Wabash National (NYSE:WNC) Releases Earnings Results, Misses Estimates By $0.16 EPS

Wabash National (NYSE:WNC) released its earnings results 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. Wabash National had a net margin of 13.71% and a negative return on equity of 22.79%. The company had revenue of $303.23 million for the quarter, compared to analyst estimates of $319.03 million. During the same quarter in the previous year, the firm earned ($0.58) EPS. The firm’s revenue was down 20.4% on a year-over-year basis.

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 Price Performance

WNC opened at $7.66 on Friday. The firm has a market cap of $311.69 million, a P/E ratio of 1.57 and a beta of 1.61. The firm has a 50-day moving average of $9.05 and a 200 day moving average of $9.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 1.39. Wabash National has a fifty-two week low of $7.10 and a fifty-two week high of $12.94.

Wabash National Dividend Announcement

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

Hedge Funds Weigh In On Wabash National

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in Wabash National by 161.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,108,072 shares of the company’s stock worth $9,585,000 after purchasing an additional 684,397 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Wabash National by 305.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 640,850 shares of the company’s stock worth $6,325,000 after purchasing an additional 482,942 shares during the period. Millennium Management LLC boosted its position in Wabash National by 864.3% during the first quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock worth $5,078,000 after purchasing an additional 411,889 shares during the period. Federated Hermes Inc. boosted its position in Wabash National by 119.9% during the fourth quarter. Federated Hermes Inc. now owns 637,552 shares of the company’s stock worth $5,515,000 after purchasing an additional 347,584 shares during the period. Finally, Jane Street Group LLC boosted its position in Wabash National by 204.3% during the first quarter. Jane Street Group LLC now owns 463,191 shares of the company’s stock worth $5,118,000 after purchasing an additional 310,998 shares during the period. Institutional investors own 97.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Wabash National from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. DA Davidson reiterated a “neutral” rating and issued a $11.00 target price on shares of Wabash National in a report on Thursday, February 19th. Weiss Ratings downgraded shares of Wabash National from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen downgraded shares of Wabash National from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. 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, Wabash National has an average rating of “Reduce” and a consensus price target 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.