Quarterly ResultJul 29, 2026, 06:55 AM
Wabash Q2 Revenue $417.2M, EPS $(0.56); Backlog $956M
AI Summary
Wabash reported Q2 2026 revenue of $417.2 million, a 9.1% decrease from the prior year, with a GAAP operating loss of $25 million and GAAP diluted EPS of $(0.56). Despite the losses, the company's total backlog grew 14% sequentially to $956 million, outperforming traditional seasonal trends. Wabash provided a Q3 2026 revenue outlook midpoint of $450 million and Non-GAAP adjusted EPS outlook midpoint of $(0.45), anticipating sequential market and financial improvements. CEO Brent Yeagy noted strengthening conviction in a freight market recovery.
Key Highlights
- Q2 2026 revenue was $417.2 million, a 9.1% decrease year-over-year.
- GAAP operating loss was $25 million; Non-GAAP adjusted operating loss was $23.5 million.
- GAAP diluted EPS was $(0.56); Non-GAAP adjusted EPS was $(0.53).
- Total backlog increased 14% sequentially to $956 million at quarter-end.
- Q3 2026 revenue outlook midpoint is $450 million.
- Q3 2026 Non-GAAP adjusted EPS outlook midpoint is $(0.45).
- Transportation Solutions net sales were $354.7 million with an operating loss of $13.9 million.
- Parts & Services net sales increased 6.1% to $63.4 million with operating income of $6.0 million.
Price Impact
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