What is the market's earnings forecast for Wabash National next quarter?

What is Wabash National's latest dividend and current dividend yield?

What is Wabash National's gross profit margin?

What were the key takeaways from Wabash National's earnings call?

What factors drove the changes in Wabash National's revenue and profit?

Did Wabash National beat or miss consensus estimates last quarter?

What guidance did Wabash National's management provide for the next earnings period?

What were the key takeaways from Wabash National’s earnings call?

- **Market Resilience**: Despite 2025 challenges, Parts & Services grew 33% YoY, positioning for 2026 recovery. 
- **Cost Efficiency**: $10M annual savings from factory idling, $235M liquidity maintained. 
- **Strategic Focus**: Investments in upfit centers (2,500+ units 2026) and TaaS to capitalize on post-2027 recovery. 
- **Financial Caution**: 2026 first quarter expected to be weakest, with no major capital deployments beyond debt reduction.

**【CEO Summary Section】**
- **Market Challenges**: 2025 was marked by prolonged demand softness and cost-cutting measures, including idling of Little Falls and Goshen facilities to save $10M annually. 
- **Financial Impact**: Q4 revenue $321M, adjusted EBITDA -$26.2M, with first quarter 2026 expected to be the weakest (revenue $310-330M, EPS -$0.95-1.05). 
- **Strategic Moves**: Maintaining liquidity ($235M) and preparing for 2027 market recovery through cost alignment and Parts & Services expansion. 

**【CFO Financial Commentary】**
- **Q4 Results**: Transportation Solutions segment loss $31.7M, Parts & Services profit $5.1M (7.9% margin). Full year cash flow -$31M, excluding $30M legal settlement. 
- **2026 Outlook**: Capital expenditures $26M (maintenance), no near-term TaaS investments. ABL debt reduction prioritized over share buybacks. 
- **Cost Management**: $16M noncash charges in Q4, additional $4-5M Q1 charges for factory idling. 

**【Q&A Highlights】**
- **Reefer Production**: No impact from factory idling; ample capacity retained. 
- **Parts & Services Growth**: 2025 revenue up 33% YoY, 2026 expected to exceed 2025 despite margin compression in Q1. 
- **Tariffs & Trade**: Antidumping duty case progressing; potential penalties on competitors, no direct Wabash impact. 
- **Customer Sentiment**: Early signs of stabilization in freight market, but 2026 trailer demand seen as 'less bad' than 2025.

Wabash National Corporation (WNC) Q4 2025 Earnings Call Transcript

- **Revenue Miss**: Q3 revenue $382M (-15% YoY) due to truck body demand slump; 2025 guidance cut to $1.5B.
- **Parts & Services Strength**: Segment +16% YoY to $61M, driven by TaaS (2,000+ units 2026) and upfit centers.
- **232 Tariffs Catalyst**: 2026+ benefit as competitors face 20-30% cost increases; Wabash 95% domestic supply chain.
- **Cash Flow Resilience**: $69M free cash flow YTD; near breakeven 2025 despite $40M TaaS investment.
- **Fleet Shakeout**: 2026 fleet right-sizing (100k-200k trailers) sets stage for 2027 replacement recovery.

**【CEO Summary Section】**
- **Market Challenges**: Q3 revenue of $382M fell below expectations due to soft demand in truck body business, with backlog at $800M. Near-term outlook remains weak, with 2025 guidance revised to $1.5B revenue and negative $2 EPS.
- **Parts & Services Resilience**: Segment grew 16% YoY to $61M, driven by upfit centers (540 units shipped in Q3) and TaaS expansion. TaaS now includes pools for shippers, offering nationwide trailer support and predictive analytics.
- **232 Tariffs Impact**: New tariffs on steel/aluminum for Mexican-made trailers may benefit Wabash starting 2026, as 95% of supply chain is domestic. Competitors may face cost pass-through challenges.
- **Legal Settlement**: $30M payment resolved a $450M product liability verdict, with $81M net adjustment in Q3.

**【CFO Financial Commentary】**
- **Q3 Results**: GAAP revenue $382M, adjusted EBITDA negative $5M (1.4% of sales), adjusted EPS negative $0.51. Transportation Solutions lost $13M, while Parts & Services earned $6.6M.
- **Cash Flow Management**: Year-to-date free cash flow $69.1M, with $40M invested in TaaS. 2025 capex reduced to $25-30M (from $50-60M prior guidance).
- **Guidance Update**: Q4 revenue $300-340M, full-year EPS negative $1.95-2.05. Near breakeven cash flow expected for 2025.

