UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2020 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) (State of Incorporation) 1000 Sa ...

WABASH NATIONAL CORPORATION 2020 Q3 EARNINGS RELEASE WNC LISTED NYSE SAFE HARBOR STATEMENT & NON-GAAP FINANCIAL MEASURES 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 forward-looking statements. These forw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 Commission File Number: 001-10883 WABASH NATIONAL CORPORATION (Exact name of registrant as specified in its charter) 1000 Sagamore Parkway South (Address of Principal Executive Offices) (Zip Code) Lafayette Indiana 47905 Delaware 52-1375208 (State of Incorporation) (IRS Employer Iden ...

Wabash National Corporation (NYSE:WNC) Q2 2020 Results Earnings Conference Call July 29, 2020 10:00 AM ET Company Participants Ryan Reed - Director, Investor Relations Brent Yeagy - President and Chief Executive Officer Mike Pettit - Senior Vice President and Chief Financial Officer Conference Call Participants Justin Long - Stephens Ryan Sigdahl - Craig-Hallum Felix Boeschen - Raymond James Jeff Kauffman - Loop Capital Operator Good morning, ladies and gentlemen, and welcome to the Q2 2020 Wabash National ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 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) 1000 Sagamore Parkway South (Address ...

PART I [Business](index=4&type=section&id=Item%201.%20Business) Wabash National Corporation is an innovation leader in transportation and logistics solutions, operating three segments with a focus on innovation, optimization, and growth - Wabash National is a diversified industrial manufacturer with three reportable segments: Commercial Trailer Products (CTP), Diversified Products (DPG), and Final Mile Products (FMP)[17](index=17&type=chunk) - The company's strategic framework is built on three pillars: Innovation (leadership in new technologies), Optimization (margin enhancement via lean manufacturing and the Wabash Management System), and Growth (expanding the Final Mile platform and commercializing new composite products)[24](index=24&type=chunk)[25](index=25&type=chunk) Backlog of Orders | Date | Backlog (in millions) | Change (YoY) | | :--- | :--- | :--- | | Dec 31, 2019 | $1,127 | -37.0% | | Dec 31, 2018 | $1,788 | N/A | - As of December 31, 2019, the company had approximately **6,900** full-time employees, a decrease from **7,100** in 2018. The majority of active employees were non-union[70](index=70&type=chunk) - The five largest customers accounted for approximately **27%** of aggregate net sales in 2019, up from **25%** in 2018. No single customer accounted for more than **10%** of net sales[52](index=52&type=chunk) - The company holds or has applied for **159** U.S. patents and **193** foreign patents, with a significant portfolio related to its proprietary DuraPlate® composite panel technology, which has been used in nearly **800,000** trailers sold through December 2019[62](index=62&type=chunk)[37](index=37&type=chunk) [Risk Factors](index=13&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from the cyclical truck trailer industry, trade policy, raw material costs, supplier reliance, and potential goodwill impairment - The truck trailer manufacturing industry is highly cyclical, with customer replacement cycles running from five to 12 years. Economic downturns have historically led to reduced demand and production slowdowns[79](index=79&type=chunk)[80](index=80&type=chunk) - Changes in U.S. trade policy, particularly tariffs on foreign goods like steel and aluminum, have caused and may continue to cause price increases and volatility for domestically sourced raw materials, which the company may not be able to pass on to customers[84](index=84&type=chunk) - The company relies on a limited number of suppliers for key components and raw materials. Shortages, allocations, or price volatility from these suppliers could adversely affect operations and margins[86](index=86&type=chunk)[88](index=88&type=chunk) - A significant portion of goodwill and intangible assets is concentrated in the Final Mile Products (**62%**) and Diversified Products (**37%**) segments. An impairment in the carrying value of these assets, potentially triggered by declining profitability or economic weakness, could negatively affect operating results[112](index=112&type=chunk) - The company faces risks related to its substantial indebtedness of approximately **$461.0 million** as of December 31, 2019. This debt could limit financial flexibility, increase vulnerability to economic downturns, and impact the ability to fund operations or pay dividends[118](index=118&type=chunk)[119](index=119&type=chunk) [Unresolved Staff Comments](index=21&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that there are no unresolved staff comments - None[138](index=138&type=chunk) [Properties](index=22&type=section&id=Item%202.