Revenue: As of FY2025 Q3, the actual value is USD 381.6 M, beating the estimate of USD 381.52 M.EPS: As of FY2025 Q3, the actual value is USD 0.97, beating the estimate of USD 0.3521.EBIT: As of FY2025 Q3, the actual value is USD 62.62 M.<h3>Transportation Solutions Segment</h3><ul><li>Net Sales: $334.5 million for Q3 2025, a decrease of 19.5% compared to Q3 2024.</li><li>Cost of Sales: $329.4 million for Q3 2025, a decrease of 12.4% compared to Q3 2024.</li><li>Gross Profit: $5.1 million for Q3 2025, compared to $44.9 million for Q3 2024, a decrease of 88.7%.</li><li>Depreciation and Amortization: $12.3 million for Q3 2025.</li></ul><h3>Parts &amp; Services Segment</h3><ul><li>Net Sales: $61.0 million for Q3 2025, an increase of 16.5% compared to Q3 2024.</li><li>Cost of Sales: $50.3 million for Q3 2025, an increase of 17.6% compared to Q3 2024.</li><li>Gross Profit: $10.6 million for Q3 2025, compared to $11.1 million for Q3 2024, a decrease of 4.0%.</li><li>Depreciation and Amortization: $1.1 million for Q3 2025.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: $69.1 million for the nine months ended September 30, 2025, compared to $36.4 million for the same period in 2024.</li><li>Investing Activities: Used $74.3 million during the first nine months of 2025, compared to $59.6 million during the same period in 2024.</li><li>Financing Activities: Used $18.6 million during the first nine months of 2025, compared to $74.2 million during the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue funding working capital requirements, capital expenditures, and the Trailers as a Service (TAAS) SM initiative through operating cash flows or available borrowing capacity under the Revolving Credit Agreement.</li><li>Non-Core Business: The company is focusing on expanding its parts and services capabilities through Linq Venture Holdings LLC and Wabash Parts LLC, aiming to develop a digital marketplace for the transportation and logistics distribution industry.</li></ul><h3>Outlook</h3><ul><li>Industry Forecast: ACT and FTR forecast a decrease in U.S. trailer production for 2025, with estimates of 188,000 and 187,000 units, respectively, representing a decrease compared to 2024.</li><li>Strategic Positioning: The company believes it is well-positioned for both near-term and long-term success due to its strong balance sheet, liquidity profile, and diversification.</li></ul>

Wabash National | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 381.6 M