other material
confidence high
sentiment negative
materiality 0.85
Wabash Q3 prelim sales $382M, adj EPS loss $0.51; settles product liability suit for $30M
WABASH NATIONAL Corp
- Preliminary Q3 net sales $382M, 18% below prior year $464M; GAAP EPS $0.97, adjusted loss $0.51.
- Finalized settlement of product liability suit; company contributes $30M, covered by insurance.
- Settlement reverses $81.2M of prior charge; punitive damages reduced from $450M to $108M in March.
- Adjusted EPS loss excludes $1.97 per share product liability adjustment; free cash flow positive YTD.
- Earnings call scheduled for October 30, 2025 to discuss full results.