Heavy Transportation Equipment Stocks Post Mixed Q1 Results; Wabash (WNC) Tumbles on Miss
Heavy transportation equipment companies reported mixed first-quarter results, with Wabash (NYSE:WNC) missing analyst estimates, driving its shares down 12% to $7.65. The 12-company group tracked by StockStory delivered revenues and forward guidance broadly in line with consensus, but individual performances diverged sharply. Wabash posted revenue of $303.2 million, down 20.4% from a year earlier and 5% below expectations, while EBITDA also trailed forecasts. In contrast, Douglas Dynamics (NYSE:PLOW) beat revenue projections by 3.4% to $137.8 million and raised its full-year outlook, yet its stock slipped 2.5% to $43.46. Greenbrier (NYSE:GBX) missed top- and bottom-line estimates and offered weak guidance, sending its shares down 3.6% to $45.95. Commercial Vehicle Group (NASDAQ:CVGI) surged 21.5% to $5.13 after topping revenue and profit forecasts. Wabtec (NYSE:WAB) met revenue targets but missed on organic growth.