Wabash National posts narrower Q2 loss on strong shipments

Overview

• U.S. trailer maker's Q2 revenue fell 9% yr/yr, slightly above prior-year period

• Adjusted EPS loss for Q2 was $(0.53), within company guidance range

• Company backlog rose 14% from Q1, outperforming seasonal trends

Outlook

• Wabash guides Q3-2026 revenue to $440 mln-$460 mln, midpoint $450 mln

• Company expects Q3-2026 non-GAAP EPS of $(0.50) to $(0.40)

• Company says freight market recovery and improving carrier economics expected to support results

Result Drivers

• DRY VAN SHIPMENTS - Co said quarterly revenue reflected strong shipments in core Dry Van market

• PARTS SERVICES GROWTH - Parts Services segment generated positive revenue growth yr/yr

• IMPROVING MARKET FUNDAMENTALS - Co cited healthier supply-side forces, safety-focused federal enforcement, and improving carrier economics assupporting better market conditions, per CEO Brent Yeagy

Company press release: ID:nGNX5rM1S6

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for Wabash National Corp is $22.50, about 69% above its July 28 closing price of $13.31

Reuters Recommended Reads

• July 28 - Landstar Q2 revenue beats estimates as freight transportation market "rapidly" improves

• July 28 - Werner Q2 revenue rises on TTS growth, FirstFleet acquisition

• July 29 - Luxembourg's Logwin H1 revenue rises on higher freight rates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)