%20Properties) Wabash National operates manufacturing and retail facilities across the United States, Mexico, and the United Kingdom, with major locations supporting all segments - The company has major manufacturing facilities in several U.S. states, Mexico, and the United Kingdom. Properties owned by Wabash are subject to security interests held by its lenders[140](index=140&type=chunk) [Legal Proceedings](index=22&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in various legal proceedings and environmental disputes, none of which are expected to have a material adverse effect on its financial condition - The company is a potentially responsible party (PRP) in an environmental dispute concerning the Philip Services Site in South Carolina, related to manifest entries from 1989. The potential settlement payment is considered immaterial[142](index=142&type=chunk) - On November 13, 2019, the company received a PRP notice from the Indiana Department of Environmental Management for a site near its Lafayette properties. The company does not expect this matter to have a material adverse effect[143](index=143&type=chunk)[144](index=144&type=chunk) [Mine Safety Disclosures](index=23&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not Applicable[145](index=145&type=chunk) PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=23&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Wabash National's common stock trades on the NYSE, with a reinstated quarterly dividend and an active share repurchase program - The company's common stock is traded on the New York Stock Exchange under the ticker symbol 'WNC'[146](index=146&type=chunk) - A dividend program was reinstated in December 2016, with regular quarterly cash dividends paid to common stockholders[147](index=147&type=chunk) Q4 2019 Share Repurchases | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Program | Remaining Authorization ($ in millions) | | :--- | :--- | :--- | :--- | :--- | | October 2019 | 75,090 | $13.40 | 68,547 | $79.1 | | November 2019 | 126,476 | $15.72 | 126,476 | $77.1 | | December 2019 | 515,291 | $15.64 | 512,438 | $69.1 | | **Total Q4 2019** | **716,857** | **$15.42** | **707,461** | **$69.1** | [Selected Financial Data](index=25&type=section&id=Item%206.%20Selected%20Financial%20Data) This section presents selected consolidated financial data for the five-year period ending December 31, 2019, including net sales of **$2.32 billion** and net income of **$89.6 million** for fiscal year 2019 Selected Financial Data (2017-2019) | Metric (in thousands, except per share) | 2019 | 2018 | 2017 | | :--- | :--- | :--- | :--- | | **Net sales** | $2,319,136 | $2,267,278 | $1,767,161 | | **Gross profit** | $306,382 | $283,651 | $260,875 | | **Income from operations** | $142,786 | $110,987 | $130,816 | | **Net income** | $89,575 | $69,421 | $111,422 | | **Diluted net income per common share** | $1.62 | $1.19 | $1.78 | | **Total assets** | $1,304,591 | $1,304,393 | $1,351,513 | | **Total debt and finance leases** | $456,091 | $505,911 | $551,413 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The company saw increased net sales and improved profitability in 2019, driven by its Final Mile Products segment, while maintaining a balanced capital allocation strategy [Results of Operations](index=46&type=section&id=Results%20of%20Operations) In 2019, net sales increased, driven by Final Mile Products, while gross profit and margin improved, leading to higher operating income Net Sales by Segment (2019 vs 2018) | Segment | 2019 Sales ($M) | 2018 Sales ($M) | Change (%) | | :--- | :--- | :--- | :--- | | Commercial Trailer Products | $1,521.5 | $1,536.9 | (1.0)% | | Diversified Products | $384.5 | $394.0 | (2.4)% | | Final Mile Products | $441.9 | $358.2 | 23.4% | | **Total (after eliminations)** | **$2,319.1** | **$2,267.3** | **2.3%** | Gross Profit by Segment (2019 vs 2018) | Segment | 2019 Gross Profit ($M) | 2018 Gross Profit ($M) | Change (%) | | :--- | :--- | :--- | :--- | | Commercial Trailer Products | $177.2 | $168.3 | 5.3% | | Diversified Products | $74.6 | $68.4 | 9.0% | | Final Mile Products | $57.8 | $48.8 | 18.5% | | **Total (after eliminations)** | **$306.4** | **$283.7** | **8.0%** | - Gross margin increased to **13.2%** in 2019 from **12.5%** in 2018. The Diversified Products segment saw a **200 basis point** margin improvement, primarily due to the divestiture of the low-margin AVTE business[191](index=191&type=chunk)[192](index=192&type=chunk) - There was no impairment expense in 2019, compared to a **$25.0 million** impairment charge in 2018 related to the AVTE business[199](index=199&type=chunk) [Liquidity and Capital Resources](index=50&type=section&id=Liquidity%20and%20Capital%20Resources) As of December 31, 2019, the