Wabash National Corporation (WNC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad to enter the question queue. Once again, that is star followed by the number one. If you'd like to withdraw your question, again, press star one. Thank you. I would like to hand the call over to Ryan Reed, Vice President, Investor Relations. You may begin your conference. Thank you and good morning, everyone. We appreciate you joining us on this call. With me today are Brent Yeagy, President and Chief Executive Officer, Pat Caslin, Chief Financial Officer, and Mike Pettit, Chief Growth Officer. Before we get started, please note this call is being recorded. I'd also like to point out that our earnings release, the slide presentation supplementing today's call, and any non-GAAP reconciliations are available at ir.onewabash.com. Please refer to slide two in our earnings deck from the company's Safe Harbor disclosure addressing forward-looking statements. I'll hand it off now to Brett. Thank you, Ryan. Let me start by level setting where we are in terms of the business environment. Compared to what we expected at the beginning of the year, there's no question that conditions have softened. We're seeing it across the board. Our customers are sharing that their own customers are delaying decision-making, which is creating a cascading effect that slows activity across our business. As a result, third-party industry forecasts for 2025 have been steadily revised downward over the past several months, and we've seen recent confirmation during this earnings cycle with many carriers reducing their capex estimates for the year. This isn't isolated to any one product or market. It's a broader macro-driven slowdown, and while the situation certainly presents ...