**【Q&A Key Highlights】**
- **Tariffs & Competitiveness**: Wabash's domestic sourcing (95%) gives cost stability vs. Mexican competitors. Q3 saw $1M impact from supplier price hikes, with higher 2026 tariffs expected.
- **Platform Trailer Growth**: Stable demand driven by infrastructure spending and data centers. Wabash in quoting phase for 2026 orders.
- **Fleet Right-Sizing**: 2026 may see accelerated fleet capacity reduction (100k-200k trailers), creating 2027 replacement demand. Pricing trends mixed, with some niches allowing ASP growth.
- **TaaS Momentum**: 2,000+ updated truck bodies expected in 2026, with new upfit centers in Phoenix and Atlanta. PPN network expanded to 115 locations.

Wabash National Corporation (WNC) Q3 2025 Earnings Call Transcript

- **Parts & Services Surge**: 15% Q/Q growth, 8.8% Y/Y, with upfit units doubling to 962 in Q2. TaaS fleet over 1,000 units, poised for H2 expansion.
- **2025 Guidance Cut**: Revenue to $1.6B (-$200M prior), EPS -$1.15 (-$0.55 prior), reflecting market softness. Free cash flow near breakeven.
- **2026 Cautious Optimism**: Order rates tied to fleet capacity reduction. Management sees potential for growth if market stabilizes.
- **Cost Discipline**: $0.25 EPS offset from cost containment; free cash flow managed despite $21M TaaS investment.
- **ASP Mix Impact**: Sequential 9% drop due to dry van mix; like-for-like ASP stable, highlighting operational resilience.


**【CEO Summary Section】**
- **Market Challenges**: Economic softness and cautious customer capital spending persist, with industry trailer shipment forecasts below replacement demand. Backlog declined to $1B, reflecting a wait-and-see approach.
- **Parts & Services Growth**: Segment revenue grew 15% Q/Q and 8.8% Y/Y, with EBITDA margins returning to high teens. Upfit units doubled Y/Y to 962 units in Q2, on track for 2,000+ in 2025.
- **TaaS Expansion**: TrailerHawk app update enables direct capacity reservation and real-time tracking. Fleet size over 1,000 units, with growth expected in H2.
- **Legal Update**: Appeal filed for 2019 legal matter; no material impact on operations or financials.
- **2025 Guidance**: Midpoint revised to $1.6B revenue and -$1.15 EPS, with free cash flow near breakeven. 2026 outlook cautious but optimistic if market stabilizes.

**【CFO Financial Commentary】**
- **Q2 Results**: Revenue $459M (vs. $420-460M guidance), adjusted net loss $6.1M (-$0.15 EPS), beating expectations. Parts & Services operating income $9.1M vs. $13M in Transportation Solutions.
- **Balance Sheet**: Liquidity $312M, net debt leverage 6.2x. Capital allocation: $6M traditional CapEx, $0.7M TaaS investment, $10.4M share buybacks, $3.4M dividend.
- **2025 Guidance**: Revenue $1.6B (-$200M from prior), EPS -$1.15 (-$0.55 from prior). Free cash flow near breakeven, excluding TaaS investments.
- **Cost Management**: Cost containment actions offset $0.25 EPS of volume declines, with continued focus on efficiency.

**【Q&A Key Highlights】**
- **2026 Outlook**: Order rates dependent on fleet capacity reduction and freight demand. Management sees potential for return to growth if market stabilizes.
- **Parts & Services Momentum**: Upfit business expansion, PPN network growth (110+ locations), and TaaS adoption driving secular growth. H2 2025 revenue expected 20% higher than H1.
- **ASP Decline**: Sequential 9% drop driven by dry van mix; like-for-like ASP stable. Management confident in market share retention despite industry softness.
- **TaaS Investment**: $21M spent YTD, with fleet growth expected in H2. Management views TaaS as long-term growth driver.
- **2025 Performance**: Despite $200M revenue reduction, cost management keeps cash flow near breakeven. Management focused on positioning for recovery.


Wabash National Corporation (WNC) Q2 2025 Earnings Call Transcript

- **Parts & Services Resilience**: +12% YoY growth in Q1 despite 15% decline in Transportation Solutions, driven by upfit volumes doubling and CaaS expansion.
- **Tariff Headwinds**: Customer CapEx delays reduce 2025 revenue by $200M, but 95% domestic sourcing shields from direct tariff impact.
- **AI & Analytics Innovation**: Partnership with UP.Labs developing AI tools to enhance customer experience and reduce operational inefficiencies.
- **Liquidity Strength**: $310M cash + revolver availability provides >$1B total liquidity buffer for uncertain 2025 environment.
- **Long-Term Opportunity**: U.S. manufacturing revitalization could drive 25%+ trailer demand uplift, offsetting near-term EPA standards headwinds.