company maintained strong liquidity and reduced total debt, with robust operating cash flow supporting its capital allocation strategy - Cash provided by operating activities totaled **$146.3 million** in 2019, a significant increase from **$112.5 million** in 2018[233](index=233&type=chunk) - Financing activities used **$101.6 million** in 2019, primarily for principal payments on the Term Loan (**$50.5 million**), common stock repurchases (**$33.7 million**), and dividends (**$17.8 million**)[237](index=237&type=chunk) - Total liquidity (cash on hand plus available borrowing capacity) was **$308.1 million** at year-end 2019[238](index=238&type=chunk)[221](index=221&type=chunk) Contractual Obligations as of Dec 31, 2019 (in thousands) | Obligation | Total | Due in 2020 | 2021-2022 | 2023-2024 | Thereafter | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Debt | $460,980 | $361 | $135,619 | $0 | $325,000 | | Operating Leases | $15,962 | $4,986 | $7,028 | $2,706 | $1,242 | | Purchase Commitments | $83,922 | $83,922 | $0 | $0 | $0 | | Chassis Agreements | $13,473 | $13,473 | $0 | $0 | $0 | [Significant Accounting Policies and Critical Accounting Estimates](index=60&type=section&id=Significant%20Accounting%20Policies%20and%20Critical%20Accounting%20Estimates) Critical accounting estimates include warranties, legal contingencies, and asset impairment, with goodwill for Final Mile Products showing a narrow fair value margin, indicating future impairment risk - Goodwill is a critical accounting estimate, with **$167.7 million** allocated to the Final Mile Products (FMP) segment and **$140.7 million** to the Diversified Products (DPG) segment as of December 31, 2019[256](index=256&type=chunk) - An interim goodwill impairment test for the FMP reporting unit as of December 31, 2019, indicated its fair value exceeded its carrying value by only **approximately 3%**, highlighting a risk of future impairment[257](index=257&type=chunk) - The FMP goodwill valuation is sensitive to key assumptions: a **100 basis point** decrease in EBITDA margin would have resulted in a **~$19.5 million** impairment, and a **50 basis point** increase in the discount rate would have caused a **~$5.0 million** impairment[258](index=258&type=chunk) - Subsequent to year-end, a decline in the company's market capitalization was identified as a potential indicator of impairment, which will be monitored[259](index=259&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from commodity price fluctuations, interest rate changes on floating-rate debt, and foreign exchange rates, with commodity risk being significant - The company is exposed to commodity price risk for materials like aluminum, steel, and lumber. A hypothetical **100 basis-point** change in prices would change cost of goods sold by approximately **$8.4 million** over one year, based on purchase commitments of **$83.9 million**[263](index=263&type=chunk) - The company has interest rate risk from its **$135.2 million** in floating-rate debt under the Term Loan Credit Agreement. A hypothetical **100 basis-point** change in the floating rate would change annual interest expense by approximately **$1.4 million**[264](index=264&type=chunk) - Foreign exchange rate risk from the British pound sterling and Mexican peso is considered to have an immaterial impact on results of operations[265](index=265&type=chunk)[266](index=266&type=chunk) [Financial Statements and Supplementary Data](index=40&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for fiscal year 2019, including balance sheets, income statements, cash flows, and detailed notes Consolidated Statement of Operations Highlights (Year Ended Dec 31) | Metric (in thousands) | 2019 | 2018 | 2017 | | :--- | :--- | :--- | :--- | | Net Sales | $2,319,136 | $2,267,278 | $1,767,161 | | Gross Profit | $306,382 | $283,651 | $260,875 | | Income from Operations | $142,786 | $110,987 | $130,816 | | Net Income | $89,575 | $69,421 | $111,422 | Consolidated Balance Sheet Highlights (As of Dec 31) | Metric (in thousands) | 2019 | 2018 | | :--- | :--- | :--- | | Total Current Assets | $541,389 | $549,419 | | Total Assets | $1,304,591 | $1,304,393 | | Total Current Liabilities | $259,378 | $271,676 | | Total Liabilities | $783,603 | $830,544 | | Total Stockholders' Equity | $520,988 | $473,849 | Consolidated Statement of Cash Flows Highlights (Year Ended Dec 31) | Metric (in thousands) | 2019 | 2018 | 2017 | | :--- | :--- | :--- | :--- | | Net cash provided by operating activities | $146,284 | $112,471 | $144,379 | | Net cash used in investing activities | ($36,860) | ($13,173) | ($332,240) | | Net cash (used in) provided by financing activities | ($101,598) | ($158,129) | $215,915 | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=70&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on any matter of