2024 Q2 Form 10-Q Financial Statement

#000087952624000016 Filed on April 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $550.6M $515.3M $596.1M
YoY Change -19.81% -17.02% -9.33%
Cost Of Revenue $461.0M $438.8M $487.9M
YoY Change -13.94% -13.09% -13.32%
Gross Profit $89.66M $76.45M $108.2M
YoY Change -40.63% -34.11% 14.4%
Gross Profit Margin 16.28% 14.84% 18.16%
Selling, General & Admin $41.91M $43.72M $43.83M
YoY Change -5.86% 1.84% 30.08%
% of Gross Profit 46.74% 57.18% 40.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.72M $12.74M $12.64M
YoY Change 31.03% 96.15% 30.2%
% of Gross Profit 15.3% 16.66% 11.67%
Operating Expenses $41.91M $46.87M $47.04M
YoY Change -12.18% 9.2% 27.56%
Operating Profit $43.76M $29.57M $61.19M
YoY Change -57.64% -57.69% 6.0%
Interest Expense $4.948M -$6.474M -$5.744M
YoY Change -199.22% -229.64% 10.8%
% of Operating Profit 11.31% -21.89% -9.39%
Other Income/Expense, Net -$3.376M $1.609M $1.687M
YoY Change -810.74% -134.93% 54.06%
Pretax Income $38.97M $24.71M $57.05M
YoY Change -60.55% -62.16% 6.76%
Income Tax $9.800M $6.423M $6.541M
% Of Pretax Income 25.15% 25.99% 11.47%
Net Earnings $28.96M $18.17M $50.38M
YoY Change -61.04% -64.53% 21.51%
Net Earnings / Revenue 5.26% 3.53% 8.45%
Basic Earnings Per Share $0.65 $0.40 $1.10
Diluted Earnings Per Share $0.64 $0.39 $1.07
COMMON SHARES
Basic Shares Outstanding 45.02M shares 45.09M shares 46.09M shares
Diluted Shares Outstanding 45.37M shares 46.25M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.29M $115.8M $179.3M
YoY Change -21.77% 69.66% 207.79%
Cash & Equivalents $77.29M $115.8M $179.3M
Short-Term Investments
Other Short-Term Assets $3.120M $37.06M $51.46M
YoY Change -93.8% 484.59% 818.71%
Inventory $272.9M $278.6M $267.6M
Prepaid Expenses
Receivables $243.2M $247.7M $183.0M
Other Receivables $7.716M $8.420M $0.00
Total Short-Term Assets $644.0M $687.5M $681.4M
YoY Change -11.6% 0.67% 14.97%
LONG-TERM ASSETS
Property, Plant & Equipment $366.2M $367.5M $325.4M
YoY Change 7.63% 18.35% 10.65%
Goodwill $188.4M $188.4M $188.4M
YoY Change 0.01% -0.01% -0.01%
Intangibles $80.27M $83.26M $86.42M
YoY Change -13.53% -13.29% -12.91%
Long-Term Investments $0.00 $161.0K $1.647M
YoY Change
Other Assets $94.91M $51.66M $79.54M
YoY Change 170.29% -2.45% 52.61%
Total Long-Term Assets $695.3M $691.0M $681.5M
YoY Change 5.9% 10.35% 11.55%
TOTAL ASSETS
Total Short-Term Assets $644.0M $687.5M $681.4M
Total Long-Term Assets $695.3M $691.0M $681.5M
Total Assets $1.339B $1.379B $1.363B
YoY Change -3.3% 5.3% 13.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.5M $211.8M $156.6M
YoY Change -24.05% -15.46% -17.2%
Accrued Expenses $147.9M $92.01M $195.6M
YoY Change 27.1% -47.07% 23.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $323.4M $368.6M $352.2M
YoY Change -25.39% -13.15% 1.36%
LONG-TERM LIABILITIES
Long-Term Debt $396.8M $396.6M $396.5M
YoY Change 0.17% 0.17% 0.16%
Other Long-Term Liabilities $55.15M $53.58M $47.03M
YoY Change 35.3% 49.18% 36.89%
Total Long-Term Liabilities $451.9M $450.2M $443.5M
YoY Change 3.44% 4.24% 3.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $323.4M $368.6M $352.2M
Total Long-Term Liabilities $451.9M $450.2M $443.5M
Total Liabilities $788.5M $832.4M $813.3M
YoY Change -12.78% -5.83% 0.98%
SHAREHOLDERS EQUITY
Retained Earnings $443.7M $418.9M $403.9M
YoY Change 45.09% 77.97% 114.58%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $576.5M $554.8M $532.7M
YoY Change 16.62% 15.58% 16.7%
Treasury Stock Shares
Shareholders Equity $550.4M $546.1M $549.5M
YoY Change
Total Liabilities & Shareholders Equity $1.339B $1.379B $1.363B
YoY Change -3.3% 5.3% 13.24%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $28.96M $18.17M $50.38M
YoY Change -61.04% -64.53% 21.51%
Depreciation, Depletion And Amortization $13.72M $12.74M $12.64M
YoY Change 31.03% 96.15% 30.2%
Cash From Operating Activities $11.02M -$17.41M $114.9M
YoY Change -85.66% -125.06% 121.25%
INVESTING ACTIVITIES
Capital Expenditures $17.10M $19.19M $14.60M
YoY Change -38.12% -38.95% -1.26%
Acquisitions
YoY Change
Other Investing Activities -$7.100M -$2.296M
YoY Change -783.33%
Cash From Investing Activities -$24.20M -$19.19M -$16.89M
YoY Change -12.44% -38.95% 16.93%
FINANCING ACTIVITIES
Cash Dividend Paid $4.151M
YoY Change -8.79%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.32M -26.89M -24.02M
YoY Change 35.69% -4.17% -60.44%
NET CHANGE
Cash From Operating Activities 11.02M -17.41M 114.9M
Cash From Investing Activities -24.20M -19.19M -16.89M
Cash From Financing Activities -25.32M -26.89M -24.02M
Net Change In Cash -38.50M -63.49M 73.98M
YoY Change -226.04% -734.85% -418.44%
FREE CASH FLOW
Cash From Operating Activities $11.02M -$17.41M $114.9M
Capital Expenditures $17.10M $19.19M $14.60M
Free Cash Flow -$6.081M -$36.60M $100.3M
YoY Change -112.36% -196.15% 170.01%

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DESCRIPTION OF THE BUSINESS &amp; BASIS OF PRESENTATION<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Wabash National Corporation (the “Company,” “Wabash,” “we,” “our,” or “us”) was founded in 1985 and incorporated as a corporation in Delaware in 1991, with its principal executive offices in Lafayette, Indiana. The Company was founded as a dry van trailer manufacturer—today, the Company enables customers to thrive by providing insight into tomorrow and delivering pragmatic solutions today to move everything from first to final mile. The Company designs, manufactures, and services a diverse range of products, including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. This diversification has been achieved through acquisitions, organic growth, and product innovation.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated financial statements of the Company have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the accompanying condensed consolidated financial statements contain all material adjustments (consisting only of normal recurring adjustments) necessary to present fairly the consolidated financial position of the Company, its results of operations, and its cash flows. The Company consolidates into its financial statements the accounts of the Company and any partially owned subsidiary it has the ability to control (see Note 5). The Company does not have any subsidiaries it consolidates based solely on the power to direct the activities and significant participation in the entity’s expected results that would not otherwise be consolidated based on control through voting interests. Further, its affiliates are businesses established and maintained in connection with its operating strategy and are not special purposes entities. All intercompany transactions and balances have been eliminated.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.</span></div>
CY2024Q1 wnc Number Of Distinct Performance Obligations
