Wabash National to Idle Two Plants, Take $15–$20M in Charges

Wabash National Corporation is idling its facilities in Little Falls, Minnesota and Goshen, Indiana, with the plan expected to be substantially complete by the end of Q2 2026.

Rhea-AI Filing Summary

Wabash National Corporation is idling its facilities in Little Falls, Minnesota and Goshen, Indiana, with the plan expected to be substantially complete by the end of Q2 2026. The action will reduce jobs by about 3 salaried and 53 hourly employees in Little Falls and 21 salaried and 193 hourly employees in Goshen. The company expects total charges between $15 million and $20 million, including $1 million to $2 million of cash charges primarily for associate-related and other exit costs, with the rest as non-cash asset impairment charges. It plans to record $12 million to $15 million of charges in Q4 2025 and $3 million to $5 million during the first half of 2026, with most cash outflows occurring by the end of Q2 2026. These steps are expected to reduce fixed costs in 2026 and in future years, and do not involve disposing of or discontinuing any business line.

Insights

Equity restructuring and industrial operations analyst

Wabash records $15–$20M charges to idle two plants, seeking future cost savings.

Wabash National Corporation plans to idle its Little Falls, Minnesota and Goshen, Indiana facilities, eliminating a combined 270 positions. It expects total pre-tax charges between $15 million and $20 million, with only $1 million to $2 million in cash costs and the balance tied to non-cash asset impairments.

The company plans to recognize $12 million to $15 million of these charges in Q4 2025 and another $3 million to $5 million in the first half of 2026. Most related cash outflows are expected by the end of Q2 2026, which concentrates the near-term financial impact into a defined window.

Management states these actions are expected to reduce fixed costs in 2026 and annually thereafter, while not discontinuing any business line. Actual financial outcomes will depend on how quickly the closures progress and how effectively operations are consolidated into remaining facilities, as well as broader demand and cost trends noted in the company’s risk factors.

8-K Event Classification

2 items: 2.05, 2.06

2 items

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Item 2.06 Material Impairments Financial

The company concluded that a material charge for impairment of assets (goodwill, intangibles, etc.) is required.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What restructuring actions did Wabash National (WNC) announce in this 8-K?

Wabash National announced a plan to idle its facilities in Little Falls, Minnesota and Goshen, Indiana, including associated job reductions and related exit and impairment charges.

How many employees are affected by Wabash National's facility idling plan?

The plan includes job reductions of approximately 3 salaried and 53 hourly employees in Little Falls and 21 salaried and 193 hourly employees in Goshen.

What total charges will Wabash National (WNC) record for the facility idling?

Wabash National expects total charges between $15 million and $20 million, with $1 million to $2 million in cash charges and the remainder as non-cash asset impairment charges.

When will Wabash National recognize the restructuring and impairment charges?

The company expects to record $12 million to $15 million of charges in Q4 2025 and $3 million to $5 million during the first half of 2026.

What is the expected timing of cash outflows from Wabash National's restructuring plan?

The majority of the cash outflows associated with the plan to idle the facilities are expected to occur by the end of Q2 2026.

Will Wabash National discontinue any business lines as part of this plan?

No. The company states that these actions do not involve the disposal or discontinuation of any business line, but are expected to reduce fixed costs in 2026 and beyond.

What risks and uncertainties does Wabash National highlight regarding this restructuring?

The company notes risks including cyclical demand, economic conditions, raw material costs, manufacturing improvements, customer pricing reactions, indebtedness costs, and other factors that could cause actual results to differ from expectations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/05/2026 - 04:14 PM Learn about SEC filing dates

false000087952600008795262026-01-052026-01-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 5, 2026

WABASH NATIONAL CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Delaware			001-10883			52-1375208
(State or other jurisdiction of Incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

 

3900 McCarty Lane
Lafayette			Indiana						47905
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (765) 771-5310

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

WNC

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05 Costs Associated with Exit or Disposal Activities.

On January 5, 2026, Wabash National Corporation (the “Company”) announced and initiated a plan to idle its facilities in Little Falls, Minnesota and in Goshen, Indiana. The plan includes job reductions of approximately 3 salaried and 53 hourly employees and 21 salaried and 193 hourly employees, respectively, and is expected to be substantially complete by the end of Q2 2026. The total charges associated with this action are expected to be between $15 million and $20 million, of which between $1 million and $2 million is expected to be cash charges primarily for associate-related and other exit costs and the remaining costs are expected to be non-cash charges primarily for asset impairment-related charges. The Company expects to record between $12 and $15 million of charges in the fourth quarter of 2025, and between $3 and $5 million of charges during the first half of 2026. The majority of the cash outflows associated with this plan will occur by the end of Q2 2026. These actions are expected to result in fixed cost reductions in 2026 and annually thereafter. The actions do not involve the disposal or discontinuation of any business line.

Item 2.06 Material Impairments.

The disclosure under Item 2.05 is incorporated by reference into this Item 2.06.

Forward-Looking Statements

This Current Report on Form 8-K (“Current Report”) contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey the Company’s current expectations or forecasts of future events. All statements contained in this Current Report other than statements of historical fact are forward-looking statements. These forward-looking statements include, among other things, all statements regarding the facility closures and expected charges described above, expectations regarding cash outflows and expected cost reductions, and the impact of the closures on the Company’s business and financial condition. These and the Company’s other forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Without limitation, these risks and uncertainties include outcomes with respect to the Product Liability Matter and the Settlement, the highly cyclical nature of our business, uncertain economic conditions including the possibility that customer demand may not meet our expectations, our backlog may not reflect future sales of our products, increased competition, reliance on certain customers and corporate partnerships, risks of customer pick-up delays, shortages and costs of raw materials including the impact of tariffs or other international trade developments, risks in implementing and sustaining improvements in the Company’s manufacturing operations and cost containment, dependence on industry trends and timing, supplier constraints, labor costs and availability, customer acceptance of and reactions to pricing changes, costs of indebtedness, and our ability to execute on our long-term strategic plan. Readers should review and consider the various disclosures made by the Company in this Current Report and in the Company’s reports to its stockholders and periodic reports on Forms 10-K and 10-Q.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			WABASH NATIONAL CORPORATION
Date: January 5, 2026			By:			/s/ Patrick Keslin
						Patrick Keslin
						Senior Vice President and Chief Financial Officer