**【CEO Opening Remarks】**
- **Market Softness**: Trailer industry orders contracted for 8 consecutive quarters, with Q1 backlog of $1.2B reflecting tariff-induced customer hesitation.
- **Parts & Services Growth**: Despite 15% YoY decline in Transportation Solutions revenue, Parts & Services achieved +12% YoY growth, driven by upfit volumes doubling and CaaS expansion.
- **Tariff Impact**: 95% of materials sourced domestically shields from direct tariffs, but steel/aluminum pricing pressures and customer CapEx delays weigh on margins.
- **Long-Term Outlook**: U.S. manufacturing revitalization could drive 25%+ trailer demand uplift, offsetting 2027 EPA emission standards headwinds.
- **Legal Update**: $119.5M judgment appeal filed; legal team pursuing resolution of 2019 motor vehicle accident case.

**【Mike Pettit - Growth Initiatives】**
- **Upfit Expansion**: Q1 upfit volumes doubled YoY, with new Chicago and Atlanta locations opening in 2025 to support national service network.
- **CaaS Momentum**: 1,000+ trailers deployed in Q1, integrating TrailerHawk's cargo security tech for real-time monitoring and theft prevention.
- **AI & Analytics**: Partnership with UP.Labs developing AI config tool and predictive parts inventory system to enhance customer experience and reduce downtime.

**【Pat Keslin - Financial Results】**
- **Q1 Performance**: $381M revenue (-15% YoY), adjusted EBITDA of -$9M, and -$0.58 EPS due to 6,290 trailer shipments vs. 7,800+ expectations.
- **Segment Breakdown**: Transportation Solutions (-$10M operating loss), Parts & Services (+$6.9M operating income) offsetting cyclical weakness.
- **2025 Guidance**: Reduced to $1.8B revenue (-$200M prior) and -$0.60 EPS midpoint, reflecting $1.70 EPS impact from volume declines.
- **Liquidity**: $310M cash + revolver availability; flexible $50-60M CapEx budget to support growth initiatives.

**【Q&A Highlights】**
- **Profitability Concerns**: Q1 decremental margins of ~75% driven by labor inefficiencies; Q2+ expects stabilization at -$0.30 EPS.
- **Parts Margin Volatility**: Q1 Parts EBITDA of 13% vs. 2024's 18%, but 2025 guide for high-teens EBITDA reflects sequential improvement.
- **Steel Pricing**: 10-15% steel cost increases fully baked into 2025 guidance, with no material pass-through beyond existing price agreements.
- **Liquidity Flexibility**: $400M 2028 bonds + revolver provide >$1B total liquidity; dividend continuation prioritized over share buybacks in 2025.


Wabash National (WNC)-30 Apr 25-2025 Q1 Earnings call transcript

- **2024 Strategic Success**: Diversified portfolio (Parts & Services, TaaS) drove resilience, with Wabash Marketplace and Trailers as a Service leading innovation. 
- **2025 Growth Drivers**: EPA 2027 mandates to boost truck body orders, TaaS expansion with 500+ units, and Parts & Services revenue growth. 
- **Financial Outlook**: $2B revenue midpoint, cautious Q1 ($420M-$450M), and $0.85-$1.05 EPS. 
- **Risk Management**: 90%+ North American supply chain mitigates tariff risk; legal expenses expected to rise due to product liability case. 
- **Customer Trends**: Trailer pools and TaaS adoption accelerating as carriers seek flexible asset solutions.

**【CEO Opening Remarks】**
- 2024 was a transformative year with record financial performance and strategic investments in a diversified portfolio (e.g., Parts & Services, TaaS). 
- The company maintained resilience through the industry downcycle, with key initiatives like the Wabash Marketplace and Trailers as a Service driving long-term growth. 
- Strategic partnerships (e.g., Kodiak for autonomous logistics, Purdue University for Smart Crossroads) are redefining the logistics ecosystem. 
- Leadership changes include promoting Mike Pettit to Chief Growth Officer and Donald Winston to COO, enhancing operational expertise.

**【Mike Pettit - Parts & Services Update】**
- Truck body upfitting grew double digits in 2024, with over 1,100 units upfitted Q4. 
- Preferred Partner Network expanded by 14 locations, enhancing aftermarket support. 
- Wabash Marketplace launched in 2024, offering end-to-end digital solutions including on-demand trailer capacity and mobile inspection tools. 
- TaaS program onboarding new customers, with 2025 growth driven by EPA 2027 mandates for truck body replacements.

