Wabash National Corporation Three Months Ended June 30, 2024 2023 Units Shipped New trailers 9,245 11,825 New truck bodies 3,925 4,025 Used trailers 20 15 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|-------|-----------|-------|------------|-------|--------------|-------|--------------| | Three Months Ended June 30, \n2024 | | Solutions | Parts | & Services | | Eliminations | | Consolidated | | New Trailers | $ | 383,145 | $ | — | $ | (681) | $ | ...

LAFAYETTE, Ind., July 02, 2024 (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 second quarter 2024 on Wednesday, July 24, 2024 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, confer ...

LAFAYETTE, Ind., July 02, 2024 (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 second quarter 2024 on Wednesday, July 24, 2024 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, confer ...

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, 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 (State of Incorpor ...

Financial Data and Key Metrics Changes - In Q1 2024, consolidated revenue was $515 million, with net income attributable to common stockholders at $18.2 million, or $0.39 per diluted share [25][26] - Gross margin was 14.8% of sales, while operating margin was 5.7% [26] - Operating EBITDA for the quarter was $46 million, or 8.8% of sales [26] Business Line Data and Key Metrics Changes - Transportation Solutions generated revenue of $470 million with an operating income of $44 million [27] - Parts and Services generated revenue of $49 million and operating income of $10.5 million [27] - Year-to-date operating cash was an outflow of $17 million, typical for Q1 [27] Market Data and Key Metrics Changes - At the end of Q1, the company had a backlog of $1.8 billion, with $1.5 billion expected to be shipped in the next 12 months [20] - The company noted a challenging freight environment but observed leading indicators like the ISM index rising above 50, indicating potential expansion in manufacturing [17] Company Strategy and Development Direction - The company is enhancing its network with 78 dealer locations and launched the Wabash Marketplace to deliver customer-centric solutions [7][8] - The focus is on developing a comprehensive digital platform to streamline the supply chain experience and improve access to parts and services [9][10] - The company is investing in strategic growth initiatives during a down year in the trailer industry, emphasizing resilience in its portfolio [11][12] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about improvements in the freight market, citing a reduction in capacity and positive macroeconomic indicators [18][19] - The company reiterated its full-year 2024 guidance of $2.3 billion in revenue and a midpoint EPS of $2.25, supported by a stable backlog [21][30] - Management highlighted the importance of employee engagement and a culture of continuous improvement to enhance financial performance [13][16] Other Important Information - The company invested $19 million in capital projects, repurchased $16 million in shares, and paid $4.2 million in dividends during Q1 [28][29] - The anticipated capital expenditures for 2024 are between $75 million and $85 million to support strategic growth initiatives [32] Q&A Session Summary Question: Was the pickup and logistical issue an industry-wide phenomenon? - Management confirmed that the delays in customer pickups were a normal industry issue, particularly during a down year for dry vans [36][37] Question: How should Trailer as a Service be modeled? - Management explained that it will show up as a lease-type expense, with monthly revenue and associated expenses reflected in cash flow statements [38][39] Question: What needs to improve in the market for orders to increase? - Management indicated that improvements are already occurring, with gross manufacturing activity and capacity leaving the market [40][41] Question: Can you quantify the delayed pickups in Q1? - Management noted that the disconnect in guidance was largely due to delayed pickups, with expectations for a catch-up in Q2 [44][45] Question: What is the expected cadence of operating margins for the year? - Management expects operating margins to improve as revenue increases, particularly from Parts and Services in the second half of the year [49][50] Question: What is the outlook for truck bodies and tank trailers? - Management anticipates year-over-year growth in truck bodies, while tank trailers are expected to see less of a pullback compared to dry vans [52][53] Question: What is the sustainability of the strong margins in Parts & Services? - Management stated that while Q1 margins were strong, they would not guide above 20% for the future, maintaining a high-teens to 20% range [63][64]

| --- | --- | |------------------------------------------------------------------------------------------|-------| | | | | | | | | | | April 24, 2024 First Quarter 2024 Earnings Release Changing How the World Reaches You ® | | 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 ...

