Wabash Q3 sales slip; CEO eyes 2026 recovery

Wabash reported net sales for the third quarter of 2025 were $381.6 million, a 17.8% decrease compared to the same quarter of the previous year. The company generated consolidated gross profit of $16 million, equivalent to 4.1% of sales. GAAP operating income amounted to $58 million as the company recognized a $81 million gain as a result of a settlement agreement related to a 2019 accident and subsequent legal verdict. Non-GAAP adjusted operating loss was $23.6 million for the quarter.

As of September 30, the Wabash backlog stood at approximately $829 million, as customers continue to take “a wait-and-see approach,” to capital spending, the company noted.

For the full year ending December 31, Wabash reduced its revenue outlook to $1.5 billion.

“Our truck body business continued to face challenging market conditions through the third quarter, reflected in softness across medium-duty chassis production. Demand eased across most end markets as freight activity, construction, and industrial sectors slowed further,” Wabash President and CEO Brent Yeagy said. “Based on early customer discussions and the latest forecasts, we remain cautiously optimistic that 2026 could mark the beginning of a gradual recovery, supported by pent-up replacement needs and improving freight conditions.

“As we close out the third quarter, we’ve stayed true to our values while making the prudent—but sometimes difficult—decisions needed to manage our cost base in this environment. Our balance sheet is working, and our liquidity provides the flexibility to navigate near-term headwinds while investing in long-term growth.”

For the quarter, Wabash shipped 6,940 new trailers, down from 7,585 trailers in the 3Q last year. Truck body shipments totaled 3,065 units, down from 3,630.

See the December print edition of TBB for complete coverage of the Wabash third quarter earnings report and conference call with investment analysts.