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SEC filingWabash National Corporation reported strong financial performance for fiscal year 2025, ending December 31, 2025. The company achieved net sales of $1.54 billion, with gross profit of $69.9 million. Operating income was $307.5 million, and net income attributable to common stockholders reached $211.5 million, translating to earnings per share of $5.00 on both basic and diluted bases. The company maintained a solid balance sheet with total assets of $1.17 billion and total liabilities of $802.6 million, resulting in stockholders' equity of $397.6 million. Cash flow from operations was $11.7 million, though net cash decreased by $83.6 million due to significant investing activities of $92.7 million. The company paid no dividends per share but repurchased $33.8 million in stock. Forward-looking significance includes the company's continued investment in revenue-generating assets and capital expenditures totaling $72.2 million, indicating ongoing operational expansion.
Wabash National Corporation delivered robust financial results for fiscal year 2025, with net sales of $1.54 billion. The company generated gross profit of $69.9 million from cost of sales of $1.47 billion. Operating income was strong at $307.5 million, benefiting from general and administrative expenses of -$286.8 million, selling expenses of $24.4 million, amortization of intangible assets of $11.2 million, and impairment and other, net of $13.6 million. Net income reached $211.6 million, with $211.5 million attributable to common stockholders after accounting for $188,000 in noncontrolling interest. Earnings per share were $5.00 on both basic and diluted bases, with weighted average shares of 41.5 million basic and 41.7 million diluted. The company declared no dividends per share for the period.
Revenue analysis is limited as the document does not provide segment breakdowns, geographic mix, or specific growth drivers beyond the total net sales figure of $1.54 billion. The XBRL data and document text focus on consolidated financial statements without dimensional segment data. No further revenue decomposition or growth rate comparisons are disclosed in the provided materials.
Gross margin was 4.5%, calculated from gross profit of $69.9 million on net sales of $1.54 billion. Operating margin was 20.0%, derived from operating income of $307.5 million relative to net sales. The cost structure shows significant general and administrative expenses of -$286.8 million, which positively impacted operating income. Other expenses included interest expense of $21.3 million and other, net of $4.0 million, resulting in other expense, net of -$17.4 million. Income tax expense was $71.5 million on income before tax of $283.2 million.
Cash flow from operating activities was $11.7 million, driven by net income of $211.6 million adjusted for items including depreciation of $47.6 million, amortization of intangibles of $11.2 million, deferred income taxes of $85.8 million, and changes in working capital. Investing activities used $92.7 million, primarily for capital expenditures of $24.7 million and expenditures for revenue generating assets of $47.5 million. Financing activities used $2.5 million, including dividends paid of $13.8 million and stock repurchases of $33.8 million. The balance sheet shows total assets of $1.17 billion, with current assets of $419.1 million including cash and equivalents of $31.9 million. Total liabilities were $802.6 million, including long-term debt of $442.9 million. Stockholders' equity was $397.6 million, with retained earnings of $303.6 million.
The document does not disclose management guidance, strategic priorities, or specific risk factors. The provided XBRL data and document text contain only historical financial statements without forward-looking statements or outlook sections. No information on future expectations, market conditions, or operational plans is included in the source materials.