NumberOfDistinctPerformanceObligations
3 performanceobligation
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
296834000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
108400000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
188434000 usd
CY2023 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-25000 usd
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
296809000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
108400000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
31972000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
188409000 usd
CY2023Q1 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-2000 usd
CY2024Q1 us-gaap Goodwill Gross
GoodwillGross
296807000 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
108400000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
188407000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
603000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
512000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
120000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
603000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
0 usd
CY2023 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
0 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
603000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
512000 usd
CY2024Q1 us-gaap Minority Interest
MinorityInterest
120000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
603000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32219000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
152391000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
156314000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
98634000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
86586000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16121000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
14102000 usd
CY2024Q1 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
7653000 usd
CY2023Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
7263000 usd
CY2024Q1 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
3751000 usd
CY2023Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
3370000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
278551000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
267635000 usd
CY2024Q1 wnc Chassis Converter Pool Assets Current
ChassisConverterPoolAssetsCurrent
22354000 usd
CY2023Q4 wnc Chassis Converter Pool Assets Current
ChassisConverterPoolAssetsCurrent
27312000 usd
CY2024Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
CY2024Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
8420000 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
11840000 usd
CY2024Q1 us-gaap Prepaid Insurance
PrepaidInsurance
9591000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
5899000 usd
CY2024Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1261000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1511000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
3851000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4895000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
45477000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
51457000 usd
CY2024Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2024Q1 wnc Operating Leaseand Finance Lease Rightof Use Asset
OperatingLeaseandFinanceLeaseRightofUseAsset
31972000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
400000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
400000000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3369000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3535000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
396631000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
396465000 usd
CY2024Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
43400000 usd
CY2024Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
271000 usd
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
466000 usd
CY2024Q1 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
900000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2100000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
300000 usd
CY2024Q1 us-gaap Lessor Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
LessorOperatingLeaseLeaseNotYetCommencedAssumptionAndJudgmentValueOfUnderlyingAssetAmount
0 usd
CY2023Q4 wnc Operating Leaseand Finance Lease Rightof Use Asset
OperatingLeaseandFinanceLeaseRightofUseAsset
32219000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9390000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9049000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22582000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23170000 usd
CY2024Q1 wnc Operating Leaseand Finance Lease Liability
OperatingLeaseandFinanceLeaseLiability
31972000 usd
CY2023Q4 wnc Operating Leaseand Finance Lease Liability
OperatingLeaseandFinanceLeaseLiability
32219000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
2760000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1871000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
2760000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
1871000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8155000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
0 usd
CY2024Q1 wnc Operating Lease And Finance Lease Liability To Be Paid Remainder Of Fiscal Year
OperatingLeaseAndFinanceLeaseLiabilityToBePaidRemainderOfFiscalYear
8155000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10047000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
0 usd
CY2024Q1 wnc Operating Lease And Finance Lease Liability To Be Paid Year One
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearOne
10047000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8954000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2024Q1 wnc Operating Lease And Finance Lease Liability To Be Paid Year Two
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearTwo
8954000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4721000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q1 wnc Operating Lease And Finance Lease Liability To Be Paid Year Three
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearThree
4721000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1970000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q1 wnc Operating Lease And Finance Lease Liability To Be Paid Year Four
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearFour
1970000 usd
CY2024Q1 wnc Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
1082000 usd
CY2024Q1 wnc Finance Lease Liability To Be Paid Due After Year Four
FinanceLeaseLiabilityToBePaidDueAfterYearFour
0 usd
CY2024Q1 wnc Operating And Finance Lease Liability To Be Paid Due After Year Four
OperatingAndFinanceLeaseLiabilityToBePaidDueAfterYearFour
