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LAFAYETTE, Indiana - On Thursday, Wabash National Corporation (NYSE:WNC) reported third-quarter results that missed analyst expectations, with deeper losses than anticipated amid ongoing market challenges.
The transportation equipment manufacturer’s shares fell 5.05% in pre-market trading after the results.
The company reported a third-quarter adjusted loss of -$0.51 per share, significantly worse than the -$0.24 per share analysts had expected. Revenue came in at $382 million, below the consensus estimate of $390.07 million. The disappointing results follow a challenging second quarter when the company reported an adjusted loss of -$0.15 per share.
Wabash also lowered its full-year 2025 revenue guidance to $1.5 billion, down from its previous outlook of $1.6 billion and below analyst expectations of $1.58 billion.
"Market environment continues to be challenging as economic concerns and uncertainty remain," said Wabash CEO in the earnings release. The company’s Transportation Solutions segment, which includes trailer manufacturing, has been particularly affected by the downturn, with operating margin falling to just 3.1% in the second quarter compared to 11.4% in the same period last year.
While the company’s Parts & Services division showed some resilience with revenue growth both sequentially and year-over-year in the second quarter, it wasn’t enough to offset broader weakness.
The company noted that despite limited tariff exposure due to its domestic manufacturing footprint, persistent inflation will necessitate a price increase on orders for 2026, potentially adding further pressure to demand.
Wabash shipped 8,640 trailers and 3,190 truck bodies in the second quarter, showing a decline from the previous year’s volumes as economic headwinds continue to impact the transportation equipment sector.
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