WABASH国立 2026年季度报告 WABASH National 2026 Quarterly Report

WABASH NATIONAL CORPORATIONFORM 10-Q TABLE OF CONTENTS PART I – FINANCIAL INFORMATION Condensed Consolidated Balance Sheets at March 31, 2026 and December 31, 20253Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 20254Condensed Consolidated Statements of Comprehensive(Loss) Income for the three months ended March31, 2026 and 20255Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 20256Condensed Consolidated Statements of Stockholders’ Equity for the three months ended March 31, 2026and 20257Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures about Market Risk37Item 4.Controls and Procedures38 PART II – OTHER INFORMATION Item 1.Legal Proceedings38Item 1A.Risk Factors38Item 2.Unregistered Sales of Equity Securities and Use of Proceeds38Item 5.Other Information38Item 6.Exhibits39Signatures40 WABASH NATIONAL CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS WABASH NATIONAL CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME The accompanying notes are an integral part of these Condensed Consolidated Statements. The accompanying notes are an integral part of these Condensed Consolidated Statements. WABASH NATIONAL CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. DESCRIPTION OF THE BUSINESS & BASIS OF PRESENTATION Company was founded in 1985 and incorporated as a corporation in Delaware in 1991, with its principal executive offices inLafayette, Indiana, as a dry van trailer manufacturer. Today the Company combines physical and digital technologies to deliverinnovative, end-to-end solutions that optimize supply chains across transportation, logistics, and infrastructure markets. To that end, the Company designs, manufactures, and services a diverse range of products supporting first-to-final mile operations,including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural compositepanels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. In addition, through Wabash Hub,customers gain access to a nationwide parts and service network, Trailers as a Service (TaaS)℠, and advanced tools designed to The condensed consolidated financial statements of the Company have been prepared without audit, pursuant to the rules andregulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financialstatements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) have been condensed or omittedpursuant to such rules and regulations. In the opinion of management, the accompanying condensed consolidated financial statementscontain all material adjustments (consisting only of normal recurring adjustments) necessary to present fairly the consolidated financial The condensed consolidated financial statements included herein should be read in conjunction with the consolidated financialstatements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December31, 2025. 2. NEW ACCOUNTING PRONOUNCEMENTS In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update No. 2024-03, “Income Statement -Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income StatementExpenses”, which requires additional disclosure of the nature of expenses included in the consolidated financial statements. The 3. REVENUE RECOGNITION The Company recognizes revenue from the sale of its products when obligations under the terms of a contract with our customers aresatisfied; this occurs with the transfer of control of our products and replacement parts or throughout the completion of service work.Revenue is measured as the amount of consideration we expect to receive in exchange for transferring promised goods or services to acustomer and excludes all taxes collected from the customer. Shipping and handling fees are included inNet sales,and the associated The Company has identified three separate and distinct performance obligations: (1) the sale of a trailer or equipment, (2) the sale ofreplacement parts, and (3) service work. For trailer, truck body, equipment, and replacement part sales, control is transferred andrevenue is recognized from the sale upon shipment to or pick up by the customer in accordance with the contract terms. The Companydoes not have any material extended payment terms as payment is received shortly after the point of sale. Accounts receivable arerecorded when the right to consideration becomes unconditional. The Company does have customers who pay for the product prior to 4. BUSINESS COMBINATIONS Linq Venture Holdings LLC The Company accou