Wabash National (NYSE:WNC) Announces Earnings Results

Wabash National (NYSE:WNC) posted its quarterly earnings data on Friday. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16), Briefing.com reports. The business had revenue of $303.23 million during the quarter, compared to the consensus estimate of $319.03 million. Wabash National had a net margin of 13.71% and a negative return on equity of 22.79%. The business’s revenue for the quarter was down 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.58) EPS.

Here are the key takeaways from Wabash National’s conference call:

• Q1 consolidated revenue was $303 million with adjusted non‑GAAP net loss of $47.5 million (‑$1.17/share) and adjusted EBITDA of ‑$38 million, driven by lower volumes and production inefficiencies.
• Backlog improved 19% sequentially to $837 million, management says Q1 was the low point and guides Q2 revenue of $380–$400 million with sequential improvement expected each quarter.
• Operating cash flow was ‑$33.7 million (free cash flow ‑$37.3 million) with total liquidity of $165 million; management is conserving cash and plans to address the ABL facility before September 2026.
• Strategic investments in digital/AI, Parts & Services and new upfit sites (Chicago, Atlanta, Phoenix) target more recurring revenue and lower cyclicality, with each new upfit site expected to add $10–$20 million at ~20% gross margin at peak.
• Trade developments (Section 232 and pending AD/CVD rulings) plus U.S. manufacturing scale — including Lafayette South capacity able to produce ~10,000 incremental trailers — position Wabash to improve pricing stability and gain share into 2027.

Wabash National Stock Performance

Shares of Wabash National stock opened at $7.66 on Friday. The company has a 50 day moving average of $9.05 and a 200-day moving average of $9.27. Wabash National has a 1-year low of $7.10 and a 1-year high of $12.94. The company has a current ratio of 1.39, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. The company has a market cap of $311.69 million, a PE ratio of -4.79 and a beta of 1.61.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Wabash National’s dividend payout ratio is 6.57%.

Hedge Funds Weigh In On Wabash National

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co bought a new position in Wabash National in the 4th quarter valued at approximately $37,000. Quadrant Capital Group LLC lifted its stake in Wabash National by 515.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after purchasing an additional 4,530 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Wabash National by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after purchasing an additional 4,129 shares during the last quarter. Inceptionr LLC bought a new position in Wabash National in the 3rd quarter valued at approximately $102,000. Finally, Corient Private Wealth LLC bought a new position in Wabash National in the 4th quarter valued at approximately $111,000. Institutional investors own 97.05% of the company’s stock.

Key Headlines Impacting Wabash National

Here are the key news stories impacting Wabash National this week:

• Positive Sentiment: Management gave forward revenue guidance and a market‑share goal — Wabash forecasts Q2 revenue of about $380M–$400M and said it is targeting over 25% share in the dry‑van trailer market, which signals management expects stabilization and potential share gains. Wabash projects Q2 revenue of $380M-$400M as it targets over 25% dry van share
• Neutral Sentiment: The company published its Q1 results, slide deck and full call transcript, giving analysts detailed information to update models and expectations. Wabash Q1 slide deck / press materials
• Negative Sentiment: Q1 results missed expectations: EPS of ($1.17) versus consensus ($1.01) and revenue $303.23M versus estimates near $319M, with revenue down ~20.4% year‑over‑year — a clear near‑term demand/revenue weakness driver. Wabash National Corp (WNC) Q1 2026 Earnings Call Highlights
• Negative Sentiment: Management and analysts described the business as in a “painful trough,” highlighting continued margin pressure, lower volumes and the need for operational adjustments — comments that amplify downside near term. Wabash National Earnings Call Signals Painful Trough
• Negative Sentiment: Profitability and returns remain strained (quarterly EPS worsened versus prior year and management signaled ongoing margin sensitivity), reinforcing near‑term earnings risk and pressure on the stock given its leverage and small market cap. Wabash Announces First Quarter 2026 Results

Wall Street Analysts Forecast Growth

WNC has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Wabash National from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. Zacks Research raised shares of Wabash National from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings raised shares of Wabash National from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Finally, DA Davidson reissued a “neutral” rating and issued a $11.00 price objective on shares of Wabash National in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Wabash National Company Profile

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.