Wabash National Q1 revenue falls 20% on weak truck body demand

Wabash National

01/05/2026 12:01

Overview

US transport equipment maker's Q1 revenue fell 20% yr/yr on softer demand, especially in Truck Body

Adjusted EPS for Q1 was negative, reflecting operational inefficiencies and lower volumes

Parts & Services revenue grew yr/yr, but overall market environment remains challenging

Outlook

Wabash guides Q2-2026 revenue to $380 mln-$400 mln

Company expects Q2-2026 adjusted EPS between $(0.40) and $(0.60)

Wabash sees market conditions and financials improving throughout 2026

Result Drivers

SOFT DEMAND - Co said softer than expected demand, especially in Truck Body, led to revenue coming in below guidance

OPERATIONAL INEFFICIENCIES - Co attributed adjusted EPS miss to operational inefficiencies from lower than expected volumes

PARTS & SERVICES GROWTH - Parts & Services generated positive revenue growth year-over-year

Company press release: ID:nGNXGCSh6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$303 mln
$319.03 mln (2 Analysts)
Q1 Adjusted EPS
-$1.17
-$1.01 (2 Analysts)
Q1 EPS
-$1.11
Q1 Operating Income
-$52 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 Corp is $14.50, about 66.9% above its April 30 closing price of $8.69

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.)