WABASH NATIONAL Corp
Business
Wabash National Corporation designs, manufactures, and services transportation equipment and engineered products, including dry and refrigerated trailers, platform trailers, tank trailers, truck bodies, and structural composite panels. The company operates through two segments: Transportation Solutions (trailers, truck bodies, and related equipment) and Parts & Services (aftermarket parts, truck body upfitting, engineered products, and digital marketplace platforms). Products are distributed through factory direct accounts and independent dealer networks in North America and international markets.
Summary from 10-K filed 2026-02-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 1,543 | 1,947 | 2,537 | 2,502 | 1,803 | |
| Cost of sales | 1,473 | 1,682 | 2,038 | 2,179 | 1,607 | |
| Gross profit | 70 | 265 | 498 | 323 | 196 | |
| General and administrative expenses | −287 | 581 | 147 | — | — | |
| Selling expenses | 24 | 28 | 27 | 27 | 24 | |
| Amortization of intangible assets | 11 | 12 | 13 | 15 | 23 | |
| Impairment and other, net | 14 | 484,000 | 235,000 | 685,000 | 28 | |
| Income (loss) from operations | 308 | −356 | 312 | 167 | 34 | |
| Interest expense | −21 | −20 | −20 | −21 | — | |
| Other, net | 4 | 5 | 3 | 318,000 | −9 | |
| Other expense, net | −17 | −14 | −16 | −20 | −32 | |
| Loss from unconsolidated entity | −7 | −6 | −803,000 | 0 | 0 | |
| Income (loss) before income tax expense | 283 | −377 | 295 | 146 | 1 | |
| Income tax expense (benefit) | 72 | −94 | 63 | 34 | 126,000 | |
| Net income (loss) | 212 | −283 | 232 | 113 | 1 | |
| Net income attributable to noncontrolling interest | 188,000 | 996,000 | 603,000 | 512,000 | 0 | |
| Net income (loss) attributable to common stockholders | 211 | −284 | 231 | 112 | 1 | |
| Basic (in usd per share) | 5.09 | −6.4 | 4.92 | 2.31 | 0.02 | |
| Diluted (in usd per share) | 5.07 | −6.4 | 4.81 | 2.25 | 0.02 | |
| Basic (in shares) | 42 | 44 | 47 | 49 | 51 | |
| Diluted (in shares) | 42 | 44 | 48 | 50 | 52 | |
| Dividends declared per share (in usd per share) | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 32 | 115 | 179 | 58 | 72 | |
| Accounts receivable, net | 120 | 144 | 183 | 256 | 177 | |
| Inventories, net | 181 | 259 | 268 | 244 | 238 | |
| Prepaid expenses and other | 86 | 76 | 51 | 35 | 44 | |
| Total current assets | 419 | 594 | 681 | 593 | 530 | |
| Property, plant, and equipment, net | 300 | 339 | 325 | 271 | 232 | |
| Deferred income taxes | 9 | 95 | 0 | — | — | |
| Goodwill | 191 | 188 | 188 | 188 | 188 | |
| Intangible assets, net | 64 | 74 | 86 | 99 | 114 | |
| Investment in unconsolidated entities | 7 | 7 | 2 | 0 | — | |
| Other assets | 181 | 113 | 80 | 52 | 42 | |
| Total assets | 1,171 | 1,412 | 1,363 | 1,204 | 1,107 | |
| Current portion of long-term debt | 0 | 0 | 0 | 0 | 0 | |
| Accounts payable | 146 | 147 | 157 | 189 | 174 | |
| Other accrued liabilities | 157 | 162 | 196 | 158 | 115 | |
| Total current liabilities | 302 | 308 | 352 | 347 | 289 | |
| Long-term debt | 443 | 397 | 396 | 396 | 428 | |
| Other non-current liabilities | 57 | 516 | 47 | 34 | 28 | |
| Total liabilities | 803 | 1,222 | 813 | 805 | 782 | |
| Commitments and contingencies | — | — | — | — | — | |
| Noncontrolling interest | 1 | 996,000 | 603,000 | 512,000 | 0 | |
| Common stock, $0.01 par value: 200,000,000 shares authorized; 40,436,437 and 42,882,308 shares outstanding, respectively | 787,000 | 781,000 | 774,000 | 766,000 | — | |
