NYSE$WNC

Wabash National Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported fourth quarter and full year results, demonstrating improved portfolio resilience and strategic advancement.

Wabash National reported Q4 2024 revenue of $417 million, operating income of $3.6 million, and a net loss of $1.0 million, or $(0.02) per diluted share. The company's total backlog increased sequentially to $1.2 billion. For the full year 2024, revenue totaled $1.95 billion with an operating loss of $356.1 million, or a non-GAAP adjusted operating income of $94 million.

  • Quarterly revenue reached $417 million, with operating income at $3.6 million and EPS at $(0.02).
  • Full year revenue amounted to $1.95 billion, and adjusted EPS was $1.22, indicating enhanced portfolio resilience.
  • Key leadership additions have been made to strengthen the company culture and accelerate strategic progress.
  • Total backlog saw a sequential increase, reaching $1.2 billion.

Headline financials

Total Revenue

$417M

Previous: $596M-30.1%
EPS (adj)

-$0.02

Previous: $1.07-101.9%
Capital Expenditures

-$21.3M

Previous: -$9.06M-135.6%
Net Income

-$693K

Previous: $50.4M-101.4%
Operating Income

$3.59M

Previous: $61.1M-94.1%
Gross Profit

$43M

Previous: $105M-59.1%

Revenue & EPS history

Wabash National · Revenue · Quarterly

$417M

Q4 2024-30.1%vs Q4 2023
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Wabash National · $583M total across 1 segment · Q3 2023

  • Transportation
    $583M-4.7%

Forward guidance

For the full year ending December 31, 2025, the Company has issued guidance with sales in the range of $1.9 billion to $2.1 billion with a midpoint of $2.0 billion and earnings per diluted share of $0.85 to $1.05 with a midpoint of $0.95.

Tailwinds

  • Sales in the range of $1.9 billion to $2.1 billion.
  • Midpoint of $2.0 billion revenue.
  • Earnings per diluted share of $0.85 to $1.05.
  • Midpoint of $0.95 earnings per diluted share.
  • Areas of business anticipate the strongest performance in 2025 - Truck Bodies and Parts & Services

Headwinds

  • Customer orders to be more evenly distributed throughout the year compared to typical seasonal patterns.
  • Measured approach to initial financial outlook.
  • Traditionally operate with relatively modest backlogs and convert orders to revenue quickly.
  • 2025 as a transitional year
  • Market conditions are improving

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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