LAFAYETTE, Ind., April 03, 2025 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the first quarter 2025 on Wednesday, April 30, 2025 beginning at 12:00 p.m. ET. The call and an accompanying slide presentation will be accessible on the "Investors" section of Wabash’s website, www.onewabash.com, under "Events & Presentations." The conference call will be accessible by dialing (800) 715-9871, confe ...

LAFAYETTE, Ind., March 24, 2025 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) today announced an update in its challenge to the verdict issued against the company in September by a St. Louis jury in Williams et al. v. Wabash. On March 20, 2025, a Circuit Court determined that the punitive damage award in the case, which stood at $450 million, did not align with the company’s constitutional rights, and ordered the punitive damages award reduced to $108 million with the compensatory damages award remaining at $11.5 ...

LAFAYETTE, Ind., March 10, 2025 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC), a leader in end-to-end supply chain solutions for the transportation, logistics and infrastructure markets, will showcase how its bold transformation in recent years is reshaping what fleets can expect from an OEM partner at TMC 2025, March 10–13 in Nashville. This year’s exhibit highlights how Wabash is helping customers tackle today’s most pressing operational challenges—merging physical and digital technologies with services and solu ...

Core Insights - Wabash is expanding its service portfolio and network to meet the growing demand for upfit and ready-to-mount solutions, including the launch of a new Ready-to-Mount Program and a new Parts and Services facility in Gary, Indiana, set to open in April 2025 [1][3] Service Expansion - The new Parts and Services center in Gary will be Wabash's seventh facility dedicated to truck body upfitting, offering customizable solutions and aftermarket parts, with some services completed in 10 days or less [3][4] - Wabash's Ready-to-Mount Program provides pre-built dry freight and platform bodies designed for durability and performance, allowing for rapid deployment to meet operational demands [2][4] Market Demand and Innovation - In 2024, Wabash upfitted over 1,100 truck bodies through its Parts and Services network, enhancing customer access to necessary equipment more quickly than traditional OEM sales [4] - The company is showcasing its expanded service capabilities and transportation innovations at Work Truck Week 2025, highlighting solutions that help fleet owners improve efficiency and reduce costs [2][5] Technology and Efficiency - Wabash's Medium Duty Acutherm™ Refrigerated Truck Body utilizes EcoNex™ Technology, achieving up to 25% thermal efficiency and a 15% weight reduction, which helps businesses lower costs while maintaining performance [5] - The EcoNex Technology Cost Savings Calculator provides fleet owners with real-time metrics on energy efficiency and cost savings, demonstrating financial benefits over time [5] Dealer Partnerships - Wabash's network expansions strengthen partnerships with dealers, enabling them to provide tailored solutions and reduced lead times to customers [4][5] - Dealers express that Wabash's expanded services enhance their ability to deliver comprehensive experiences to fleet owners, meeting the demand for quick access to upfit and ready-to-mount services [5]

Core Insights - Wabash National Corporation (NYSE: WNC) recently reported its Q4 results, prompting a detailed analysis of the company's performance in 2024 [1] Financial Performance - The company has a long-term investment horizon, typically focusing on a 5-10 year timeframe [1] - The investment strategy emphasizes a portfolio mix of growth, value, and dividend-paying stocks, with a particular inclination towards value stocks [1] - The company occasionally engages in options trading as part of its investment strategy [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________ Commission File Number: 001-10883 WABASH NATIONAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 52-1375208 (Stat ...

