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Wabash National WNC Q2 2024 earnings

Reported July 24, 2024 · Before market open

Revenue$550.6MMiss by $44.1M
EPS$0.64Beat by $0.08
Revenue estimate$594.7M
EPS estimate$0.56

Next report

Date not yet announced

Financials

Q2 2024

Income statement

See full
Revenue$550.6M-19.8%
Gross profit$89.7M-40.6%
Operating income$43.8M-57.6%
Net income$29.0M-61.0%
EPS (diluted)$0.64-58.4%

Balance sheet

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Cash & equivalents$77.3M-21.8%
Total debt$431.3M+2.1%
Total equity$550.4M+14.4%
Total assets$1.3B-3.3%

Cash flow

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Operating cash flow$11.0M-85.7%
CapEx$17.1M-29.9%
Free cash flow-$6.1M-112%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$991.16M-17.6%
Enterprise value$1.35B-11.9%
P/E6.5×+0.6×
P/S0.4×0.0×

Profitability

See full
Gross margin17.3%0.0pp
Operating margin9.2%-1.6pp
Net margin6.7%-1.1pp
FCF margin3.8%

Returns & leverage

See full
Return on equity29.6%-20.0pp
Debt / equity0.8×-0.1×
Current ratio+0.3×

Segments

By product

See full
New trailers$382.5M-26.7%
Equipment and other$132.5M+6.2%
Components, parts and services$34.5M-13.4%
Used trailers$1.1M+121%

By segment

See full
Transportation Solutions$498.7M-20.9%
Parts & Services$54.9M-11.5%

Versus estimates

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Questions, answered.

When did Wabash National report Q2 2024 earnings?
Wabash National (WNC) reported Q2 2024 earnings on July 24, 2024 before market open.
What were Wabash National's Q2 2024 revenue and EPS?
Wabash National reported revenue of $550.6M and eps of $0.64 for Q2 2024.
Did Wabash National beat estimates in Q2 2024?
Revenue missed the consensus estimate of $594.7M by $44.1M. EPS beat the consensus estimate of $0.56 by $0.08.
Where can I find Wabash National's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000879526-24-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.