Wabash reported net sales of $416.8 million for the fourth quarter of 2024, with an operating income of $3.6 million, or 0.9% of sales. The company recorded a net loss attributable to common stockholders of $1.0 million, resulting in a diluted loss per share of $(0.02). For the full year 2024, revenue totaled $1.95 billion, with non-GAAP adjusted operating income of $94 million, representing 4.8% of sales.
Full year net loss attributable to common stockholders was $284.1 million, or $(6.40) per diluted share, while on a non-GAAP adjusted basis, full year net income was $54.7 million, or $1.22 per diluted share. Total company backlog as of December 31, 2024, was approximately $1.2 billion, showing a sequential increase from the prior quarter.
For the full year ending December 31, 2025, Wabash issued guidance with sales in the range of $1.9 billion to $2.1 billion, with a midpoint of $2.0 billion. Earnings per diluted share are projected to be between $0.85 and $1.05, with a midpoint of $0.95. Management described 2025 as a transitional year, anticipating stronger performance in Truck Bodies and Parts & Services.
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