Wabash National Corporation reported a decrease in net sales by 19.8% compared to the same quarter of the previous year, with net sales of $550.6 million. Diluted earnings per share was $0.64. The company has reduced its full year revenue outlook to $2.0B - $2.2B and EPS guidance to $1.50 - $1.60.
Quarterly revenue of $551 million, within the prior quarterly outlook range.
Operating income of $44 million with operating margin of 7.9%.
Quarterly diluted earnings per share of $0.64, exceeding the prior quarterly outlook range.
Total backlog of $1.3B; Q2 sequential reduction slightly more than usual seasonality.
The Company reduced its revenue outlook to a range of approximately $2.0 billion to $2.2 billion with a midpoint of $2.1 billion and reduced its EPS guidance to a range of $1.50 to $1.60 with a midpoint of $1.55 for the full-year ending December 31, 2024.
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