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Wabash National WNC Q1 2024 earnings

Reported April 24, 2024 · Before market open

Revenue$515.3MMiss by $1.6M
EPS$0.41Miss by $0.04
Revenue estimate$516.9M
EPS estimate$0.45

Next report

Date not yet announced

Financials

Q1 2024

Income statement

See full
Revenue$515.3M-17.0%
Gross profit$76.4M-34.1%
Operating income$29.6M-57.7%
Net income$18.2M-64.5%
EPS (diluted)$0.39-62.5%

Balance sheet

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Cash & equivalents$115.8M+69.7%
Total debt$428.6M+2.6%
Total equity$546.1M+28.7%
Total assets$1.4B+5.3%

Cash flow

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Operating cash flow-$17.4M-125%
CapEx$19.2M-38.9%
Free cash flow-$36.6M-196%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$1.36B+16.4%
Enterprise value$1.67B+10.2%
P/E6.9×-0.9×
P/S0.6×+0.1×

Profitability

See full
Gross margin18.9%+4.1pp
Operating margin11.2%+2.8pp
Net margin8.2%+2.3pp
FCF margin6%

Returns & leverage

See full
Return on equity40.8%+1.4pp
Debt / equity0.8×-0.2×
Current ratio1.9×+0.3×

Segments

By product

See full
New trailers$365.3M-24.7%
Equipment and other$113.0M+13.3%
Components, parts and services$35.6M-0.1%
Used trailers$1.3M+149%

By segment

See full
Transportation Solutions$470.4M-18.6%
Parts & Services$49.2M+4.4%

Versus estimates

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Questions, answered.

When did Wabash National report Q1 2024 earnings?
Wabash National (WNC) reported Q1 2024 earnings on April 24, 2024 before market open.
What were Wabash National's Q1 2024 revenue and EPS?
Wabash National reported revenue of $515.3M and eps of $0.41 for Q1 2024.
Did Wabash National beat estimates in Q1 2024?
Revenue missed the consensus estimate of $516.9M by $1.6M. EPS missed the consensus estimate of $0.45 by $0.04.
Where can I find Wabash National's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0000879526-24-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.