Wabash National reported second-quarter 2026 results with revenue of $417.24M, a decline versus the prior-year quarter, and a loss per share of ($0.56) as net loss widened year over year.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$417.24M$458.82M(9.1%) | Net income²($22.89M)($9.59M)(138.7%) | Diluted EPS³($0.56)($0.23)(143.5%) |
¹ Reported as “Net sales”. ² Reported as “Net (loss) income attributable to common stockholders”. ³ Reported as “Net (loss) income attributable to common stockholders per share”.
Business Highlights
- Revenue declined as Transportation Solutions volumes fell and truck-body demand softened; overall net sales were down year over year for both the quarter and first half.
- Trailer shipments were modestly higher in the quarter (+3.1%), while truck-body shipments fell sharply (Q2 (56.7%), H1 (53.0%)), shifting mix toward dry van/platform trailers.
- Parts & Services sales grew (Q2 +6.1%, H1 +5.2%) driven by Aftermarket Parts and Process Systems, despite margin pressure from expansion and start-up costs.
- Gross margins compressed (Q2 3.7% vs 9.0% prior) due to overhead and start-up costs and unfavorable product mix; working capital metrics showed higher inventory and DSO with extended DPO.
- Backlog increased materially to $876M for the next 12 months, reflecting new orders and positioning for a potential recovery amid uncertain demand forecasts.
Original SEC Filing:
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