Wabash National guided third-quarter 2026 revenue to $440 million to $460 million and an adjusted loss per share of $0.50 to $0.40, while CFO Patrick Keslin said material margin should improve by 200 to 300 basis points in the fourth quarter as pricing actions flow through. CEO Brent Yeagy noted that backlog grew 14% sequentially to $956 million, marking the first second-quarter backlog increase in company history, and said the order book for 2027 production was fully opened in late June. Keslin reported second-quarter consolidated revenue of $417 million with an adjusted non-GAAP operating margin of negative 5.6% and adjusted EBITDA of negative $9 million, while quarter-end liquidity stood at $193 million, supplemented by $150 million raised after the quarter through a convertible note offering. Management expects positive EBITDA in the second half of 2026 and anticipates 2027 EBITDA in the $150 million to $170 million range, assuming a replacement-demand recovery.
Wabash National CorporationPricing actions expected to improve material margins by 200-300 bps in Q4, boosting profitability.