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]

Product Offerings and Innovation - Wabash National Corporation reported a diverse range of products including dry freight and refrigerated trailers, platform trailers, and tank trailers, contributing to its leadership in the transportation solutions market [15]. - The Parts & Services segment includes Trailers as a Service (TaaS), which combines trailer products with parts distribution and maintenance services, aiming for profitable growth [29]. - Wabash's EcoNex™ products are part of its Acutherm™ portfolio, designed for intelligent thermal management, showcasing its commitment to innovative solutions [28]. - The company operates in two segments: Transportation Solutions and Parts & Services, with a strong emphasis on product innovation and streamlined processes [26]. - The company is focused on diversifying its product offerings and expanding its parts and services segment to drive growth and profitability [107]. - The company is recognized for its innovative DuraPlate Cell Core technology, which reduces the weight of a conventional 53-foot trailer by 300 pounds [54]. - The DuraPlate AeroSkirt product is EPA Smartway verified and California Air Resource Board compliant, contributing to fuel efficiency improvements [80]. - The EcoNex Technology, a proprietary molded structural composite technology, is expected to enhance product offerings and market position [81]. Strategic Focus and Growth Initiatives - Wabash's strategic focus includes merging physical and digital technologies to create a connected ecosystem, enhancing customer-centric innovation and adaptability [30]. - The company aims to maintain strong customer relationships and attract new customers through its broad and innovative product lines and extensive dealer network [16]. - The company is focused on expanding its parts and services offerings as a key strategic initiative to drive growth in the market [29]. - The ongoing development of joint ventures, such as Wabash Parts with HTI, is expected to grow recurring revenue and stabilize sales cycles [31]. - The company is focused on strategic acquisitions to expand customer value and address critical pain points in the industry [31]. - The company continues to expand its customer base through acquisitions, organic growth, and product innovation, while maintaining relationships with core customers [72]. - The company’s strategic acquisition approach targets opportunities that enhance customer value and expand its ecosystem of partners [31]. Workforce and Diversity - The company has trained and certified over 200 facilitators in its Wabash Management System (WMS) as of December 2024, enhancing operational efficiency and employee engagement [24]. - In 2024, 61% of total hourly hires and 54% of total salaried hires were women and/or minorities, reflecting the company's commitment to diversity and inclusion [42]. - The company employs approximately 6,000 individuals, with nearly all being non-union as of December 31, 2024 [38]. - The company has implemented a holistic compensation philosophy aimed at attracting and retaining talent, which includes competitive pay and performance-based rewards [44]. Financial Performance and Market Conditions - The U.S. trucking industry is projected to be a $906 billion market in 2024, reflecting a decrease of approximately 4% from 2023 estimates [33]. - Total U.S. trailer production for 2024 is estimated at 235,000 units by ACT and 224,000 units by FTR, representing decreases of approximately 26.1% and 28.7% from 2023 levels, respectively [33]. - The company maintains a regular dividend that has been paid for the last eight consecutive years, supporting its capital allocation strategy [32]. - The company's 12-month backlog decreased by 49% to $813 million as of December 31, 2024, compared to $1,589 million in 2023 [79]. - Total backlog also decreased by 38% to $1,169 million from $1,895 million in the previous year [79]. - The largest customer accounted for 15% of aggregate net sales in 2024, down from 12% in 2023, while the top five customers represented approximately 42% of net sales in 2024 [72]. - Raw material costs as a percentage of net sales increased slightly in 2024 compared to 2023, with significant price fluctuations posing risks to operations [77]. - The company has a substantial amount of goodwill and intangible assets on its balance sheet, which are subject to impairment reviews [134]. Community Engagement and Corporate Responsibility - The company donated over $550,000 to nonprofit organizations in 2024, supporting various community initiatives [44]. - In 2024, approximately 20% of the company's workforce dedicated over 7,300 hours to volunteer work, supporting various community initiatives [47]. - The company processed over 49,000 pounds of food for distribution and wrapped over 600 holiday gifts for children [48]. - New community programs in 2024 included providing beds for newly housed veterans and funding a smart home for a disabled veteran [45]. - The company actively partners with nonprofit organizations to address issues such as youth advocacy, veteran support, and food insecurity [44]. Safety and Compliance - The OSHA Total Recordable Incident Rate (TRIR) for 2024 was 5.5, indicating the company's focus on workplace safety [41]. - The company emphasizes health and wellness programs to support employees' overall well-being and engagement [43]. - The Blueprint for Excellence program is used to assess and improve facility safety programs, serving as a leading indicator of safety culture [41]. - The company has received multiple safety awards from the Truck Trailer Manufacturers Association over the years, highlighting its commitment to workplace safety [43]. - The company is subject to extensive governmental regulations, and compliance failures could adversely affect financial performance [125]. Risks and Challenges - Economic conditions, including inflation and cyclical demand, significantly impact the company's business and financial performance [96][102]. - The company relies on a limited number of suppliers for raw materials, and disruptions in the supply chain could adversely affect operations and costs [103][104]. - The company is experiencing challenges in attracting and retaining qualified personnel, which may disrupt its ability to meet consumer demands [106]. - The company faces risks related to cybersecurity threats that could impact its operations and financial condition [101]. - The company’s ability to collect amounts owed may be affected by the liquidity issues faced by its customers in the credit and construction markets [97]. - Disruption in the supply of vehicle chassis from major suppliers like GM, Freightliner, International, and Ford could adversely affect the truck body product line [108]. - The company faces finance and storage charges for excess chassis supply, which could impact financial performance if deliveries are delayed [109]. - Intense competition in the specialized vehicle industry may lead to pricing pressures and affect the company's financial condition and cash flows [110]. Cybersecurity Measures - The company’s cybersecurity program is integrated into its overall enterprise risk management strategy, focusing on governance and risk identification [155]. - The Company has not experienced a material information security breach in the last three years [165]. - The Company has implemented a comprehensive third-party risk management program to mitigate risks associated with external vendors [159]. - The Company employs ongoing cybersecurity training and awareness practices for personnel, including monthly phishing simulations [160]. - The Board and Audit Committee receive regular updates on cybersecurity risks and incidents, ensuring timely management responses [162]. - The Company has developed a comprehensive incident response plan that is regularly tested and updated to address evolving threats [158]. - Cybersecurity threats have not materially affected the Company's business strategy, results of operations, or financial condition [166]. - The Company utilizes technical safeguards, including extensive encryption and intrusion detection systems, to protect its information systems [157]. - The Company has a cybersecurity risk insurance policy to enhance its threat response capabilities [158].

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]