Earnings release
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News Details View All News Wabash Announces Third Quarter 2026 Results October 29, 2026 Quarterly revenue of $476 million - Reflects strong shipments in core Dry Van market. Parts & Services generated positive revenue growth year-over-year. GAAP operating loss of $20 million or Non-GAAP adjusted operating loss of $27 million; Non-GAAP adjusted operating loss excludes impact of $7.5 million related to the gain on sale of a manufacturing facility and $0.5 million of facility idling costs. Quarterly GAAP EPS of $(0.51) or Non-GAAP adjusted EPS of $(0.63). Total backlog of $1,198 million as of September 30, 2026. An increase of 25% versus Q2-26 and outperforming traditional seasonal trends. Q4-2026 revenue outlook midpoint of $435 million, EPS outlook $(0.65). Market conditions and financials expected to improve sequentially thereafter. LAFAYETTE, Ind., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC), a leader in end-to-end supply chain solutions for the transportation, logistics and infrastructure markets, today reported results for the quarter ended September 30, 2026. The Company's net sales for the third quarter of 2026 were $476.4 million, reflecting a 24.8% increase compared to the same quarter of the previous year. The Company generated consolidated gross margin of $15 million, equivalent to 3.1% of sales. GAAP operating loss amounted to $20 million as the company recognized a $7.5 million gain on the sale of a manufacturing facility and recorded $0.5 million of facility idling costs. Excluding the impact of the gain on sale and facility idling costs, Non-GAAP adjusted operating loss was $27 million for the quarter. Third quarter GAAP diluted earnings per share was $(0.51) or $(0.63) on a Non-GAAP adjusted basis. As of September 30, 2026, total Company backlog stood at approximately $1,198 million, an increase of $242 million over the prior quarter. For the fourth quarter of 2026, the Company guides its revenue to be in the range of $420 million to $450 million and Non-GAAP adjusted EPS to a range of $(0.75) to $(0.55). "Our third quarter results represent another step forward in what continues to be a transition year for Wabash" explained Brent Yeagy, President and Chief Executive Officer. "Beneath the results we have explicit and material evidence in demonstrated customer demand. That gives confidence that the conditions required for a broader recovery are solidly in place. As a direct result of customer order activity at scale, we aggressively pulled forward capacity addition actions into Q3, actions previously slated for Q1 and Q2 of 2027, to increase dry van output in direct response". Business Segment Highlights The table below is a summary of select segment operating and financial results prior to the elimination of intersegment sales for the third quarter of 2026 and 2025. A complete disclosure of the results by individual segment is included in the tables following this release. Wabash National Corporation Three Months Ended September 30, 2026 2025 New Units Shipped Trailers(1) 9,563 6,675 Truck bodies 1,685 3,067 (1)Trailer shipments do not include converter dollies for any period presented. Transportation Solutions Parts & Services Three Months Ended September 30, 2026 2025 2026 2025 (Unaudited, dollars in thousands) Net sales $ 407,860 $ 334,474 $ 69,356 $ 60,964 Gross profit $ 4,008 $ 5,077 $ 10,867 $ 10,631 Gross profit margin 1.0% 1.5% 15.7% 17.4% (Loss) income from operations $ (7,541) $ (13,116) $ 5,756 $ 6,621 (Loss) income from operations margin (1.8) % (3.9) % 8.3% 10.9% During the third quarter, Transportation Solutions generated net sales of $407.9 million, an increase of 21.9% compared to the same quarter of the previous year. Operating loss for the quarter amounted to $7.5 million, representing 1.8% of sales. Parts & Services' net sales for the third quarter were $69.4 million, an increase of 13.8% compared to the prior year quarter. Operating income for the quarter amounted to $5.8 million, or 8.3% of sales. Non-GAAP Measures In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the financial information included in this release contains non-GAAP financial measures including adjusted operating (loss) income, adjusted EBITDA, adjusted net loss attributable to common stockholders, adjusted diluted loss per share, free cash flow, adjusted segment EBITDA, and adjusted segment EBITDA margin. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures and results calculated in accordance with GAAP, including net (loss) income, and reconciliations to GAAP financial statements should be carefully evaluated. Adjusted operating loss, a non-GAAP financial measure, excludes certain costs, expenses, other charges, gains or income that are included in the determination of operating income under U.S. GAAP, but that management would not consider important in evaluating the quality of the Companyʼs operating results as they are not indicative of the Companyʼs core operating results or may obscure trends useful in evaluating the Companyʼs continuing activities. Accordingly, the Company presents adjusted operating loss excluding these special items to help investors evaluate our operating performance
