Wabash National Reports Better-Than-Expected Q2 Results and Provides Q3 Outlook
Wabash National (WNC) reported second-quarter results that exceeded both revenue and earnings expectations despite a year-over-year decline in total revenue. The company's non-GAAP EPS came in at -$0.53, surpassing estimates by $0.03, while revenue reached $417.2 million—$14.15 million above forecasts but down 9.1% compared to the same period last year. As of June 30, Wabash National reported a total company backlog of approximately $956 million, an increase of $119 million from the previous quarter. The improved performance and rising backlog suggest some stabilization in demand for its products despite broader economic headwinds affecting the transportation sector. The firm also provided guidance for Q3 2024, signaling continued cautious optimism about future revenue potential.
Tickers: $WNC