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NEW YORK - On Friday, Wabash National Corporation (NYSE:WNC) lowered its full-year outlook despite reporting better-than-expected second quarter results.
The transportation equipment manufacturer’s shares fell 6.19% in pre-market trading after the earnings release.
The Lafayette, Indiana-based company posted a second quarter adjusted loss of $0.15 per share, beating analyst expectations of a $0.30 loss. Revenue came in at $459 million, surpassing the consensus estimate of $433.79 million and exceeding the midpoint of the company’s own outlook range due to "modestly stronger than expected shipments." However, revenue was down 16.7% compared to the same period last year.
Wabash’s Parts & Services segment was a bright spot, generating positive revenue growth both sequentially and YoY, with sales increasing 8.8% to $59.7 million compared to the prior year quarter.
"Turning to the broader market environment, demand remains muted across the trailer industry," said CEO Brent Yeagy. "Industry forecasters have continued to revise their outlook downward, and recent updates now suggest that 2025 shipment volumes will fall well below basic replacement demand."
The company reduced its full-year 2025 revenue outlook to approximately $1.6 billion from its previous guidance and lowered its adjusted EPS forecast to a range of $(1.30) to $(1.00), with a midpoint of $(1.15). This revised outlook falls short of analyst expectations of $(0.75) EPS and $1.71 billion in revenue.
Wabash shipped 8,640 trailers during the quarter, down from 9,245 in the same period last year, while truck body shipments declined to 3,190 from 3,925 a year ago. The company’s total backlog stood at $1.0 billion at the end of the second quarter.
Despite the challenging market conditions, Yeagy expressed cautious optimism about the future, noting that based on early customer discussions and industry forecasts, "we’re cautiously optimistic that 2026 will reflect a return to growth."
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