accounting principles or practices, or financial statement disclosure - None[419](index=419&type=chunk) [Controls and Procedures](index=70&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and internal control over financial reporting were effective as of December 31, 2019, with an unqualified opinion from Ernst & Young LLP - Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2019[420](index=420&type=chunk) - Management assessed the effectiveness of internal control over financial reporting based on the COSO 2013 framework and concluded it was effective as of December 31, 2019[426](index=426&type=chunk) - Ernst & Young LLP issued an unqualified opinion on the company's internal control over financial reporting as of December 31, 2019[429](index=429&type=chunk) [Other Information](index=72&type=section&id=Item%209B.%20Other%20Information) The company reports no other information for this item - None[436](index=436&type=chunk) PART III [Directors, Executive Officers and Corporate Governance](index=73&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the company's 2020 Proxy Statement, including its Code of Business Conduct and Ethics - Information regarding directors, executive officers, and corporate governance is incorporated by reference from the company's upcoming Proxy Statement[437](index=437&type=chunk)[438](index=438&type=chunk) - The company has adopted a Code of Business Conduct and Ethics for its senior financial officers, available on its website[439](index=439&type=chunk) [Executive Compensation](index=73&type=section&id=Item%2011.%20Executive%20Compensation) Information regarding executive and director compensation is incorporated by reference from the company's 2020 Proxy Statement - Information regarding executive compensation is incorporated by reference from the company's upcoming Proxy Statement[440](index=440&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=73&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership and equity compensation plans is incorporated by reference from the company's 2020 Proxy Statement - Information regarding security ownership and equity compensation plans is incorporated by reference from the company's upcoming Proxy Statement[441](index=441&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=73&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information regarding related person transactions and director independence is incorporated by reference from the company's 2020 Proxy Statement - Information regarding related transactions and director independence is incorporated by reference from the company's upcoming Proxy Statement[442](index=442&type=chunk) [Principal Accountant Fees and Services](index=73&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information regarding principal accountant fees and services is incorporated by reference from the company's 2020 Proxy Statement - Information regarding principal accountant fees and services is incorporated by reference from the company's upcoming Proxy Statement[443](index=443&type=chunk) PART IV [Exhibits and Financial Statement Schedules](index=73&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) All required financial statements are included in Item 8, with an Exhibit Index listing all filed or incorporated exhibits - All required financial statements are included in Item 8. An Exhibit Index lists all exhibits filed with or incorporated by reference into the Annual Report[444](index=444&type=chunk) [Form 10-K Summary](index=74&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports no summary for this item - None[446](index=446&type=chunk)

PART I – FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Wabash National Corporation as of September 30, 2019, and for the three and nine-month periods then ended, including balance sheets, statements of operations, comprehensive income, cash flows, and stockholders' equity, along with accompanying notes [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2019, total assets increased to **$1.38 billion** from **$1.30 billion** at year-end 2018, primarily driven by a significant rise in inventories, while total liabilities grew to **$863.5 million** and total stockholders' equity increased to **$515.1 million** Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2019 (Unaudited) | Dec 31, 2018 | | :--- | :--- | :--- | | **Total current assets** | $621,386 | $549,419 | | Inventories | $274,273 | $184,404 | | **Total assets** | **$1,378,603** | **$1,304,393** | | **Total current liabilities** | $325,662 | $271,676 | | Long-term debt | $475,122 | $503,018 | | **Total liabilities** | **$863,545** | **$830,544** | | **Total stockholders' equity** | **$515,058** | **$473,849** | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the third quarter of 2019, net sales increased to **$580.9 million** from **$553.1 million** year-over-year, leading to a significant rise in net income to **$25.5 million**, and for the nine-month period, net sales grew to **$1.74 billion** with net income increasing to **$71.2 million** Statement of Operations Summary (in thousands, except per share amounts) | Metric | Q3 2019 | Q3 2018 | Nine Months 2019 | Nine Months 2018 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $580,908 | $553,073 | $1,740,135 | $1,657,082 | | **Gross profit** | $77,735 | $65,162 | $234,075 | $214,595 | | **Income from operations** | $38,269 | $16,513 | $111,005 | $88,209 | | **Net income** | $25,460 | $4,664 | $71,200 | $57,837 | | **Diluted EPS** | $0.46 | $0.08 | $1.28 | $0.98 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2019, net cash from operating activities was **$76.2 million**, an increase from **$56.7 million** in the prior year period, while investing activities used **$21.5 million** and financing activities used **$66.6 million** Cash Flow Summary (Nine Months Ended Sep 30, in thousands) | Activity | 2019 | 2018 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $76,218 | $56,684 | | **Net cash (used in) provided by investing activities** | ($21,459) | $491 | | **Net cash used in financing activities** | ($66,576) | ($138,957) | | **Net decrease in cash** | ($11,817) | ($81,782) | | **Cash at end of period** | $120,873 | $109,739 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed information on accounting policies and financial items, including the adoption of the new lease standard, revenue recognition policies, debt structure, segment performance, and details on the share repurchase program - The company adopted the new lease standard (ASU 2016-2) on January 1, 2019, resulting in the recording of Right-of-Use (ROU) assets and lease liabilities of **$9.9 million**[23](index=23&type=chunk) - Revenue is primarily recognized upon transfer of control of products (trailers, equipment, parts) to the customer, with performance obligations identified as the sale of trailers/equipment, replacement parts, and service work[24](index=24&type=chunk)[25](index=25&type=chunk) - The company's Board of Directors authorized an additional **$100 million** for its stock repurchase program in November 2018, with **$80.0 million** remaining available as of September 30, 2019[77](index=77&type=chunk) Segment Net Sales and Operating Income (Nine Months Ended Sep 30, 2019, in thousands) | Segment | Total Net Sales | Income from Operations | | :--- | :--- | :--- | | Commercial Trailer Products | $1,122,253 | $102,742 | | Diversified Products | $289,855 | $24,138 | | Final Mile Products | $349,170 | $15,718 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the financial results, highlighting a **5.0% increase** in net sales for both the third quarter and first nine months of 2019, primarily driven by the Final Mile Products segment, with improved gross profit margin due to pricing efforts and operational efficiencies, while maintaining a strong liquidity position and balanced capital allocation strategy [Results of Operations](index=30&type=section&id=Results%20of%20Operations) For Q3 2019, net sales rose **5.0%** to **$580.9 million**, and gross margin increased to **13.4%** from **11.8%** year-over-year, driven by strong performance in the Final Mile Products segment and pricing actions, with total net sales for the nine-month period also growing **5.0%** to **$1.74 billion** Net Sales by Segment - Q3 Change (in thousands) | Segment | Q3 2019 Sales | Q3 2018 Sales | Change (%) | | :--- | :--- | :--- | :--- | | Commercial Trailer Products | $380,344 | $368,342 | 3.3% | | Diversified Products | $93,181 | $102,361 | (9.0)% | | Final Mile Products | $113,504 | $87,049 | 30.4% | | **Total** | **$580,908** | **$553,073** | **5.0%** | Gross Profit by Segment - Q3 Change (in thousands) | Segment | Q3 2019 Gross Profit | Q3 2018 Gross Profit | Change (%) | | :--- | :--- | :--- | :--- | | Commercial Trailer Products | $43,960 | $39,137 | 12.3% | | Diversified Products | $18,042 | $17,018 | 6.0% | | Final Mile Products | $16,763 | $8,954 | 87.2% | | **Total** | **$77,735** | **$65,162** | **19.3%** | - The increase in Final Mile Products segment sales was driven by a **16.8% increase** in truck body unit shipments in Q3, attributable to improved chassis availability and strong market demand[95](index=95&type=chunk) - For the nine months ended Sep 30, 2019, total net sales increased **5.0%** to **$1.74 billion**, with the Final Mile Products segment growing **23.1%** to **$349.2 million**[111](index=111&type=chunk)[115](index=115&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2019, the company had a strong liquidity position of **$288.1 million**, with a debt-to-equity ratio of approximately **0.9:1.0**, and during the first nine months of 2019, it made **$30.0 