AI Earnings Predictions for Wabash National Corporation (WNC)

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Document

Media Contact:

Heidi Murphy

Heidi.murphy@padillaco.com

Investor Relations:

John Cummings

Sr. Director, FP&A & IR

(765) 262-2898

john.cummings@onewabash.com

Wabash Announces Third Quarter 2026 Results

▪Quarterly revenue of $476 million - Reflects strong shipments in core Dry Van market. Parts & Services generated positive revenue growth year-over-year.

▪GAAP operating loss of $20 million or Non-GAAP adjusted operating loss of $27 million; Non-GAAP adjusted operating loss excludes impact of $7.5 million related to the gain on sale of a manufacturing facility and $0.5 million of facility idling costs.

▪Quarterly GAAP EPS of $(0.51) or Non-GAAP adjusted EPS of $(0.63).

▪Total backlog of $1,198 million as of September 30, 2026. An increase of 25% versus Q2-26 and outperforming traditional seasonal trends.

▪Q4-2026 revenue outlook midpoint of $435 million, EPS outlook $(0.65). Market conditions and financials expected to improve sequentially thereafter.

LAFAYETTE, Ind. – October 29, 2026 – Wabash (NYSE: WNC), a leader in end-to-end supply chain solutions for the transportation, logistics and infrastructure markets, today reported results for the quarter ended September 30, 2026.

The Company's net sales for the third quarter of 2026 were $476.4 million, reflecting a 24.8% increase compared to the same quarter of the previous year. The Company generated consolidated gross margin of $15 million, equivalent to 3.1% of sales. GAAP operating loss amounted to $20 million as the company recognized a $7.5 million gain on the sale of a manufacturing facility and recorded $0.5 million of facility idling costs. Excluding the impact of the gain on sale and facility idling costs, Non-GAAP adjusted operating loss was $27 million for the quarter. Third quarter GAAP diluted earnings per share was $(0.51) or $(0.63) on a Non-GAAP adjusted basis.

As of September 30, 2026, total Company backlog stood at approximately $1,198 million, an increase of $242 million over the prior quarter.

For the fourth quarter of 2026, the Company guides its revenue to be in the range of $420 million to $450 million and Non-GAAP adjusted EPS to a range of $(0.75) to $(0.55).

"Our third quarter results represent another step forward in what continues to be a transition year for Wabash" explained Brent Yeagy, President and Chief Executive Officer. "Beneath the results we have explicit and material evidence in demonstrated customer demand. That gives confidence that the conditions required for a broader recovery are solidly in place. As a direct result of customer order activity at scale, we aggressively pulled forward capacity addition actions into Q3, actions previously slated for Q1 and Q2 of 2027, to increase dry van output in direct response".

Business Segment Highlights

The table below is a summary of select segment operating and financial results prior to the elimination of intersegment sales for the third quarter of 2026 and 2025. A complete disclosure of the results by individual segment is included in the tables following this release.

Wabash National Corporation

Three Months Ended September 30,20262025

New Units Shipped

Trailers(1) 9,5636,675

Truck bodies1,6853,067

(1) Trailer shipments do not include converter dollies for any period presented.

Transportation SolutionsParts & Services

Three Months Ended September 30,2026202520262025

(Unaudited, dollars in thousands)

Net sales$407,860$334,474$69,356$60,964

Gross profit$4,008$5,077$10,867$10,631

Gross profit margin1.0%1.5%15.7%17.4%

(Loss) income from operations$(7,541)$(13,116)$5,756$6,621

(Loss) income from operations margin(1.8)%(3.9)%8.3%10.9%

During the third quarter, Transportation Solutions generated net sales of $407.9 million, an increase of 21.9% compared to the same quarter of the previous year. Operating loss for the quarter amounted to $7.5 million, representing 1.8% of sales.

Parts & Services' net sales for the third quarter were $69.4 million, an increase of 13.8% compared to the prior year quarter. Operating income for the quarter amounted to $5.8 million, or 8.3% of sales.

Non-GAAP Measures

In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the financial information included in this release contains non-GAAP financial measures including adjusted operating (loss) income, adjusted EBITDA, adjusted net loss attributable to common stockholders, adjusted diluted loss per share, free cash flow, adjusted segment EBITDA, and adjusted segment EBITDA margin. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures and results calculated in accordance with GAAP, including net (loss) income, and reconciliations to GAAP financial statements should be carefully evaluated.

