Wabash reported a decrease in revenue and non-GAAP EPS for the first quarter of 2025 compared to the prior year, primarily due to weaker Transportation Solutions demand and tariff-related uncertainty. However, GAAP EPS was significantly higher due to a gain related to a reduced legal verdict. The Parts & Services segment showed revenue growth.
Quarterly revenue was $381 million, a 26.1% decrease year-over-year.
GAAP EPS was $5.36, while Non-GAAP adjusted EPS was $(0.58).
Total backlog was $1.2 billion at the end of Q1 2025, a decrease of 32% compared to Q1 2024.
The company reduced its full-year 2025 revenue and non-GAAP adjusted EPS guidance.
Wabash reduced its full-year 2025 revenue and Non-GAAP adjusted EPS guidance due to weaker than anticipated first quarter results and a softer market outlook.
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