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Wabash National Q3 revenue rises on strong shipments

By Reuters News


Overview

  • U.S. trailer manufacturer's Q3 revenue rose 25% yr/yr on strong Dry Van shipments and Parts & Services growth

  • Company posted adjusted EPS loss of $0.63 for Q3

  • Backlog rose 25% sequentially, outperforming seasonal trends


Outlook

  • Wabash sees Q4 revenue between $420 mln and $450 mln

  • Company expects Q4 adjusted EPS between $(0.75) and $(0.55)

  • Company expects market conditions and financials to improve after Q4


Result Drivers

  • DRY VAN SHIPMENTS - Co said strong shipments in core Dry Van market drove revenue growth

  • PARTS & SERVICES - Co said Parts & Services segment delivered positive revenue growth yr/yr

  • CAPACITY ADDITIONS - Co accelerated capacity expansion in Q3 to meet increased customer orders, per CEO Brent Yeagy


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$476.40 mln

$453.75 mln (2 Analysts)

Q3 Adjusted Loss Per Share

Miss

$0.63

$0.46 (2 Analysts)

Q3 Loss Per Share

$0.51

Q3 Operating Income

-$20 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

  • Wall Street's median 12-month price target for Wabash National Corporation is $22.50, about 62.8% above its October 28 closing price of $13.82


Reuters Recommended Reads

  • Oct 27 - Rush Enterprises Q3 revenue beats analyst estimates on higher truck deliveries

  • Oct 27 - Logistics firm Landstar System's Q3 revenue rises 25%, beats estimates

  • Oct 28 - Traton's profit grows on US truck demand despite rising tariff costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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