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and trends in our business consistent with how management evaluates such performance and trends. Further, the Company presents adjusted operating loss to provide investors with a better understanding of the Companyʼs view of our results as compared to prior periods. A reconciliation of adjusted operating loss to operating (loss) income, the most comparable GAAP financial measure, is included in the tables following this release. Adjusted EBITDA includes noncontrolling interest & excludes (income) loss from unconsolidated entity and is defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation, impairment and other, net, facility idling costs, gain on sale of facility, purchase accounting gain, Missouri legal matter and other non-operating income and expense. Management believes providing adjusted EBITDA is useful for investors to understand the Companyʼs performance and results of operations period to period with the exclusion of the items identified above. Management believes the presentation of adjusted EBITDA, when combined with the GAAP presentations of operating (loss) income and net (loss) income, is beneficial to an investorʼs understanding of the Companyʼs operating performance. A reconciliation of adjusted EBITDA to net (loss) income, the most comparable GAAP financial measure, is included in the tables following this release. Adjusted net loss attributable to common stockholders and adjusted diluted loss per share reflect an adjustment for the facility idling cost, gain on sale of facility, purchase accounting gain, Missouri legal matter and the related tax effects of those adjustments. Management believes providing adjusted measures and excluding certain items facilitates comparisons to the Companyʼs prior year periods and, when combined with the GAAP presentation of net (loss) income and diluted net (loss) income per share, is beneficial to an investorʼs understanding of the Companyʼs performance. A reconciliation of adjusted net loss attributable to common stockholders and adjusted diluted loss per share to net (loss) income attributable to common stockholders and diluted (loss) income per share, the most comparable GAAP financial measures, are included in the tables following this release. Free cash flow is defined as net cash (used in) provided by operating activities minus cash payments for capital expenditures minus expenditures for revenue generating assets. Management believes providing free cash flow is useful for investors to understand the Companyʼs performance and results of cash generation period to period with the exclusion of the item identified above. Management believes the presentation of free cash flow, when combined with the GAAP presentations of cash (used by) provided by operating activities, is beneficial to an investorʼs understanding of the Companyʼs operating performance. A reconciliation of free cash flow to cash (used in) provided by operating activities, the most comparable GAAP financial measure, is included in the tables following this release. Adjusted segment EBITDA, a non-GAAP financial measure, includes noncontrolling interest & excludes income (loss) from unconsolidated entity and is calculated by adding back segment depreciation and amortization expense to segment operating (loss) income, and excludes certain costs, expenses, other charges, gains or income that are included in the determination of operating (loss) income under GAAP, but that management would not consider important in evaluating the quality of the Companyʼs segment operating results as they are not indicative of each segment's core operating results or may obscure trends useful in evaluating the segment's continuing activities. Adjusted segment EBITDA Margin is calculated by dividing Adjusted segment EBITDA by segment total net sales. A reconciliation of adjusted segment EBITDA to (loss) income from operations, the most comparable GAAP financial measure, is