WABASH NATIONAL CORPORATION (WNC)
NYSEIndustrialsAgricultural - MachinerySnapshot 2026-09-04
$14.31+0.35%
Close 2026-09-04 · 1-day change
NYSEIndustrialsAgricultural - MachinerySnapshot 2026-09-04
QuarterlyIQ Insights · WNC
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 0% of the last 1 guided quarters · -152.6% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on recovering revenue and improving market conditions throughout 2026, supported by backlog growth and shipment volumes.
Stated as a priority in 2 of last 2 quarters. Revenue increased from $303.2M in 2026-Q1 to $417.2M in 2026-Q2 (+37.6%), while backlog grew from $837M to $956M (+14%). Management emphasizes a freight market recovery taking shape, indicating delivering progress on revenue and market recovery.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=6963).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“The second quarter continued to strengthen our conviction that the freight market recovery is taking shape... backlog of $956 million, an increase of 14% versus Q1-26.”
“Near-term market environment continues to be challenging... total backlog stood at approximately $837 million, an increase of $132 million over the prior quarter.”
Target improvement in Non-GAAP adjusted EPS with guidance for sequential quarterly improvement in 2026.
Stated as a priority in 3 of last 3 quarters. Non-GAAP adjusted EPS improved from $(1.17) in 2026-Q1 to $(0.53) in 2026-Q2, with guidance for further improvement to $(0.50)-$(0.40) in 2026-Q3. The trajectory matches management's stated goal of EPS improvement.
“GAAP EPS of $(0.56) or Non-GAAP adjusted EPS of $(0.53). Q3-2026 EPS outlook $(0.50) to $(0.40).”
“GAAP EPS of $(1.11) or Non-GAAP adjusted EPS of $(1.17). Q2-2026 EPS outlook $(0.40) to $(0.60).”
“Non-GAAP adjusted EPS outlook reduced to a range of $(1.95) to $(2.05) for 2025 fiscal year.”
Continue to control facility idling costs and address operational inefficiencies to improve profitability.
Stated as a priority in 2 of last 2 quarters. Facility idling costs decreased from $2.8M in 2026-Q1 to $1.8M in 2026-Q2, reflecting management's focus on controlling these costs. The trajectory shows delivering progress on managing operational inefficiencies.
“GAAP operating loss of $25 million includes $1.8 million of facility idling costs.”
“GAAP operating loss of $52 million includes $2.8 million of facility idling costs.”
Raise capital through convertible senior notes offering to support general corporate purposes and repay credit facility amounts.
Newly stated in 2026-Q2. The company completed a $130 million convertible senior notes offering in July 2026 to support general corporate purposes including repayment of credit facility amounts. This capital allocation event is recent and delivering as announced.
“Completed $130 million convertible senior notes offering to repay amounts outstanding under credit agreement.”
Provide quarterly revenue guidance to set market expectations and track performance.
Stated as a priority in 2 of last 2 quarters. The company guided Q2 2026 revenue to $380M-$400M and actual revenue was $417M, exceeding guidance. Management consistently provides quarterly revenue guidance, showing delivering performance relative to expectations.
“For the second quarter of 2026, the Company guides its revenue to be in the range of $380 million to $400 million.”
“For the second quarter of 2026, the Company guides its revenue to be in the range of $380 million to $400 million.”
Over the trailing year it converted 0.25x of net income into operating cash flow. Historically, Industrials names rated fragile grew net income 48% of the time over the next year (vs 59% for the rest of the cohort, n=4997).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
12 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated volatile grew net income 58% of the time over the next year (vs 57% for the rest of the cohort, n=2592).
Not investment advice. As of 2026-09-04.