million** in voluntary debt prepayments, paid **$13.4 million** in dividends, and repurchased **$20.0 million** of stock, with an order backlog of **$0.8 billion** - The company's liquidity position was **$288.1 million** as of September 30, 2019, with a debt-to-equity ratio of approximately **0.9:1.0**[131](index=131&type=chunk)[153](index=153&type=chunk) - Capital allocation in the first nine months of 2019 included **$30.0 million** in voluntary prepayments on the Term Loan, **$13.4 million** in dividends, and **$20.0 million** in share repurchases[131](index=131&type=chunk) - The order backlog was **$0.8 billion** at September 30, 2019, a decrease from **$1.8 billion** at year-end 2018 and **$1.3 billion** at September 30, 2018[162](index=162&type=chunk) - Industry analysts (ACT and FTR) forecast continued healthy trailer demand, with 2019 production estimates around **326,000-329,700 units**, though a decrease is projected for 2020[163](index=163&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=45&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is exposed to market risks from commodity price fluctuations, interest rate changes, and foreign exchange rates, managing commodity risk through fixed-price contracts and derivatives, with a hypothetical **100 basis-point** change in floating interest rates impacting annual interest expense by approximately **$1.6 million**, while foreign exchange risk is considered immaterial - The company manages commodity price risk (aluminum, steel, etc.) through fixed-price contracts and financial derivatives, and as of Sep 30, 2019, it had **$60.6 million** in raw material purchase commitments[168](index=168&type=chunk) - A hypothetical **100 basis-point** change in the floating interest rate on its Term Loan Credit Agreement would change annual interest expense by approximately **$1.6 million**[170](index=170&type=chunk) [Controls and Procedures](index=46&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of September 30, 2019, with no material changes in internal control over financial reporting during the third quarter of 2019 - The Principal Executive Officer and Principal Financial Officer concluded that the Company's disclosure controls and procedures were effective as of September 30, 2019[172](index=172&type=chunk) - No changes occurred in the Company's internal control over financial reporting during Q3 2019 that have materially affected, or are reasonably likely to materially affect, these controls[173](index=173&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) The company refers to Note 11 of the financial statements for information on legal proceedings, notably the dismissal with prejudice of a putative class action lawsuit against its subsidiary, Supreme, and the subsequent appeal dismissal in September 2019 - The class action lawsuit filed against Supreme Corporation regarding projected backlog was dismissed with prejudice on March 29, 2019, and the plaintiffs' appeal was dismissed on September 24, 2019[71](index=71&type=chunk)[72](index=72&type=chunk) [Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2018 - The company directs investors to consider the risks described in its Annual Report on Form 10-K for the year ended December 31, 2018[175](index=175&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the third quarter of 2019, the company repurchased **590,256 shares** of its common stock for approximately **$8.8 million** under its publicly announced repurchase program, with **$80.0 million** remaining available for future repurchases as of September 30, 2019 Share Repurchases in Q3 2019 | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Program | Max Amount Remaining for Purchase ($ in millions) | | :--- | :--- | :--- | :--- | :--- | | July 1 - 31, 2019 | 244,030 | $15.49 | 244,030 | $85.0 | | August 1 - 31, 2019 | 0 | $— | 0 | $85.0 | | September 1 - 30, 2019 | 347,711 | $14.44 | 346,226 | $80.0 | | **Total** | **591,741** | **$14.87** | **590,256** | **$80.0** | - In November 2018, the Board approved an additional **$100 million** for the share repurchase program, which is set to expire on February 28, 2022[176](index=176&type=chunk) [Exhibits](index=47&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including officer certifications and financial data files formatted in iXBRL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2019 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) 1000 Sagamore Parkway South (Address ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2019 OR ¨ TRANSITION REPORT UNDER 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 (State of Incorporation) 1000 Sagam ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 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 Common Stock, $.01 Par Value New York Stock Exchange Title of each class Name of ...