NYSE$WNC
Wabash National Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Wabash National's third quarter performance was impacted by a significant non-cash charge related to a legal verdict, while the company managed costs and rebalanced demand against capacity needs.
Wabash National reported net sales of $464.0 million for Q3 2024, a 26.7% decrease compared to the previous year. The company faced a GAAP operating loss of $433.0 million due to a $450 million non-cash charge from a legal verdict. Non-GAAP adjusted EPS was $0.19. The company reduced its full-year revenue outlook to $1.95 billion and adjusted EPS guidance to $1.25.
- Q3 revenue was $464 million, within the prior outlook range.
- A $450 million non-cash charge was taken related to a legal verdict, which the company is evaluating legal options for.
- GAAP operating loss was $433 million, while non-GAAP adjusted operating income was $17.0 million.
- Total backlog stood at $1.0 billion, reflecting a 22% decrease compared to the second quarter of 2024.
Headline financials
Revenue & EPS history
Wabash National · Revenue · Quarterly
$464M
Revenue by segment
Wabash National · $583M total across 1 segment · Q3 2023
- Transportation$583M-4.7%100.0%
Forward guidance
The Company reduced its full-year revenue outlook to roughly $1.95 billion and reduced its Non-GAAP adjusted EPS guidance to approximately $1.25.
Tailwinds
- Industry volumes for dry van trailers should be reasonably similar to 2024.
- Expect to see improvement in parts & services.
- Expect to see improvement in truck body.
- Expect to see improvement in tank trailers.
- Wabash is well-positioned to capitalize on the next period of freight expansion.
Headwinds
- Customers continue to carefully manage their capital expenditure plans.
- Rebalancing demand against capacity needs.
- Reduced implied guidance for the fourth quarter.
- Missouri product liability action and the unfavorable jury verdict.
- Uncertain economic conditions including the possibility that customer demand may not meet our expectations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.3%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+1.6%
Avg return
30 days after
56%
36 / 64 earnings
Positive
+22.5%
Q3 2012
Best reaction
-30.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -10.6% | -8.7% | |
| Q4 2025 | -3.1% | -0.8% | -18.1% | |
| Q3 2025 | -2.2% | -2.8% | +4.3% | |
| Q1 2025 | -30.6% | -18.9% | -13.0% | |
| Q4 2024 | +4.3% | -2.2% | -25.1% | |
| Q3 2024 | +5.4% | +5.0% | +13.2% | |
| Q2 2024 | -9.0% | -7.9% | -13.3% | |
| Q1 2024 | -6.8% | -6.6% | -13.4% | |
| Q4 2023 | +10.6% | +5.0% | +6.2% | |
| Q3 2023 | +1.4% | +0.7% | +4.7% | |
| Q2 2023 | -9.9% | -4.3% | -10.3% | |
| Q1 2023 | +17.2% | +16.0% | +9.0% | |
| Q4 2022 | +11.4% | +10.4% | +6.3% | |
| Q3 2022 | +17.6% | +28.7% | +52.7% | |
| Q2 2022 | +7.7% | +14.8% | +10.6% | |
| Q1 2022 | +9.0% | +4.8% | +11.2% | |
| Q4 2021 | -10.7% | -15.3% | -11.8% | |
| Q3 2021 | +2.4% | +2.5% | +3.4% | |
| Q2 2021 | +1.1% | +2.2% | +9.7% | |
| Q1 2021 | -2.0% | -2.5% | -14.1% | |
| Q4 2020 | +3.3% | +6.7% | +10.6% | |
| Q3 2020 | +5.9% | +12.7% | +21.0% | |
| Q2 2020 | +7.5% | +0.2% | +7.2% | |
| Q1 2020 | +0.1% | +13.7% | +31.2% | |
| Q4 2019 | +6.0% | +4.6% | -27.0% | |
| Q3 2019 | +4.9% | +2.9% | +5.0% | |
| Q2 2019 | -2.1% | -3.6% | -12.6% | |
| Q1 2019 | -0.5% | +3.2% | -10.4% | |
| Q4 2018 | -5.8% | -5.3% | -0.2% | |
| Q3 2018 | +13.0% | +17.8% | +16.7% | |
| Q2 2018 | +1.2% | -1.0% | -2.1% | |
| Q1 2018 | +1.9% | -2.1% | -0.2% | |
| Q4 2017 | +9.2% | +8.2% | -6.5% | |
| Q3 2017 | -3.2% | -10.4% | -8.5% | |
| Q2 2017 | -7.8% | -16.1% | -11.3% | |
| Q1 2017 | +20.2% | +15.5% | +8.7% | |
| Q4 2016 | +15.0% | +20.3% | +23.4% | |
| Q3 2016 | -12.5% | -16.2% | +1.9% | |
| Q2 2016 | +8.6% | +12.8% | +11.9% | |
| Q1 2016 | +10.7% | — | — | |
| Q4 2015 | -1.0% | — | — | |
| Q3 2015 | +1.1% | — | — | |
| Q2 2015 | +10.8% | — | — | |
| Q1 2015 | +6.1% | — | — | |
| Q4 2014 | +14.1% | — | — | |
| Q3 2014 | -17.5% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | -6.0% | — | — | |
| Q4 2013 | -8.5% | — | — | |
| Q3 2013 | -7.6% | — | — | |
| Q2 2013 | +13.7% | — | — | |
| Q1 2013 | -5.9% | — | — | |
| Q4 2012 | -3.5% | — | — | |
| Q3 2012 | +22.5% | — | — | |
| Q2 2012 | +3.0% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q3 2011 | +6.4% | — | — | |
| Q4 2010 | -12.4% | — | — | |
| Q2 2011 | -12.4% | — | — | |
| Q1 2011 | -6.6% | — | — | |
| Q3 2010 | +13.6% | — | — | |
| Q2 2010 | -6.3% | — | — | |
| Q1 2010 | -8.6% | — | — |
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