NEW YORK CITY, NY / ACCESS Newswire / May 8, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Wabash National Corporation ("Wabash" or the "Company") (NYSE:WNC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Wabash and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On April 30, 2025, Wabash issued a press release announcing its financial results for the first quarter ("Q1") of 2025. Among other items, 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. Wabash also issued a revised forecast for the year, estimating annual revenue of roughly $1.8 billion, down sharply from the full-year revenue projection of $1.9 billion that the Company 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 $3.05 per share, or 30.62%, to close at $6.91 per share on April 30, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP
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