included in the tables following this release. Information reconciling any forward-looking adjusted operating (loss) income, adjusted EBITDA, adjusted net loss attributable to common stockholders, adjusted diluted loss per share, free cash flow, adjusted segment EBITDA and adjusted segment EBITDA margin to GAAP financial measures is unavailable to us without unreasonable effort. We cannot provide reconciliations of the above noted forward looking non-GAAP measures to GAAP financial measures because certain items required for such reconciliations are outside of our control and/or cannot be reasonably predicted. Preparation of such reconciliations would require a forward-looking balance sheet, statement of income and statement of cash flows, prepared in accordance with GAAP, and such forward- looking financial statements are unavailable to us without unreasonable effort. Third Quarter 2026 Conference Call Wabash will discuss its results during its quarterly investor conference call on Thursday, October 29, 2026, beginning at 12:00 p.m. EDT. 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 at the following link: https://events.q4inc.com/attendee/756116794. A replay of the call will be available shortly after the conclusion of the presentation. About Wabash (NYSE: WNC) is the visionary leader of connected solutions for the transportation, logistics and distribution industries that is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company enables customers to thrive by providing insight into tomorrow and delivering pragmatic solutions today to move everything from first to final mile. Wabash designs, manufactures, and services a diverse range of products, including: dry freight and refrigerated trailers, flatbed trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. Learn more at www.onewabash.com. Safe Harbor Statement This press release contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey the Companyʼs current expectations or forecasts of future events. All statements contained in this press release other than statements of historical fact are forward-looking statements. These forward-looking statements include, among other things, all statements regarding the Companyʼs outlook for trailer and truck body shipments, backlog, expectations regarding demand levels for trailers, truck bodies, non-trailer equipment and our other diversified product offerings, pricing, profitability and earnings, cash flow and liquidity, opportunity to capture higher margin sales, new product innovations, our growth and diversification strategies, our expectations for improved financial performance during the course of the year and our expectations with regards to capital allocation. These and the Companyʼs other forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Without limitation, these risks and uncertainties include the risks related to highly cyclical nature of our business, uncertain economic conditions including the possibility that customer demand may not meet our expectations, our backlog may not reflect future sales of our products, increased competition, reliance on certain customers and corporate partnerships, risks of customer pick-up delays, shortages and costs of raw materials including the impact of tariffs or other international trade developments, risks in implementing and sustaining improvements in the Companyʼs manufacturing operations and cost containment, dependence on industry trends and timing, supplier constraints, labor costs and availability, customer acceptance of and reactions to pricing changes, costs of indebtedness, and our ability to execute on our long-term strategic plan. Readers should review and consider the various disclosures made by the Company in this press release and in the Companyʼs reports to its stockholders and periodic reports on Forms 10-K and 10-Q.
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Media Contact: Heidi Murphy Heidi.murphy@padillaco.com Investor Relations: John Cummings Sr. Director, FP&A & IR (765) 262-2898 john.cummings@onewabash.com WABASH NATIONAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited - dollars in thousands) September 30, 2026 December 31, 2025 Assets Current assets: Cash and cash equivalents $ 69,290 $ 31,923 Accounts receivable, net 198,614 119,874 Inventories, net 195,329 181,153 Prepaid expenses and other 39,792 86,136 Total current assets 503,025 419,086 Property, plant, and equipment, net 267,440 300,477 Goodwill 213,337 191,222 Deferred income taxes 38,219 9,047 Intangible assets, net 55,540 63,561 Investment in unconsolidated entities 16,331 7,250 Other