Quarterly ResultMay 1, 2026, 04:17 PM
Wabash National Q1 Net Loss $(45.17)M; Sales $303.2M
AI Summary
Wabash National Corporation reported a net loss attributable to common stockholders of $(45.17) million for the three months ended March 31, 2026, a substantial decline from the $230.94 million net income in the same period last year. Net sales decreased to $303.23 million from $380.89 million, and the company recorded a gross loss of $(10.58) million compared to a gross profit of $19.00 million in Q1 2025. The company also completed the acquisition of the remaining 51% equity interest in Linq Venture Holdings LLC, which contributed to a $6.0 million reduction in General and administrative expenses and added $22.12 million to goodwill.
Key Highlights
- Net loss attributable to common stockholders was $(45.17) million, a significant decrease from $230.94 million net income in Q1 2025.
- Net sales decreased to $303.23 million from $380.89 million in the prior year period.
- Basic earnings per share (EPS) was $(1.11), down from $5.41 in Q1 2025.
- Gross profit turned into a loss of $(10.58) million, compared to a profit of $19.00 million in Q1 2025.
- Wabash acquired the remaining 51% equity interest in Linq Venture Holdings LLC for $6.4 million cash and $18.6 million note receivable.
- The Linq acquisition resulted in a $6.0 million reduction to General and administrative expenses.
- Goodwill increased to $213.34 million at March 31, 2026, from $191.22 million at December 31, 2025, including $22.12 million from the Linq acquisition.
- Net cash used in operating activities was $(33.65) million, compared to $(0.27) million in Q1 2025.
Price Impact
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