WABASH NATIONAL Corp (WNC) Form 10-Q — Jul 29, 2026
Wabash National reported a sharp deterioration in financial performance for the six months ended June 30, 2026, with net sales decreasing 14.2% year-over-year to $720.5 million. The company swung to a net loss of $67.8 million, or $1.67 per share, compared to net income of $221.4 million in the prior year period, primarily due to a collapse in gross margins to 0.7% from 7.2% driven by reduced shipments and higher overhead costs. Despite the current softening demand and operational challenges, the company reported a robust backlog of $956 million, a 36% increase from December 31, 2025, attributed to new orders outpacing shipments and an accelerated order cycle for dry vans.
Key figures
- Eps
- -1.67
- Revenue
- 720470000
- Total Debt
- 513220000
- Gross Profit
- 4754000
- Cash Position
- 71496000
- Revenue Growth
- -14.2%
- Backlog usd
- 956000000
- Gross margin pct
- 0.7%
- Revolver outstanding usd
- 115000000
Price after filing
Close on the filing date to close N calendar days later (from $13.22). Historical, not a forecast.
AI analysis
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