wabash National during the fourth quarter valued at about $111,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

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.