Core Insights - Wabash has acquired TrailerHawk.ai to enhance its Trailers as a Service (TaaS) offering, focusing on improving freight security, visibility, and operational efficiency for logistics providers [1][3][5] Company Overview - Wabash is a leading provider of solutions that optimize supply chains across transportation, logistics, and infrastructure markets, headquartered in Lafayette, Indiana [8][10] - The company combines physical and digital technologies to deliver innovative, end-to-end solutions [8][10] Acquisition Details - The acquisition of TrailerHawk.ai brings its Founder and CEO Brett Suma to Wabash, who will lead the development and scaling of TaaS and TrailerHawk.ai solutions [1][4] - TrailerHawk.ai specializes in advanced cargo security and smart access management technologies, which will be integrated into Wabash's TaaS program [1][3] Benefits of Integration - The integration of TrailerHawk.ai's technology provides logistics providers with superior cargo security, real-time visibility, and data-driven insights [3][5] - Wabash's TaaS program offers a flexible trailer subscription model, including on-demand trailer pools and national maintenance support [2][9] Strategic Commitment - The acquisition reinforces Wabash's commitment to merging physical and digital technologies, creating connected ecosystems that enhance supply chain efficiency and reliability [5][6] - Wabash aims to reshape freight movement across North America and address pressing logistics challenges through innovative solutions [5][6]

Fourth Quarter 2024 Earnings Release Changing How the World Reaches You® January 29, 2025 Safe Harbor Statement & Non-GAAP Financial Measures CEO Highlights This presentation contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey Wabash National Corporation's (the "Company") current expectations or forecasts of future events. All statements contained in this presentation other than statements of historical fact are fo ...

Financial Performance - For Q4 2024, net sales were $416.8 million, with an operating income of $3.6 million, representing 0.9% of sales[3] - Full year 2024 revenue totaled $1.95 billion, with a net loss attributable to common stockholders of $284.1 million, or $(6.40) per diluted share[3] - Net sales for Q4 2024 were $416.8 million, a decrease of 30.1% compared to $596.1 million in Q4 2023[26] - Gross profit for Q4 2024 was $42.96 million, down 60.3% from $108.22 million in Q4 2023[26] - The company reported a net loss of $283.08 million for the year ended December 31, 2024, compared to a net income of $231.86 million for the year ended December 31, 2023[28] - Total net external sales for 2024 were $1,946,740, a decrease of 23% from $2,536,500 in 2023[32] - Gross profit for 2024 was $265,072, compared to $498,187 in 2023, reflecting a 47% decrease[32] - Adjusted operating income for 2024 was $93,896, significantly lower than $311,949 in 2023, indicating a 70% drop[34] - Free cash flow for 2024 was $38,136, down from $215,863 in 2023, a decline of 82%[39] - Adjusted EBITDA for 2024 was $162,674, compared to $369,303 in 2023, a decrease of 56%[36] - The adjusted operating income margin for 2024 was 4.8%, down from 15.7% in 2023[34] - Income (loss) from operations for 2024 was $(356,104), compared to $311,949 in 2023, a significant negative swing[32] - The company reported a net loss attributable to common stockholders of $(284,071) for 2024, compared to a profit of $231,252 in 2023[37] Sales and Backlog - Total company backlog as of December 31, 2024, was approximately $1.2 billion, with $813 million expected to be shipped within the next 12 months, an increase of over $100 million from the prior quarter[4] - Transportation Solutions' net sales for Q4 2024 were $370.5 million, a decrease of 32.3% compared to the prior year quarter[10] - Parts & Services' net sales for Q4 2024 were $48.6 million, a decrease of 12.0% compared to the prior year quarter[11] - Units shipped for new trailers in Q4 2024 were 6,770, a decrease of 32.8% from 10,075 units in Q4 2023[30] - New trailers shipped in 2024 totaled 32,100 units, down from 44,450 units in 2023, representing a 28% decline[32] - The company shipped 14,255 new truck bodies in 2024, a decrease from 16,070 in 2023, representing an 11% decline[32] Operational Metrics - Adjusted EBITDA for Q4 2024 was $21.1 million, or 5.1% of net sales, while full year adjusted EBITDA was $162.7 million, or 8.4% of net sales[3] - Adjusted operating income for Q4 2024 was $3.59 million, a significant decline from $61.10 million in Q4 2023[30] - Income from operations for Transportation Solutions decreased to $17,942 in Q4 2024 from $74,593 in Q4 2023, representing a decline of approximately 76%[42] - Adjusted segment EBITDA for Transportation Solutions was $31,756 in Q4 2024, down from $85,817 in Q4 2023, indicating a decrease of about 63%[42] - Adjusted segment EBITDA margin for Transportation Solutions fell to 8.6% in Q4 2024 from 15.7% in Q4 2023[42] - For the twelve months ended December 31, 2024, income from operations for Transportation Solutions was $148,277, a decrease from $366,928 in 2023, reflecting a decline of approximately 60%[42] - Adjusted segment EBITDA for the twelve months ended December 31, 2024, was $197,746, down from $407,606 in 2023, a decrease of about 51%[42] - Adjusted segment EBITDA margin for the twelve months ended December 31, 2024, decreased to 11.3% from 17.4% in 2023[42] Assets and Liabilities - Total assets increased to $1.41 billion in 2024 from $1.36 billion in 2023, reflecting a growth of 3.9%[24] - Total liabilities rose significantly to $1.22 billion in 2024, up from $812.72 million in 2023, marking an increase of 50.4%[24] Future Outlook - The company has issued guidance for 2025 with sales expected in the range of $1.9 billion to $2.1 billion, and earnings per diluted share of $0.85 to $1.05[6] - The company anticipates stronger performance in 2025 from Truck Bodies and Parts & Services, which typically convert orders to revenue quickly[8] - The company views 2025 as a transitional year, aiming to improve market conditions and enhance customer value through its expanding portfolio[8] Leadership and Strategic Initiatives - Recent leadership additions are expected to strengthen the company's culture and facilitate more rapid strategic advancement[7]

