<p>Wabash National 最近的财报电话会议描绘了公司业绩和未来前景的复杂局面。尽管零部件和服务业务以及战略扩展有显著增长，但卡车车身业务和整体市场环境的重大挑战导致了指导预期的下调。</p>
<h2>零部件和服务收入增长</h2>
<p>Wabash National 的零部件和服务部门在第三季度展现出韧性，实现了环比和同比的收入增长。该业务同比增长了 16%，环比增长了 2%，突显了其在艰难市场环境中的强劲表现。</p>
<h2>设备改装中心的扩展</h2>
<p>Wabash National 在第三季度成功开设了两个新的设备改装中心，并计划在第四季度在凤凰城再开设一个。这一战略扩展为持续增长奠定了基础，展示了公司提升服务能力的承诺。</p>
<h2>作为服务的拖车计划</h2>
<p>公司继续扩展其作为服务的拖车（TaaS）计划，引入了预测分析和自动跟踪等新功能。这些进展使 Wabash National 在未来需求恢复中处于有利位置，利用技术提升客户体验和运营效率。</p>
<h2>法律事务的和解</h2>
<p>第三季度的一个重要进展是与 2019 年法律事务相关的和解的最终确定。这一解决方案带来了约 8100 万美元的净调整，使公司能够在没有法律不确定性负担的情况下向前推进。</p>
<h2>卡车车身业务的下滑</h2>
<p>卡车车身业务面临重大挑战，生产量下降导致收入低于指导预期。该部门的困境是本季度整体收入下降的关键因素。</p>
<h2>整体收入和每股收益下降</h2>
<p>Wabash National 报告第三季度收入为 3.82 亿美元，低于指导预期。调整后的净收入为负 2120 万美元，或每股负 0.51 美元，反映了艰难市场环境和运营障碍的影响。</p>
<h2>下调全年指导</h2>
<p>公司将 2025 年的全年指导下调至 15 亿美元的收入和每股调整后收益负 2 美元，原因是市场环境疲软。这一调整凸显了特别是在卡车车身业务中面临的困难，以及重新校准预期的必要性。</p>
<h2>关税的影响</h2>
<p>232 条款关税已开始影响竞争格局，第三季度由于供应商价格上涨造成的影响估计为 100 万美元。这一发展为公司的运营挑战增添了另一层复杂性。</p>
<h2>前瞻性指导</h2>
<p>在财报电话会议中，Wabash National 提供了前瞻性指导，强调了全年持续存在的市场挑战。公司下调了 2025 年的全年收入和每股收益预期，预计收入为 15 亿美元，调整后每股收益约为负 2 美元。尽管当前市场疲软，Wabash 对于 2026 年开始逐步恢复的前景仍持乐观态度，主要受压抑的替换需求和改善的货运条件推动。</p>
<p>总之，Wabash National 的财报电话会议反映了复杂的情绪，某些领域的增长被其他领域的重大挑战所掩盖。公司的战略扩展和计划提供了积极的前景，但当前的市场条件需要谨慎乐观。投资者和利益相关者将密切关注 Wabash 如何在未来几个季度应对这些挑战。</p>

Wabash国立

<p>Wabash National 的第三季度财报电话会议显示出混合的结果，零部件和服务业务同比增长 16%，但卡车车身业务面临挑战，导致收入下降。公司报告收入为 3.82 亿美元，调整后的每股收益为负 0.51 美元。Wabash 将 2025 年全年的收入预期下调至 15 亿美元，调整后的每股收益为负 2 美元，原因是市场困难。尽管面临这些挑战，公司对 2026 年开始的逐步复苏持乐观态度，认为这将受到积压需求和改善的货运条件的推动</p>