**【Brent Yeagy - 2025 Outlook】**
- Revenue guidance: $1.9B-$2.1B (midpoint $2B), with EPS $0.85-$1.05. 
- Dry van orders expected to accrue throughout 2025, focused on replacement rather than fleet growth. 
- Truck body segment poised for growth due to EPA 2027 mandates, with healthy order flow. 
- Tariff risk mitigation: 90%+ supply chain localized in North America, minimal Mexico manufacturing exposure. 
- Q1 2025 expected to be seasonally low ($420M-$450M revenue, -$0.20 to -$0.30 EPS).

**【CFO Patrick Keslin - Q4 2024 Financials】**
- Q4 revenue: $417M, net loss: $1M (-$0.02 EPS). 
- Transportation Solutions segment: $370M revenue, 4.8% operating margin. 
- Parts & Services: $48.6M revenue, 9.2% operating margin. 
- Free cash flow: $38M for 2024, with $72M in share buybacks. 
- 2025 capital allocation: $50M-$60M in capex, continued share repurchases. 
- Legal expenses: $1M in Q4 for product liability case, expecting $5M+ annualized in 2025.

**【Q&A Highlights】**
- **Margins & Seasonality**: Q4 2024 underperformance due to low trailer volume; 2025 expects gradual improvement. 
- **TaaS Growth**: 500-1,000 units in 2024, with new customer onboarding and digital capabilities (e.g., security features) driving 2025 expansion. 
- **Tariff Impact**: Minimal direct exposure; near-shoring trends may benefit dry van utilization. 
- **Trailer Pools**: Customer interest in TaaS as a flexible asset management solution, with potential integration into trailer pool models.


Actual											-0.04	0	0.09	0.1	0.06	0.21	0.22	0.07	0.24	0.46	0.73	0.84	1.04	1.54	1.16	1.07	0.39	0.64	0.19	-0.02	-0.58	-0.15	-0.51	-0.93
Forecast											-0.026	-0.198	-0.068	0.015	-0.0122	0.1152	0.2048	0.1228	0.1032	0.4712	0.5684	0.7139	0.485	1.316	1.0237	0.9069	0.4519	0.555	0.2343	0.0235	-0.2786	-0.3365	-0.3879	-0.7645
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-53.85%	+100.00%	+232.35%	+566.67%	+591.80%	+82.29%	+7.42%	-43.00%	+132.56%	-2.38%	+28.43%	+17.66%	+114.43%	+17.02%	+13.31%	+17.98%	-13.70%	+15.32%	-18.91%	-185.11%	-108.18%	+55.42%	-31.48%	-21.65%

Actual	--	--	--	--	--	--	--	--	--	--	387.07M	339.15M	351.58M	404.08M	392.00M	449.42M	482.57M	479.28M	546.76M	642.77M	655.15M	657.45M	620.95M	686.62M	632.83M	596.10M	515.28M	550.61M	464.04M	416.81M	380.89M	458.82M	381.60M	321.45M
Forecast	--	--	--	--	--	--	--	--	--	--	418.46M	303.27M	346.84M	365.10M	407.29M	457.41M	501.66M	490.88M	477.89M	619.91M	642.10M	668.37M	625.51M	739.98M	678.70M	633.68M	516.85M	594.77M	477.35M	412.92M	409.85M	433.77M	381.52M	318.32M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-7.50%	+11.83%	+1.37%	+10.68%	-3.75%	-1.75%	-3.81%	-2.36%	+14.41%	+3.69%	+2.03%	-1.63%	-0.73%	-7.21%	-6.76%	-5.93%	-0.31%	-7.42%	-2.79%	+0.94%	-7.07%	+5.77%	+0.02%	+0.98%

WNC

WNC fundamentals

WNC Q4 2025 Earnings

Earnings Call

You can ask Aime

WNC

WNC fundamentals

WNC Q4 2025 Earnings

Earnings Call

WNC Earnings Call Summary for Q4/202512:00 PM on Feb 4, 2026

WNC Earnings Call Summary for Q3/202512:00 PM on Oct 30, 2025

WNC Earnings Call Summary for Q2/202512:00 PM on Jul 25, 2025

WNC Earnings Call Summary for Q1/202512:00 PM on Apr 30, 2025

WNC Earnings Call Summary for Q4/202412:00 PM on Jan 29, 2025

You can ask Aime