assets 140,506 180,538 Total assets $ 1,234,398 $ 1,171,181 Liabilities and Stockholdersʼ Equity Current liabilities: Current portion of long-term debt $ — $ — Accounts payable 246,184 145,739 Other accrued liabilities 119,270 156,556 Total current liabilities 365,454 302,295 Long-term debt 540,257 442,852 Other non-current liabilities 55,808 57,492 Total liabilities 961,519 802,639 Commitments and contingencies Noncontrolling interest 1,792 1,184 Wabash National Corporation stockholdersʼ equity: Common stock 200,000,000 shares authorized, $0.01 par value, 40,738,694 and 40,436,437 shares outstanding, respectively 790 787 Additional paid-in capital 706,152 700,697 Retained earnings 204,809 303,615 Accumulated other comprehensive loss (3,321) (398) Treasury stock at cost, 38,263,966 and 38,263,966 common shares, respectively (637,343) (637,343) Total Wabash National Corporation stockholders' equity 271,087 367,358 Total liabilities, noncontrolling interest, and equity $ 1,234,398 $ 1,171,181
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WABASH NATIONAL CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited - dollars in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net sales $ 476,408 $ 381,595 $ 1,196,878 $ 1,221,301 Cost of sales 461,533 365,887 1,177,249 1,145,190 Gross profit 14,875 15,708 19,629 76,111 General and administrative expenses 32,358 (50,520) 96,821 (318,196) Selling expenses 6,857 5,590 20,911 18,308 Amortization of intangible assets 2,673 2,789 8,021 8,367 Impairment and other, net (6,987) 203 (8,444) 186 (Loss) income from operations (20,026) 57,646 (97,680) 367,446 Other income (expense): Interest expense (6,957) (5,373) (19,836) (15,707) Other, net 315 1,240 972 2,821 Other expense, net (6,642) (4,133) (18,864) (12,886) Income (loss) from unconsolidated entity 71 (1,845) 222 (5,890) (Loss) income before income tax expense (26,597) 51,668 (116,322) 348,670 Income tax (benefit) expense (6,244) 11,629 (28,120) 87,038 Net (loss) income (20,353) 40,039 (88,202) 261,632 Net income attributable to noncontrolling interest 395 62 608 303 Net (loss) income attributable to common stockholders $ (20,748) $ 39,977 $ (88,810) $ 261,329 Net (loss) income attributable to common stockholders per share: Basic $ (0.51) $ 0.98 $ (2.17) $ 6.25 Diluted $ (0.51) $ 0.97 $ (2.17) $ 6.22 Weighted average common shares outstanding (in thousands): Basic 40,991 40,928 40,883 41,795 Diluted 40,991 41,170 40,883 42,014 Dividends declared per share $ 0.08 $ 0.08 $ 0.24 $ 0.24
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WABASH NATIONAL CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited - dollars in thousands) Nine Months Ended September 30, 2026 2025 Cash flows from operating activities Net (loss) income $ (88,202) $ 261,632 Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities Depreciation 34,222 35,345 Amortization of intangibles 8,021 8,367 Net (gain) loss on sale of property, plant and equipment (8,784) 100 Deferred income taxes (29,172) 90,142 Stock-based compensation 7,542 8,895 Non-cash interest expense 1,088 749 Equity in (income) loss from unconsolidated entity (222) 5,890 Accounts receivable (78,147) (3,234) Inventories (14,575) 39,320 Prepaid expenses and other 9,191 (54,185) Accounts payable and accrued liabilities 99,109 128,216 Other, net (5,891) (452,137) Net cash (used in) provided by operating activities (65,820) 69,100 Cash flows from investing activities Cash payments for capital expenditures (8,946) (20,207) Expenditures for revenue generating assets (242) (40,189) Proceeds from the sale of assets 39,723 138 Acquisition, net of cash acquired (2,872) (1,666) Investment in unconsolidated affiliates and other (6,174) (12,350) Net cash provided by (used in) investing activities 21,489 (74,274) Cash flows from financing activities Proceeds from exercise of stock options — 11 Dividends paid (10,031) (10,539) Proceeds from issuance of Convertible Notes 150,000 — Borrowings under revolving credit facilities 201,879 41,751 Payments under revolving credit facilities (246,879) (16,751) Debt issuance costs paid (11,202) (1) Stock repurchases — (33,106) Other (2,069) — Net cash provided by (used in) financing activities 81,698 (18,635) Cash and cash equivalents: Net increase (decrease) in cash and cash equivalents 37,367 (23,809) Cash and cash equivalents at beginning of period 31,923 115,484 Cash and cash equivalents at end of period $ 69,290 $ 91,675 Supplemental disclosures of cash flow information: Cash paid for interest $ 13,169 $ 10,453 Net cash refunds received for income taxes $ (9,715) $ (307) Period end balance of payables for property, plant, and equipment $ 1,242 $ 2,916
