WABASH NATIONAL Corp

Wabash National Corporation has amended its existing credit agreement, establishing a new $300 million revolving credit facility with Wells Fargo Capital Finance, LLC as the administrative agent. The facility includes an option to increase commitments by up to $175 million and matures in August 2031. The amendment also details interest rates, borrowing base calculations, and financial covenants, including a $90 million minimum liquidity requirement.

Wabash National reported a significant net loss of $22.9 million for Q2 2026, compared to a $9.6 million loss in Q2 2025, with year-to-date net loss reaching $68.1 million. Net sales declined to $417.2 million in Q2 2026 from $458.8 million in the prior year. The company also increased its long-term debt to $513.2 million and saw increased cash outflow from operations. Strategically, Wabash acquired the remaining 51% equity in Linq Venture Holdings LLC and made further investments in digital solutions through UpLabs Ventures, SpecSync, and PartsPulse.

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).

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.

Wabash National Corporation completed its previously announced private offering of 4.00% Convertible Senior Notes due 2032, totaling $150 million in aggregate principal amount. The notes, which mature on August 1, 2032, have an initial conversion price of approximately $16.75 per share, representing a 32.50% premium over the last reported stock price. The company expects net proceeds of approximately $141 million, which will be used for general corporate purposes, including the repayment of outstanding amounts under its existing credit agreement.

Wabash announced the pricing of its upsized private offering of $130 million aggregate principal amount of 4.00% convertible senior unsecured notes due 2032. The offering was upsized from the previously announced $100 million. The notes will bear interest at 4.00% annually and mature on August 1, 2032, with an initial conversion price of approximately $16.75 per share, representing a 32.50% premium. Wabash expects net proceeds of approximately $122 million, which will be used for general corporate purposes, including repaying amounts outstanding under its existing credit agreement.

Wabash National Corporation announced a private offering of $100 million in convertible senior notes due 2032, with an option for an additional $15 million. Concurrently, the company entered a Fifth Amendment to its Credit Agreement to permit up to $150 million in additional indebtedness for these notes. The filing also included preliminary unaudited Q2 2026 financial results, estimating net sales between $413 million and $421 million, an 8-10% decrease year-over-year, and a GAAP net loss between $23.287 million and $26.237 million.

Wabash announced the commencement of a private offering for $100 million aggregate principal amount of convertible senior unsecured notes due 2032. The offering is directed at qualified institutional buyers, with an option for initial purchasers to acquire an additional $15 million in notes. The notes will be senior, unsecured obligations, accruing semi-annual interest, and will be convertible into cash, common stock, or a combination at Wabash's discretion. The company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding amounts under its existing credit agreement.

Wabash announced it is now accepting 2027 production orders for its 2028 model year DuraPlate Dry Van and HD Dry Van trailers, moving the order cycle ahead of its traditional fall opening. This proactive step is a direct response to fleet customers who are already planning their 2027 acquisitions and require earlier access to configurations, delivery windows, and pricing. The company aims to provide better visibility, certainty, and availability, aligning with customer capital expenditure approvals and route planning cycles, as the trailer buying cycle has shifted earlier.

Wabash National Corp (WNC) announced it will host a webcast for its second-quarter 2026 earnings conference call on Wednesday, July 29, 2026, at 12:00 p.m. ET. The call will review and discuss the company's financial results for the quarter. An accompanying slide presentation and a replay of the call will be accessible on the "Investors" section of Wabash’s website.