Wabash National Corporation (WNC)

Over the past six months, Wabash National Corp. stock has experienced a significant decline, with the share price at $9.03 as of October 24, 2025, nearly 50% down from $17.98 on October 25, 2024. The stock has plunged 54% over the last year and is down 22% in the month leading up to October 12, 2025. Key events impacting the stock include reduced demand and lowered 2025 guidance, Q2 2025 earnings with a revenue drop and slashed FY25 outlook, the scheduling of the Q3 2025 earnings call, the announcement of new "Trailers as a Service" (TaaS) offerings, the expansion of its network in the Southeast, and a consensus analyst rating of "Reduce."

The demand for Wabash National's products can be influenced by seasonal and cyclical factors. The U.S. trailer industry has experienced shifts in production levels. While there isn't explicit information detailing a strict seasonal pattern for Wabash National's specific products, the broader transportation and logistics industries, which Wabash serves, can experience fluctuations. Overall, the demand is tied to fleet investment, freight demand, and economic stability.

Wabash National Corp. is an American diversified industrial manufacturing company and innovation leader in connected solutions for the transportation, logistics, and distribution industries, operating primarily within the Industrials sector. The company designs, manufactures, and services a diverse range of products, including trailers, truck bodies, structural composite panels, and specialty food-grade processing equipment, sold under various brand names. Wabash National manages its business through two main operating segments: Transportation Solutions and Parts & Services.

Wabash National is headquartered in Lafayette, Indiana, which is also the location of its main production facility. The company has additional manufacturing plants in Cadiz, Kentucky; Harrison, Arkansas; Kansas City, Kansas; Portland, Oregon; New Lisbon, Wisconsin; Fond du Lac, Wisconsin; and San Jose Iturbide, Guanajuato, Mexico. Wabash National operates a network of Parts & Services centers throughout the United States, with locations in California, Florida, Ohio, Pennsylvania, and Texas. In September 2025, the company expanded its network in the Southeast by opening a new Parts & Service center in the Atlanta metro area, which also serves customers in Georgia, Alabama, South Carolina, and Tennessee. The company also has a network of dealerships in North America called Wabash National Trailer Centers.

In the past year, Wabash National's brand reputation has been impacted by a "nuclear verdict lawsuit" in Missouri, which was later settled out of court. Despite this, Wabash continues to highlight its commitment to innovation and customer solutions, as evidenced by the expansion of its "Trailers as a Service" offerings and its growing network of service centers. The company also emphasizes operational excellence, customer collaboration, and sustainability initiatives.

Wabash National Corp. has a mixed ownership structure, with a significant portion held by institutional investors, approximately 85.27% to 98.98%. Individual investors and public companies hold a smaller percentage, with some sources indicating around 2.59% to 47.38% for public companies and individual investors, and 4.06% to 17.09% held by insiders. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and First Trust Advisors LP. The largest individual shareholder is Jeffrey L. Et Al Gendell, owning approximately 2.96 million shares, representing 7.22% of the company.