Media Contact: Dana Stelsel Director, Communications (765) 771-5766 dana.stelsel@onewabash.com Investor Relations: Ryan Reed VP, Corporate Development, IR and FP&A (765) 490-5664 ryan.reed@onewabash.com Wabash Announces First Quarter 2024 Results LAFAYETTE, Ind. – April 24, 2024 – Wabash (NYSE: WNC), the innovation leader of connected solutions for the transportation, logistics and distribution industries, today reported results for the quarter ended March 31, 2024. The Company's net sales for the first qua ...

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, 2023 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 Indic ...

Financial Performance and Key Metrics - In Q4 2023, the company achieved earnings per share (EPS) of $1.07, bringing the full year EPS to $4.81, which surpassed the 2025 EPS goal set in 2022 by 39% [12][15] - Consolidated revenue for Q4 was $596 million, with a gross margin of 18.2% and an operating margin of 10.3%, representing year-over-year improvements of 380 basis points and 150 basis points respectively [18] - Operating EBITDA for Q4 was $76.8 million, or 12.9% of sales, which was a 230 basis point improvement compared to the same quarter last year [18] - The company generated free cash flow of $100 million in Q4 and $216 million for the full year, despite investing over $100 million in capital expenditures [19][21] Business Segment Performance - Transportation Solutions generated revenue of $547 million with an operating income of $74.6 million, or 13.6% of sales [19] - Parts and Service generated revenue of $55.2 million and operating income of $10.1 million, or 18.4% of sales [19] - The company expects Parts and Services to grow revenue by 20% in 2024, contributing to a broader base of recurring revenue [23] Market Conditions and Backlog - The 12-month backlog increased to $1.6 billion due to new order activity in Q4 [13] - The company anticipates a recovery in the transportation market, with expectations that the freight downcycle will not last through all of 2024 [14] - The company is preparing for a potential market improvement in 2025 and beyond, leveraging its backlog and operational capabilities [16] Strategic Direction and Industry Competition - The company emphasizes a customer-centric transformation, enhancing connections with customers and partners to drive growth [5][9] - Strategic partnerships with HTI and the Fernweh Group are aimed at growing recurring revenue within the transportation ecosystem [6] - The company is focused on maintaining headcount to better respond to future demand increases, which is expected to mitigate short-term costs [40][42] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of financial performance despite a moderation in 2024 guidance, projecting revenue between $2.2 billion and $2.4 billion [15][23] - The company is optimistic about the economic environment, citing a strong labor market and cooling inflation as factors supporting a potential economic soft landing [13] - Management believes that the company is well-positioned to capitalize on market improvements anticipated in 2025 and beyond [16][27] Other Important Information - The company has made significant changes in leadership roles to enhance operational focus and strategic execution [11] - Capital expenditures for 2024 are expected to be between $70 million and $80 million, with a focus on supporting strategic growth initiatives [26] Q&A Session Summary Question: Outlook for trailer production in 2024 - Management acknowledged that while trailer production is expected to decline, they see signs of market recovery and are planning for a better 2025 [30] Question: Free cash flow outlook for 2024 - Management expects free cash flow to remain strong in 2024, with working capital levels likely to decrease due to lower revenue expectations [31][32] Question: Impact of headcount maintenance on costs - Management clarified that maintaining headcount is strategic to prepare for future demand, with minimal impact on margins [40][41] Question: ACT forecasts for trailer production - Management believes the ACT forecasts are generally accurate and reflective of market conditions [44] Question: Growth potential in Parts and Services - Management is confident in achieving $300 million in revenue by 2025 for the Parts and Services segment, despite a softer demand environment in 2024 [53]

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, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Securities registered pursuant to Section 12(b) of the Act: For the transition period from to Commission File Number: 001-10883 WABASH NATIONAL CORPORATION (Exact name of registrant as ...