Core Insights - Wabash reported a net sales of $416.8 million for Q4 2024, with a full year revenue of $1.95 billion, indicating a challenging financial year with significant losses [2][9] - The company experienced a net loss attributable to common stockholders of $1.0 million in Q4 2024 and $284.1 million for the full year [2][9] - Adjusted EBITDA for Q4 2024 was $21.1 million, representing 5.1% of net sales, while the full year adjusted EBITDA was $162.7 million, or 8.4% of net sales [2][9] Financial Performance - For Q4 2024, operating income was $3.6 million, or 0.9% of sales, compared to a much higher operating income of $61.1 million in Q4 2023 [2][26] - The full year operating loss was $356.1 million, contrasting with an operating income of $311.9 million in 2023 [2][26] - The company’s adjusted net income for the full year was $54.7 million, or $1.22 per diluted share, compared to a net loss of $284.1 million, or $(6.40) per diluted share in 2024 [2][9] Backlog and Future Outlook - Total company backlog as of December 31, 2024, was approximately $1.2 billion, with $813 million expected to be shipped within the next 12 months, reflecting a sequential increase [3][6] - The company anticipates sales for the full year ending December 31, 2025, to be in the range of $1.9 billion to $2.1 billion, with a midpoint of $2.0 billion [5][6] - Wabash expects customer orders to be more evenly distributed throughout 2025, with a focus on Truck Bodies and Parts & Services segments for stronger performance [6][9] Segment Performance - Transportation Solutions segment reported net sales of $370.5 million in Q4 2024, a decrease of 32.3% compared to the prior year quarter [10][11] - Parts & Services segment net sales were $48.6 million in Q4 2024, down 12.0% from the previous year [11][10] - Units shipped for new trailers were 6,770 in Q4 2024, down from 10,075 in Q4 2023, while new truck bodies shipped were 3,010 compared to 4,075 in the prior year [8][30] Leadership and Strategic Direction - The company has made significant leadership additions in 2024, aiming to enhance its organizational culture and strategic advancement [4][9] - Wabash is focused on leveraging the intersection of physical and digital technologies to sustainably grow its recurring revenue base [4][9]