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WABASH NATIONAL CORPORATION SEGMENTS AND RELATED INFORMATION (Unaudited - dollars in thousands) Wabash National Corporation Three Months Ended September 30, 2026 2025 Units Shipped New trailers(1) 9,563 6,675 New truck bodies 1,685 3,067 Used trailers 39 20 (1) Trailer shipments do not include converter dollies for any period presented. Three Months Ended September 30, Transportation Solutions Parts & Services Corporate and Eliminations Consolidated 2026 New trailers $ 363,426 $ — $ (453) $ 362,973 Used trailers — 1,952 — 1,952 Components, parts and service — 31,443 — 31,443 Equipment and other 44,434 35,961 (355) 80,040 Total net external sales $ 407,860 $ 69,356 $ (808) $ 476,408 Gross profit $ 4,008 $ 10,867 $ — $ 14,875 (Loss) income from operations $ (7,541) $ 5,756 $ (18,241) $ (20,026) Adjusted (loss) income from operations1 $ (14,382) $ 5,632 $ (18,241) $ (26,991) 2025 New trailers $ 259,038 $ — $ (13,473) $ 245,565 Used trailers — 929 — 929 Components, parts and service — 32,584 — 32,584 Equipment and other 75,436 27,451 (370) 102,517 Total net external sales $ 334,474 $ 60,964 $ (13,843) $ 381,595 Gross profit $ 5,077 $ 10,631 $ — $ 15,708 (Loss) Income from operations $ (13,116) $ 6,621 $ 64,141 $ 57,646 Adjusted (loss) income from operations1 $ (13,116) $ 6,621 $ (17,066) $ (23,561) 1 Adjusted operating (loss) income, a non-GAAP financial measure, excludes certain costs, expenses, other charges, gains or income that are included in the determination of operating (loss) income under U.S. GAAP, but that management would not consider important in evaluating the quality of the Companyʼs operating results as they are not indicative of the Companyʼs core operating results or may obscure trends useful in evaluating the Companyʼs continuing activities. Accordingly, the Company presents adjusted operating (loss) income excluding these special items to help investors evaluate our operating performance and trends in our business consistent with how management evaluates such performance and trends. Further, the Company presents adjusted operating (loss) income to provide investors with a better understanding of the Companyʼs view of our results as compared to prior periods.
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WABASH NATIONAL CORPORATION SEGMENTS AND RELATED INFORMATION (Unaudited - dollars in thousands) Wabash National Corporation Nine Months Ended September 30, 2026 2025 Units Shipped New trailers(1) 23,233 20,495 New truck bodies 4,592 9,253 Used trailers 109 85 (1) Trailer shipments do not include converter dollies for any period presented. Nine Months Ended September 30, Transportation Solutions Parts & Services Corporate and Eliminations Consolidated 2026 New trailers $ 886,389 $ — $ (1,432) $ 884,957 Used trailers — 4,792 — 4,792 Components, parts and service — 97,067 — 97,067 Equipment and other 126,301 84,953 (1,192) 210,062 Total net external sales $ 1,012,690 $ 186,812 $ (2,624) $ 1,196,878 Gross (loss) profit $ (5,522) $ 25,151 $ — $ 19,629 (Loss) income from operations $ (58,791) $ 15,524 $ (54,413) $ (97,680) Adjusted (loss) income from operations1 $ (61,241) $ 9,611 $ (54,413) $ (106,043) 2025 New trailers $ 823,014 $ — $ (31,914) $ 791,100 Used trailers — 3,549 — 3,549 Components, parts and service — 96,841 — 96,841 Equipment and other 258,477 72,273 (939) 329,811 Total net external sales $ 1,081,491 $ 172,663 $ (32,853) $ 1,221,301 Gross profit $ 42,091 $ 34,020 $ — $ 76,111 (Loss) Income from operations $ (10,396) $ 22,591 $ 355,251 $ 367,446 Adjusted (loss) income from operations1 $ (10,396) $ 22,591 $ (63,343) $ (51,148) 1 Adjusted operating (loss) income, a non-GAAP financial measure, excludes certain costs, expenses, other charges, gains or income that are included in the determination of operating (loss) income under U.S. GAAP, but that management would not consider important in evaluating the quality of the Companyʼs operating results as they are not indicative of the Companyʼs core operating results or may obscure trends useful in evaluating the Companyʼs continuing activities. Accordingly, the Company presents adjusted operating (loss) income excluding these special items to help investors evaluate our operating performance and trends in our business consistent with how management evaluates such performance and trends. Further, the Company presents adjusted operating (loss) income to provide investors with a better understanding of the Companyʼs view of our results as compared to prior periods.