| Additional paid-in capital | 701 | 689 | 678 | 666 | 654 | |
| Retained earnings | 304 | 106 | 404 | 188 | 92 | |
| Accumulated other comprehensive loss | −398,000 | −3 | −428,000 | −882,000 | 859,000 | |
| Treasury stock, at cost: 38,263,966 and 35,253,489 common shares, respectively | −637 | −604 | −533 | −456 | −422 | |
| Total Wabash National Corporation stockholders' equity | 367 | 189 | 549 | 398 | 326 | |
| Total liabilities, noncontrolling interest, and equity | 1,171 | 1,412 | 1,363 | 1,204 | 1,107 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 48 | 45 | 33 | 32 | 26 | |
| Net loss (gain) on sale of property, plant and equipment and business divestiture | 93,000 | −493,000 | 235,000 | −635,000 | −2 | |
| Deferred income taxes | 86 | −112 | −13 | −8 | −8 | |
| Stock-based compensation | 12 | 11 | 12 | 10 | 7 | |
| Non-cash interest expense | 1 | 962,000 | 946,000 | 868,000 | 1 | |
| Impairment | 13 | 994,000 | 0 | 1 | 29 | |
| Accounts receivable | 24 | 39 | 73 | −79 | −81 | |
| Inventories | 78 | 9 | −24 | −6 | −75 | |
| Prepaid expenses and other | −7 | 4 | −11 | 1 | 9 | |
| Accounts payable and accrued liabilities | −6 | −69 | 6 | 46 | 55 | |
| Other, net | −466 | 453 | −2 | −1 | −2 | |
| Net cash provided by operating activities | 12 | 117 | 320 | 124 | −7 | |
| Cash payments for capital expenditures | −25 | −72 | −98 | −57 | −49 | |
| Expenditures for revenue generating assets | −48 | −7 | −6 | 0 | 0 | |
| Proceeds from sale of assets | 138,000 | 4 | 154,000 | — | — | |
| Acquisitions, net of cash acquired | −2 | 0 | — | — | — | |
| Notes receivable issued to unconsolidated entity | −19 | −20 | −2 | 0 | 0 | |
| Net cash used in investing activities | −93 | −95 | −106 | −55 | −27 | |
| Proceeds from exercise of stock options | 11,000 | 28,000 | 155,000 | 2 | 2 | |
| Dividends paid | −14 | −15 | −16 | −16 | −16 | |
| Borrowings under revolving credit facilities | 127 | 884,000 | 104 | 98 | 51 | |
| Payments under revolving credit facilities | −82 | −884,000 | −104 | −131 | −18 | |
| Debt issuance costs paid | −1,000 | −5,000 | −117,000 | −1 | −9 | |
| Stock repurchases | −34 | −71 | −76 | −34 | −67 | |
| Distribution to noncontrolling interest | — | −603,000 | −512,000 | 0 | 0 | |
| Net cash used in financing activities | −3 | −86 | −93 | −82 | −111 | |
| Net (decrease) increase in cash and cash equivalents | −84 | −64 | 121 | −14 | −146 | |
| Cash paid for interest | 20 | 19 | 19 | 20 | 22 | |
| Net cash (refunds) payments for income taxes | −1 | 30 | 83 | 18 | −467,000 | |
| Period end balance of payables for property, plant, and equipment | 2 | 6 | 12 | 19 | 4 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is WABASH NATIONAL Corp's CIK number?
WABASH NATIONAL Corp's SEC CIK number is 0000879526 (879526). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find WABASH NATIONAL Corp's SEC filings?
All of WABASH NATIONAL Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did WABASH NATIONAL Corp last report earnings?
WABASH NATIONAL Corp (WNC) most recently filed an earnings 8-K with the SEC on Jul 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-303153). This is WABASH NATIONAL Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is WABASH NATIONAL Corp's most recent earnings 8-K?
WABASH NATIONAL Corp's latest earnings 8-K (Item 2.02) was filed Jul 14, 2026 under accession 0001193125-26-303153. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View WABASH NATIONAL Corp's latest earnings 8-K →
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