Adjusted operating loss, a non-GAAP financial measure, excludes certain costs, expenses, other charges, ga

EX-99.1

2 wnc-20260630xex991.htm

EX-99.1

Document

Media Contact:

Heidi Murphy

Heidi.murphy@padillaco.com

Investor Relations:

John Cummings

Sr. Director, FP&A & IR

(765) 262-2898

john.cummings@onewabash.com

Wabash Announces Second Quarter 2026 Results

▪Quarterly revenue of $417 million - Reflects strong shipments in core Dry Van market. Parts & Services generated positive revenue growth year-over-year.

▪GAAP operating loss of $25 million or Non-GAAP adjusted operating loss of $24 million; Excludes impact of $1.8 million of facility idling costs.

▪Quarterly GAAP EPS of $(0.56) or Non-GAAP adjusted EPS of $(0.53). Within the guidance range communicated for Q2-26.

▪Total backlog of $956 million ending Q2. An increase of 14% versus Q1-26 and outperforming traditional seasonal trends.

▪Q3-2026 revenue outlook midpoint of $450 million, EPS outlook $(0.45). Market conditions and financials expected to improve sequentially.

LAFAYETTE, Ind. – July 29, 2026 – Wabash (NYSE: WNC), a leader in end-to-end supply chain solutions for the transportation, logistics and infrastructure markets, today reported results for the quarter ended June 30, 2026.

The Company's net sales for the second quarter of 2026 were $417.2 million, reflecting a 9.1% decrease compared to the same quarter of the previous year. The Company generated consolidated gross margin of $15 million, equivalent to 3.7% of sales. GAAP operating loss amounted to $25 million as the company recognized $1.8 million of facility idling costs. Non-GAAP adjusted operating loss was $23.5 million for the quarter. Second quarter GAAP diluted earnings per share was $(0.56) or $(0.53) on a Non-GAAP adjusted basis.

As of June 30, 2026, total Company backlog stood at approximately $956 million, an increase of $119 million over the prior quarter.

For the third quarter of 2026, the Company guides its revenue to be in the range of $440 million to $460 million and Non-GAAP adjusted EPS to a range of $(0.50) to $(0.40).

"The second quarter continued to strengthen our conviction that the freight market recovery is taking shape. We are seeing a healthier combination of supply-side forces, safety-focused federal led enforcement and improving carrier economics. Those factors are beginning to translate into better market fundamentals" explained Brent Yeagy, President and Chief Executive Officer. "This matters because carrier profitability is what ultimately frees up capital to support increased replacement demand expenditure."

Business Segment Highlights

The table below is a summary of select segment operating and financial results prior to the elimination of intersegment sales for the second quarter of 2026 and 2025. A complete disclosure of the results by individual segment is included in the tables following this release.

Wabash National Corporation

Three Months Ended June 30,20262025

New Units Shipped

Trailers(1) 8,2928,043

Truck bodies1,3803,188

(1) Trailer shipments do not include converter dollies for any period presented.

Transportation SolutionsParts & Services

Three Months Ended June 30,2026202520262025

(Unaudited, dollars in thousands)

Net sales$354,654$400,214$63,387$59,744

Gross profit$5,986$28,600$9,343$12,800

Gross profit margin1.7%7.1%14.7%21.4%

(Loss) income from operations$(13,901)$12,518$5,965$9,060

(Loss) income from operations margin(3.9)%3.1%9.4%15.2%

During the second quarter, Transportation Solutions generated net sales of $354.7 million, a decrease of 11.4% compared to the same quarter of the previous year. Operating loss for the quarter amounted to $13.9 million, representing 3.9% of sales.

Parts & Services' net sales for the second quarter were $63.4 million, an increase of 6.1% compared to the prior year quarter. Operating income for the quarter amounted to $6.0 million, or 9.4% of sales.

Non-GAAP Measures

In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the financial information included in this release contains non-GAAP financial measures including adjusted operating loss, adjusted EBITDA, adjusted net loss attributable to common stockholders, adjusted diluted loss per share, free cash flow, adjusted segment EBITDA, and adjusted segment EBITDA margin. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures and results calculated in accordance with GAAP, including net (loss) income, and reconciliations to GAAP financial statements should be carefully evaluated.