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WABASH NATIONAL CORPORATION SEGMENT AND COMPANY FINANCIAL INFORMATION (Unaudited - dollars in thousands) Adjusted Operating Loss1 Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Transportation Solutions Loss from operations $ (7,541) $ (13,116) $ (58,791) $ (10,396) Adjustments: Facility idling and related costs 500 — 4,891 — Gain on sale of facility (7,341) — (7,341) — Adjusted operating loss (14,382) (13,116) (61,241) (10,396) Parts & Services Income from operations 5,756 6,621 15,524 22,591 Adjustments: Facility idling and related costs — — 206 — Gain on sale of facility (124) — (124) — Purchase accounting gains — — (5,995) — Adjusted operating income 5,632 6,621 9,611 22,591 Corporate (Loss) income from operations (18,241) 64,141 (54,413) 355,251 Adjustments: Missouri legal matter — (81,207) — (418,594) Adjusted operating loss (18,241) (17,066) (54,413) (63,343) Consolidated (Loss) income from operations (20,026) 57,646 (97,680) 367,446 Adjustments: Facility idling and related costs 500 — 5,097 — Gain on sale of facility (7,465) — (7,465) — Purchase accounting gains — — (5,995) — Missouri legal matter — (81,207) — (418,594) Adjusted operating loss $ (26,991) $ (23,561) $ (106,043) $ (51,148) 1 Adjusted operating loss, a non-GAAP financial measure, excludes certain costs, expenses, other charges, gains or income that are included in the determination of operating (loss) income under U.S. GAAP, but that management would not consider important in evaluating the quality of the Companyʼs operating results as they are not indicative of the Companyʼs core operating results or may obscure trends useful in evaluating the Companyʼs continuing activities. Accordingly, the Company presents adjusted operating loss excluding these special items to help investors evaluate our operating performance and trends in our business consistent with how management evaluates such performance and trends. Further, the Company presents adjusted operating loss to provide investors with a better understanding of the Companyʼs view of our results as compared to prior periods. WABASH NATIONAL CORPORATION RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (Unaudited - dollars in thousands, except per share amounts) Adjusted EBITDA1: Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net (loss) income $ (20,353) $ 40,039 $ (88,202) $ 261,632 Income tax (benefit) expense (6,244) 11,629 (28,120) 87,038 Interest expense 6,957 5,373 19,836 15,707 Depreciation and amortization 13,604 14,610 41,223 43,712 Stock-based compensation 2,460 3,272 7,542 8,895 Impairment and other, net 478 203 (979) 186 Other, net (315) (1,240) (972) (2,821) (Income) loss from unconsolidated entity (71) 1,845 (222) 5,890 Facility idling and related costs 500 — 5,097 — Gain on sale of facility (7,465) — (7,465) — Purchase accounting gains — — (5,995) — Missouri legal matter — (81,207) — (418,594) Adjusted EBITDA $ (10,449) $ (5,476) $ (58,257) $ 1,645
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Adjusted Net Loss Attributable to Common Stockholders2: Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net (loss) income attributable to common stockholders $ (20,748) $ 39,977 $ (88,810) $ 261,329 Adjustments: Facility idling and related costs 500 — 5,097 — Gain on sale of facility (7,465) — (7,465) — Purchase accounting gains — — (5,995) — Missouri legal matter — (81,207) — (418,594) Tax effect of aforementioned items 1,741 20,015 2,090 105,105 Adjusted net loss attributable to common stockholders $ (25,972) $ (21,215) $ (95,083) $ (52,160) Adjusted Diluted Loss Per Share2: Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Diluted (loss) income per share $ (0.51) $ 0.97 $ (2.17) $ 6.22 Adjustments: Facility idling and related costs 0.01 — 0.12 — Gain on sale of facility (0.18) — (0.18) — Purchase accounting gains — — (0.15) — Missouri legal matter — (1.97) — (9.96) Tax effect of aforementioned items 0.05 0.49 0.05 2.50 Adjusted diluted loss per share $ (0.63) $ (0.51) $ (2.33) $ (1.24) Weighted average diluted shares outstanding (in thousands) 40,991 41,170 40,883 42,014 1 Adjusted EBITDA includes noncontrolling