1082000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34929000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
0 usd
CY2024Q1 wnc Operatingand Finance Lease Liability Payments Due
OperatingandFinanceLeaseLiabilityPaymentsDue
34929000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2957000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
31972000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0495
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0494
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2736000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1895000 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
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0 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
643000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
0 usd
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
0 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
0 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
643000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
0 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1557000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2064000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2064000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1943000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1567000 usd
CY2024Q1 wnc Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
99000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
9294000 usd
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20053000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
21286000 usd
CY2024Q1 wnc Chassis Converter Pool Liability Current
ChassisConverterPoolLiabilityCurrent
22354000 usd
CY2023Q4 wnc Chassis Converter Pool Liability Current
ChassisConverterPoolLiabilityCurrent
27312000 usd
CY2024Q1 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
13540000 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
40265000 usd
CY2024Q1 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
33582000 usd
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
45586000 usd
CY2024Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
11400000 usd
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
11311000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
8317000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
3817000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9390000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9049000 usd
CY2024Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
30190000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
24662000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7944000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12313000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
156770000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
195601000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
21286000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
22061000 usd
CY2024Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
444000 usd
CY2023Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
756000 usd
CY2024Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1677000 usd
CY2023Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1260000 usd
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20053000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
21557000 usd
CY2024Q1 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
20063000 usd
CY2023Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
18510000 usd
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
396631000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
396465000 usd
CY2024Q1 wnc Chassis Converter Pool Liability Current
ChassisConverterPoolLiabilityCurrent
22400000 usd
CY2024Q1 wnc Chassis Converter Pool Delivery Period
ChassisConverterPoolDeliveryPeriod
P90D
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18167000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51213000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45383000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47770000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18167000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51213000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45383000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47770000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
871000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1366000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46254000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49136000 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
23500000 usd
CY2024Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2024Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P3Y
CY2021Q3 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2018Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 usd
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
172900000 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-106000 usd
CY2024Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-566000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
460000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-100000 usd
CY2024Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-200000 usd
CY2023Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
694000 usd
CY2023Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
366000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
328000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
100000 usd
CY2023Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
100000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6400000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13900000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.213
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
515276000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
515276000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
29575000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
620952000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
620952000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
69900000 usd
CY2024Q1 wnc Number Of Product Categories
NumberOfProductCategories
4 product_category
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
515276000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
620952000 usd
CY2018Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0000879526-24-000016-index-headers.html Edgar Link pending
0000879526-24-000016-index.html Edgar Link pending
0000879526-24-000016.txt Edgar Link pending
0000879526-24-000016-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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wnc-20240331_htm.xml Edgar Link completed
wnc-20240331_cal.xml Edgar Link unprocessable