Adjusted operating loss, a non-GAAP financial measure, excludes certain costs, expenses, other charges, gains or income that are included in the determination of operating income under U.S. GAAP, but that management would not consider important in evaluating the quality of the Company’s operating results as they are not indicative of the Company’s core operating results or may obscure trends useful in evaluating the Company’s

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Exhibit 99.1

Recent Developments

Preliminary Unaudited Estimated Financial Results for the Three Months Ended June 30, 2026

We are in the process of finalizing our results for the three months ended June 30, 2026. We have presented below ranges of certain unaudited preliminary results and estimates of selected key business metrics for the three months ended June 30, 2026, as well as the comparative period for the three months ended June 30, 2025. The following information reflects our preliminary estimates with respect to such data based on currently available information and does not present all necessary information for an understanding of our financial condition for the three months ended June 30, 2026. These estimated metrics should not be viewed as a substitute for our financial statements prepared in accordance with GAAP incorporated herein by reference.

We have prepared and provided ranges, rather than specific amounts, for the information below, primarily because our financial closing and analysis procedures are not yet completed. This financial information has been prepared by, and is the responsibility of, our management and is subject to revisions based on our procedures and controls associated with our financial reporting process. Our independent registered public accounting firm, Ernst & Young LLP, has not audited, reviewed, or performed any procedures with respect to our preliminary results or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. Our financial closing procedures for the three months ended June 30, 2026, are not yet complete and, as a result, our actual results will not be finalized until after the completion of this offering.

Accordingly, you should not place undue reliance upon these preliminary results and estimates of selected key business metrics. While we believe that such information and estimates are based on reasonable assumptions and management’s reasonable judgment, our actual results may vary. For example, during the course of the preparation of the respective financial statements and related notes, additional items may be identified that would require material adjustments to be made to the preliminary estimated results presented. Further, our preliminary estimated results are not necessarily indicative of the results to be expected for any future period as a result of various factors, including, but not limited to, those discussed in the sections titled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements”. This information should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for prior periods included in our Annual Report on Form 10-K and Quarterly Report on Form 10-Q and incorporated by reference into this offering memorandum.

Three Months Ended June 30,

2026 (Estimated)

2025 (Actual)

High

Low

(unaudited) (in thousands, except per share amounts)

GAAP Financial Measures:

Net Sales

$ 421,000

$ 413,000

$ 458,816

Net loss

$ (23,287 )

$ (26,237 )

$ (9,603 )

Net loss attributable to common stockholders

$ (23,530 )

$ (26,480 )

$ (9,589 )

Diluted loss per share

$ (0.57 )

$ (0.63 )

$ (0.23 )

Non-GAAP Financial Measures:

Adjusted EBITDA(1)

$ (9,653 )

$ (12,603 )

$ 16,320

Adjusted net loss attributable to common stockholders(2)

$ (22,207 )

$ (25,157 )

$ (6,139 )

Adjusted diluted loss per share(2)

$ (0.54 )

$ (0.60 )

$ (0.15 )

(1)

Adjusted EBITDA includes noncontrolling interest and excludes loss from unconsolidated entity and is defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation, impairment and other, net, facility idling costs, the Missouri legal matter, and other non-operating income and expense. Management believes providing adjusted EBITDA is useful for investors to understand the Company’s performance and results of operations period to period with the exclusion of the items identified above. Management believes the presentation of adjusted EBITDA, when combined with the GAAP presentation of net loss, is beneficial to an investor’s understanding of the Company’s operating performance.

(2)

Adjusted net loss attributable to common stockholders and adjusted diluted loss per share reflect adjustments for facility idling costs, the Missouri legal matter and the related tax effect of those adjustments. Management believes providing adjusted measures and excluding certain items facilitates comparisons to the Company’s prior year periods and, when combined with the GAAP presentation of net loss attributable to common stockholders and diluted loss per share, is beneficial to an investor’s understanding of the Company’s performance.

The Company’s estimates of net sales for the second quarter of 2026 were between $421 million and $413 million, reflecting an 8% to 10% decrease compared to the sa