WABASH NATIONAL Corp SEC Filings

BlackRock, Inc. has filed Amendment No. 3 to a Schedule 13G reporting its beneficial ownership in Wabash National Corporation common stock as of 12/31/2025. BlackRock reports beneficial ownership of 3,067,649 shares of common stock, representing 7.6% of the outstanding class.

BlackRock has sole power to vote or direct the vote over 3,025,122 shares and sole power to dispose or direct the disposition of 3,067,649 shares, with no shared voting or dispositive power. The filing explains that the position reflects securities held by certain BlackRock business units, and that various underlying persons have rights to dividends or sale proceeds, but no single person has more than five percent of the total outstanding common shares. BlackRock certifies the shares are held in the ordinary course of business and not for the purpose of influencing control of Wabash National.

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.

Wabash National Corp President and CEO Brent Yeagy reported a change in his personal holdings of company stock. On 12/15/2025, he disposed of 3,978 shares of Wabash National common stock at a price of $9.9 per share. After this transaction, he directly beneficially owns 581,147 shares of Wabash National common stock.

Wabash National (WNC) filed a Schedule 13G/A (Amendment No. 1) reporting that First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation beneficially own 118,010 common shares, equal to 0.29% of the class, as of 09/30/2025.

The filing lists sole voting power: 0, shared voting power: 56, sole dispositive power: 0, and shared dispositive power: 118,010. The signatories state the securities were acquired and are held in the ordinary course and not for changing or influencing control. The unit investment trusts that hold shares vote via their trustee; the reporting persons disclaim beneficial ownership beyond what is reported.

Wabash National Corporation reported Q3 2025 results showing lower sales but positive earnings. Net sales were $381.6 million versus $464.0 million a year ago. Net income was $40.0 million (diluted EPS $0.97), compared with a net loss of $330.2 million last year, when results were affected by large charges. Gross profit was $15.7 million. For the first nine months, net sales were $1.221 billion and net income was $261.6 million.

Operating cash flow for the nine months was $69.1 million. Cash stood at $91.7 million with long‑term debt of $422.7 million, including $400 million Senior Notes due 2028 and $25.0 million outstanding on the revolver. The company completed the acquisition of Trailerhawk.ai on February 3, 2025, recognizing $8.2 million of goodwill and provisionally valuing identifiable intangibles at $9.1 million, with potential earnouts of up to $15.0 million over seven years. On October 1, 2025, Wabash exercised a call right to acquire its partner’s interest in Linq Venture Holdings LLC for $6.4 million plus forgiveness of the related loan receivable, with an anticipated closing of January 1, 2026. Shares outstanding were 40,516,637 as of October 23, 2025.

Wabash National (WNC) reported an insider transaction by SVP, Chief Operating Officer Donald Winston. On 10/29/2025, he disposed of 724 shares of common stock at $8.31 under transaction code F. Following the transaction, he beneficially owns 45,355 shares, held directly.

Wabash National (WNC) reported an insider transaction by its SVP, Chief Commercial Officer. On 10/29/2025, the officer executed a Code F transaction, indicating shares were withheld to cover taxes upon equity vesting. The filing shows 744 shares of common stock at a price of $8.31 were used for this purpose. Following this event, the officer beneficially owns 23,059 shares, held directly.

Wabash National Corporation filed an 8-K stating it issued a press release announcing financial results for the quarter ended September 30, 2025. The company furnished the release as Exhibit 99.1 and noted that both the press release and a teleconference visual presentation are available on its Investor Relations website at ir.onewabash.com.

The disclosure is presented under Item 2.02 (Results of Operations and Financial Condition) with the exhibit index also listing the Cover Page Interactive Data File.

Wabash National Corporation (WNC) expects third-quarter 2025 net sales of $382M, down from $464M in the prior-year quarter, reflecting continued soft demand. The company expects GAAP earnings of $0.97 per diluted share versus a prior-year loss of $7.53 per diluted share, and a third-quarter 2025 non-GAAP adjusted loss per diluted share of $0.51 compared with a non-GAAP adjusted earnings per diluted share of $0.19 in the third quarter of 2024.

Management cites challenging market conditions as the driver of lower revenue but says disciplined execution and prudent working capital management produced expected positive free cash flow year-to-date. The company excluded a non-cash expense adjustment related to a Product Liability Matter when reporting adjusted non-GAAP results. Further detail will be discussed on the earnings call scheduled for October 30, 2025.