Quarterly ResultJul 29, 2026, 06:56 AM
Wabash Q2 Revenue $417M, GAAP EPS $(0.56); Q3 Outlook $(0.45) EPS
AI Summary
Wabash National reported Q2 2026 revenue of $417.2 million, a 9.1% decrease year-over-year, with a GAAP operating loss of $(25) million and GAAP diluted EPS of $(0.56). Despite the current quarter's losses, the company saw a 14% increase in total backlog to $956 million, outperforming seasonal trends. Management expressed optimism about a freight market recovery, and the company provided Q3 2026 guidance projecting sequential improvements with revenue between $440 million and $460 million and non-GAAP adjusted EPS between $(0.50) and $(0.40).
Key Highlights
- Q2 2026 revenue was $417.2 million, a 9.1% decrease year-over-year.
- GAAP operating loss for Q2 2026 was $(25) million, including $1.8 million in facility idling costs.
- GAAP diluted EPS for Q2 2026 was $(0.56), with non-GAAP adjusted EPS at $(0.53).
- Total backlog increased 14% from Q1 2026 to $956 million at quarter-end.
- Transportation Solutions net sales decreased 11.4% to $354.7 million in Q2 2026.
- Parts & Services net sales increased 6.1% to $63.4 million in Q2 2026.
- Q3 2026 revenue is guided between $440 million and $460 million.
- Q3 2026 non-GAAP adjusted EPS is guided between $(0.50) and $(0.40).
Price Impact
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