NEW YORK, NY / ACCESS Newswire / May 4, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wabash National Corporation ("Wabash National") (NYSE:WNC) concerning possible violations of federal securities laws.
On April 30, 2025, Wabash issued a press release announcing its financial results for Q1 of 2025. Wabash reported an operating loss of $9.8 million in its Transportation Solutions segment, compared to an operating profit of $44.25 million for Q1 2024, and gross profit of only $19 million, compared to $76.4 million in Q1 2024. Further, Wabash issued a revised forecast for the year, estimating annual revenue of roughly $1.8 billion, down significantly from the full-year revenue projection of $1.9 billion that the Wabash issued in February. Wabash attributed its results to a "general weakening in market conditions" and "[t]ariff-related uncertainty", among other factors.
On this news, Wabash's stock price fell 30.62%, to close at $6.91 per share on April 30, 2025. To obtain additional information, go to:
https://zlk.com/pslra-1/wabash-national-corporation-lawsuit-submission-form?prid=146831&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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