Quarterly ResultMay 1, 2026, 06:56 AM
WNC Q1 Revenue $303M, down 20.4%; GAAP EPS $(1.11); Misses Guidance
AI Summary
Wabash (WNC) reported Q1 2026 revenue of $303.2 million, a 20.4% decrease year-over-year, falling below guidance due to softer demand, particularly in its Truck Body business, and operational inefficiencies. The company posted a GAAP operating loss of $52 million and GAAP EPS of $(1.11). Despite a challenging near-term market, the total backlog increased to $837 million, and management anticipates market conditions and financials to improve throughout 2026, with Q2 revenue guided to $380-$400 million and adjusted EPS to $(0.40)-$(0.60).
Key Highlights
- Q1 2026 revenue decreased 20.4% YoY to $303.2 million, falling below guidance.
- GAAP operating loss was $52 million; Non-GAAP adjusted operating loss was $55.5 million.
- GAAP diluted EPS was $(1.11); Non-GAAP adjusted EPS was $(1.17), missing expectations.
- Total backlog increased to $837 million at quarter-end, up $132 million from prior quarter.
- Transportation Solutions net sales fell 27.9% to $250.2 million, with an operating loss of $(37.3) million.
- Parts & Services net sales rose 4.1% to $54.1 million, with operating income of $3.8 million.
- Q2 2026 revenue guidance is $380-$400 million; adjusted EPS guidance is $(0.40)-$(0.60).