<p>Wabash National’s recent earnings call painted a mixed picture of the company’s performance and future outlook. While there was notable growth in parts and services and strategic expansions, significant challenges in the truck body business and overall market conditions led to a reduction in guidance.</p>
<div class="lb-trans"><p>Wabash National 最近的财报电话会议描绘了公司业绩和未来前景的复杂局面。尽管零部件和服务业务以及战略扩展有显著增长，但卡车车身业务和整体市场环境的重大挑战导致了指导预期的下调。</p>
</div><h2>Parts and Service Revenue Growth</h2>
<div class="lb-trans"><h2>零部件和服务收入增长</h2>
</div><p>The parts and service segment of Wabash National showcased resilience by delivering both sequential and year-over-year revenue growth in the third quarter. The business achieved a 16% year-over-year increase and a 2% sequential rise, highlighting its robustness amid challenging market conditions.</p>
<div class="lb-trans"><p>Wabash National 的零部件和服务部门在第三季度展现出韧性，实现了环比和同比的收入增长。该业务同比增长了 16%，环比增长了 2%，突显了其在艰难市场环境中的强劲表现。</p>
</div><h2>Expansion of Upfit Centers</h2>
<div class="lb-trans"><h2>设备改装中心的扩展</h2>
</div><p>Wabash National successfully opened two new upfit centers in the third quarter, with plans to launch another in Phoenix in the fourth quarter. This strategic expansion sets the stage for continued growth and demonstrates the company’s commitment to enhancing its service offerings.</p>
<div class="lb-trans"><p>Wabash National 在第三季度成功开设了两个新的设备改装中心，并计划在第四季度在凤凰城再开设一个。这一战略扩展为持续增长奠定了基础，展示了公司提升服务能力的承诺。</p>
</div><h2>Trailers as a Service Initiative</h2>
<div class="lb-trans"><h2>作为服务的拖车计划</h2>
</div><p>The company continued to expand its Trailers as a Service (TaaS) initiative, introducing new capabilities such as predictive analytics and automated tracking. These advancements position Wabash National well for future demand recovery, leveraging technology to enhance customer experience and operational efficiency.</p>
<div class="lb-trans"><p>公司继续扩展其作为服务的拖车（TaaS）计划，引入了预测分析和自动跟踪等新功能。这些进展使 Wabash National 在未来需求恢复中处于有利位置，利用技术提升客户体验和运营效率。</p>
</div><h2>Settlement of Legal Matter</h2>
<div class="lb-trans"><h2>法律事务的和解</h2>
</div><p>A significant development in the third quarter was the finalization of a settlement related to a 2019 legal matter. This resolution brought clarity with a net adjustment of approximately $81 million, allowing the company to move forward without the overhang of legal uncertainty.</p>
<div class="lb-trans"><p>第三季度的一个重要进展是与 2019 年法律事务相关的和解的最终确定。这一解决方案带来了约 8100 万美元的净调整，使公司能够在没有法律不确定性负担的情况下向前推进。</p>
</div><h2>Decline in Truck Body Business</h2>
<div class="lb-trans"><h2>卡车车身业务的下滑</h2>
</div><p>The truck body business faced considerable challenges, with lower production volumes resulting in revenue falling below guidance. This segment’s struggles were a key factor in the overall revenue decline for the quarter.</p>
<div class="lb-trans"><p>卡车车身业务面临重大挑战，生产量下降导致收入低于指导预期。该部门的困境是本季度整体收入下降的关键因素。</p>
</div><h2>Overall Revenue and EPS Decline</h2>
<div class="lb-trans"><h2>整体收入和每股收益下降</h2>
</div><p>Wabash National reported a third-quarter revenue of $382 million, which was below guidance. The adjusted net income was negative $21.2 million, or negative $0.51 per share, reflecting the impact of challenging market conditions and operational hurdles.</p>
<div class="lb-trans"><p>Wabash National 报告第三季度收入为 3.82 亿美元，低于指导预期。调整后的净收入为负 2120 万美元，或每股负 0.51 美元，反映了艰难市场环境和运营障碍的影响。</p>
</div><h2>Reduced Full Year Guidance</h2>
<div class="lb-trans"><h2>下调全年指导</h2>
</div><p>The company lowered its full-year 2025 guidance to $1.5 billion in revenue and negative $2 in adjusted EPS, citing softer market conditions. This adjustment underscores the difficulties faced, particularly in the truck body business, and the need to recalibrate expectations.</p>
<div class="lb-trans"><p>公司将 2025 年的全年指导下调至 15 亿美元的收入和每股调整后收益负 2 美元，原因是市场环境疲软。这一调整凸显了特别是在卡车车身业务中面临的困难，以及重新校准预期的必要性。</p>
</div><h2>Impact of Tariffs</h2>
<div class="lb-trans"><h2>关税的影响</h2>
</div><p>Section 232 tariffs have begun to affect the competitive landscape, with an estimated $1 million impact from vendor price increases in the third quarter. This development adds another layer of complexity to the company’s operational challenges.</p>
<div class="lb-trans"><p>232 条款关税已开始影响竞争格局，第三季度由于供应商价格上涨造成的影响估计为 100 万美元。这一发展为公司的运营挑战增添了另一层复杂性。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>During the earnings call, Wabash National provided forward-looking guidance that highlighted persistent market challenges throughout the year. The company revised its full-year 2025 revenue and EPS expectations downward, with a forecast of $1.5 billion in revenue and an adjusted EPS of approximately negative $2. Despite the current soft market, Wabash remains optimistic for a gradual recovery starting in 2026, driven by pent-up replacement needs and improved freight conditions.</p>
<div class="lb-trans"><p>在财报电话会议中，Wabash National 提供了前瞻性指导，强调了全年持续存在的市场挑战。公司下调了 2025 年的全年收入和每股收益预期，预计收入为 15 亿美元，调整后每股收益约为负 2 美元。尽管当前市场疲软，Wabash 对于 2026 年开始逐步恢复的前景仍持乐观态度，主要受压抑的替换需求和改善的货运条件推动。</p>
</div><p>In summary, Wabash National’s earnings call reflected a mixed sentiment, with growth in certain areas overshadowed by significant challenges in others. The company’s strategic expansions and initiatives offer a positive outlook, but the current market conditions necessitate cautious optimism. Investors and stakeholders will be keenly watching how Wabash navigates these challenges in the coming quarters.</p>
<div class="lb-trans"><p>总之，Wabash National 的财报电话会议反映了复杂的情绪，某些领域的增长被其他领域的重大挑战所掩盖。公司的战略扩展和计划提供了积极的前景，但当前的市场条件需要谨慎乐观。投资者和利益相关者将密切关注 Wabash 如何在未来几个季度应对这些挑战。</p>
</div>

Wabash 国立面临第三季度财报电话会议的复杂局面