WABASH NATIONAL Business Summary

Wabash National Corp (WNC) is a leading North American manufacturer of transportation, logistics, and distribution solutions, generating revenue through a mix of capital equipment sales, aftermarket services, and recurring technology subscriptions. The company operates through two primary business segments: Transportation Solutions, which designs and manufactures dry freight and refrigerated trailers, platform trailers, and truck bodies; and Parts & Services, which provides aftermarket parts, maintenance, and upfitting through a nationwide network. Wabash has increasingly pivoted toward high-margin, recurring revenue streams via its "Trailers as a Service" (TaaS) model and its EcoNex™ technology, a sustainable molded structural composite used in refrigerated transport. The company competes directly with Hyundai Translead, Utility Trailer Manufacturing Company, and Great Dane, maintaining a top-three market position in North American trailer production while differentiating through material science innovation and a robust final-mile product portfolio. Founded in 1985 by Jerry Ehrlich and a team of industry veterans, Wabash is currently led by President and CEO Brent L. Yeagy, a U.S. Navy veteran with over 25 years of experience in automotive and commercial manufacturing. The executive leadership team includes Patrick Keslin as SVP and Chief Financial Officer, Donald Winston as SVP and Chief Operating Officer, and Drew Schwartzhoff as SVP and Chief Commercial Officer, all of whom bring extensive backgrounds from industrial leaders like Honeywell and Ford. The company is overseen by an independent board chaired by Larry Magee, with notable directors including John Boss and Ann Murtlow. As a publicly traded entity on the NYSE, Wabash maintains a high density of institutional ownership, with major stakes held by Vanguard, BlackRock, and State Street, reflecting its status as a core industrial holding in the transportation sector.