Core Insights - Wabash recognizes 38 top suppliers with the 2024 Supplier Awards for excellence in supply chain performance [1][2] - Fastenal and Whiting Door are awarded the Pinnacle Award, the highest honor for supplier of the year [2][4] - The awards are based on criteria such as innovation, quality, delivery, cost, and service [2] Company Highlights - Fastenal operates over 3,600 locations in 25 countries, providing a wide range of industrial supplies and services [3] - Fastenal's approach combines local expertise, technology, and logistics to enhance customer supply chains [3] - Whiting Door, founded in 1953, specializes in manufacturing roll-up doors and has a strong reputation for quality and innovation [4] - Whiting Door has three manufacturing locations and emphasizes ISO-certified processes and continuous improvement [4] Supplier Relationships - Wabash emphasizes the importance of collaborative supplier relationships for delivering innovative solutions [3] - Fastenal's partnership with Wabash focuses on operational integration and driving efficiencies [5] - Whiting Door highlights a long-standing relationship with Wabash based on shared goals and customer service [5] Awards and Recognition - In addition to the Pinnacle Award, 29 companies received Platinum Awards for ongoing excellence in supply chain performance [5] - Distinguished Supplier Awards were given to companies for outstanding customer service and business responsiveness [7]

We cannot give assurance that the expectations reflected in our forward-looking statements will prove to be correct. Our actual results could differ materially from those anticipated in these forward-looking statements. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by the factors we disclose that could cause our actual results to differ materially from our expectations. In addition to disclosing financial results calculated in accordance with Un ...

Core Insights - Wabash reported a significant decline in net sales for Q1 2025, totaling $380.9 million, which is a 26.1% decrease compared to Q1 2024 [2] - The company recognized a $342 million gain related to a legal verdict reduction, resulting in a GAAP operating profit of $314.6 million, while the non-GAAP adjusted operating loss was $27.4 million [2][4] - Total backlog as of March 31, 2025, was approximately $1.2 billion, reflecting a 5% increase from the end of 2024 but a 32% decrease from Q1 2024 [3] Financial Performance - The gross profit for the quarter was $19.0 million, representing 5.0% of sales, a significant drop from previous periods [2][8] - GAAP diluted earnings per share (EPS) was reported at $5.36, while the non-GAAP adjusted EPS was $(0.58) [2][8] - The company has revised its full-year revenue outlook to approximately $1.8 billion and adjusted EPS guidance to a range of $(0.85) to $(0.35) [4] Business Segments - Transportation Solutions segment generated net sales of $346.8 million, a decrease of 26.3% year-over-year, with an operating loss of $9.8 million [9][10] - Parts & Services segment saw a net sales increase of 5.5% year-over-year, totaling $52.0 million, with an operating income of $6.9 million [10][9] Market Conditions - The company noted that tariff-related uncertainties have led customers to delay equipment investment decisions, impacting overall demand [5][4] - Despite the current challenges, the company anticipates a future demand catch-up due to an aging fleet that will require replacement [5] Operational Adjustments - The company has taken steps to align direct labor costs with market conditions following weaker-than-expected demand [4] - Wabash's manufacturing and supply base are primarily located in the U.S., which helps mitigate direct tariff impacts [5]