interest & excludes (income) loss from unconsolidated entity and is defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation, impairment and other, net, facility idling costs, gain on sale of facility, purchase accounting gains, Missouri legal matter and other non-operating income and expense. Management believes providing adjusted EBITDA is useful for investors to understand the Companyʼs performance and results of operations period to period with the exclusion of the items identified above. Management believes the presentation of adjusted EBITDA, when combined with the GAAP presentations of operating (loss) income and net (loss) income, is beneficial to an investorʼs understanding of the Companyʼs operating performance. 2 Adjusted net loss attributable to common stockholders and adjusted diluted loss per share reflect adjustments for facility idling costs, gain on sale of facility, purchase accounting gains, Missouri legal matter and the related tax effect of those adjustments. WABASH NATIONAL CORPORATION RECONCILIATION OF FREE CASH FLOW1 (Unaudited - dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net cash (used in) provided by operating activities $ (37,303) $ 85,206 $ (65,820) $ 69,100 Cash payments for capital expenditures (3,456) (5,282) (8,946) (20,207) Expenditures for revenue generating assets (7) (19,304) (242) (40,189) Free Cash Flow1 $ (40,766) $ 60,620 $ (75,008) $ 8,704 1 Free cash flow is defined as net cash (used in) provided by operating activities minus cash payments for capital expenditures minus expenditures for revenue generating assets. Management believes providing free cash flow is useful for investors to understand the Companyʼs performance and results of cash generation period to period with the exclusion of the item identified above. Management believes the presentation of free cash flow, when combined with the GAAP presentations of cash (used in) provided by operating activities, is beneficial to an investorʼs understanding of the Companyʼs operating performance.
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WABASH NATIONAL CORPORATION RECONCILIATION OF ADJUSTED SEGMENT EBITDA1 AND ADJUSTED SEGMENT EBITDA MARGIN1 (Unaudited - dollars in thousands) Transportation Solutions Parts & Services Three Months Ended September 30, 2026 2025 2026 2025 (Loss) income from operations $ (7,541) $ (13,116) $ 5,756 $ 6,621 Depreciation and amortization 10,481 12,299 1,915 1,132 Impairment and other, net — 219 78 (15) Facility idling and related costs 500 — — — Gain on sale of facility (7,341) — (124) — Adjusted segment EBITDA1 $ (3,901) $ (598) $ 7,625 $ 7,738 Adjusted segment EBITDA margin1 (1.0) % (0.2) % 11.0% 12.7% Transportation Solutions Parts & Services Nine Months Ended September 30, 2026 2025 2026 2025 (Loss) income from operations $ (58,791) $ (10,396) $ 15,524 $ 22,591 Depreciation and amortization 31,734 36,689 5,961 3,561 Impairment and other, net (368) 212 (912) (26) Facility idling and related costs 4,891 — 206 — Gain on sale of facility (7,341) — (124) — Purchase accounting gains — — (5,995) — Adjusted segment EBITDA1 $ (29,875) $ 26,505 $ 14,660 $ 26,126 Adjusted segment EBITDA margin1 (3.0) % 2.5% 7.8% 15.1% 1 Adjusted segment EBITDA, a non-GAAP financial measure, includes noncontrolling interest & excludes income (loss) from unconsolidated entity and is calculated by adding back segment depreciation and amortization expense to segment operating (loss) income, and excludes certain costs, expenses, other charges, gains or income that are included in the determination of operating (loss) income under GAAP, but that management would not consider important in evaluating the quality of the Companyʼs segment operating results as they are not indicative of each segment's core operating results or may obscure trends useful in evaluating the segment's continuing activities. Adjusted segment EBITDA margin is calculated by dividing Adjusted segment EBITDA by segment total net sales. Source: Wabash National Corporation View All News Source ir.onewabash.com Captured 29 okt. 2026 11:54 https://ir.onewabash.com/news/news-details/2026/Wabash-Announces-Third-Quarter-2026-Results/default.aspx