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Wabash reports softer second quarter - Global Trailer
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Wabash reports softer second quarter - Global Trailer
Image: Wabash.US-based OEM, Wabash, has reported a weaker second quarter but rising backlog and improving freight fundamentals signal a potential market recovery ahead. The OEM reported Q2 revenue of €382 million, down 9.1 per cent year‑on‑year. Wabash recorded a GAAP operating loss of €23 million, including €1.6 million in facility‑idling costs. Adjusted operating loss totalled €21.5 million. Wabash President and CEO, Brent Yeagy, said freight …
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