While Wabash is making strategic moves to optimize future earnings and expand its parts and service business, significant challenges such as the legal verdict and a reduced financial outlook weigh heavily. Despite organizational changes aimed at growth, the reduction in backlog and financial guidance adjustment suggest a cautious outlook.
Company Guidance
During the Wabash Q3 2024 earnings call, the company provided guidance indicating that they expect full-year revenue to reach approximately $1.95 billion, with earnings per share (EPS) projected at around $1.25. This reflects a reduction from previous estimates, largely due to adjustments in production capacity and increased legal expenses. The company's backlog at the end of the third quarter was just over $1 billion, and they anticipate an uptick in orders by Q4, extending into early Q1 of 2025. Wabash is focusing on growing its parts and services segment, which generated $52 million in revenue for the quarter, as a key element of their strategic growth, albeit facing some market-related challenges. Despite a difficult environment, they foresee stronger adjusted financial performance in 2025, with expectations that EPS will surpass 2024 levels.
Strategic Partnerships and Initiatives
Wabash has signed a 10-year strategic supply agreement with Steel Dynamics to ensure priority access to critical components during high demand. They have also established a 'Trailers as a Service' partnership with Kodiak, enhancing their offerings with autonomous truck technology.
Parts and Service Growth Potential
Wabash's focus on parts and services as a higher margin, recurring revenue stream is expected to balance demand for transportation equipment. The Wabash Parts joint venture with HDI and a digital capabilities enhancement through the Wink JV are instrumental in this growth.
Organizational Changes for Growth
Mike Pettit has transitioned to Chief Growth Officer to focus on accelerating the scale of achievements in parts and services, digital enablement, and engineering.
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Wabash National (GB:0LSO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0LSO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 24, 2024
$17.19
$16.67
-3.01%
Jul 24, 2024
$22.57
$20.34
-9.85%
Apr 24, 2024
$25.16
$24.45
-2.83%
Feb 01, 2024
$25.04
$26.10
+4.22%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wabash National Corp (GB:0LSO) report earnings?
Wabash National Corp (GB:0LSO) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Wabash National Corp (GB:0LSO) earnings time?
Wabash National Corp (GB:0LSO) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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