Wabash National To Idle Little Falls And Goshen Facilities, Cutting ~270 Jobs; Total Charges Expected Between $15M-$20M

On January 5, 2026, Wabash National Corporation (the "Company") announced and initiated a plan to idle its facilities in Little Falls, Minnesota and in Goshen, Indiana. The plan includes job reductions of approximately 3 salaried and 53 hourly employees and 21 salaried and 193 hourly employees, respectively, and is expected to be substantially complete by the end of Q2 2026. The total charges associated with this action are expected to be between $15 million and $20 million, of which between $1 million and $2 million is expected to be cash charges primarily for associate-related and other exit costs and the remaining costs are expected to be non-cash charges primarily for asset impairment-related charges. The Company expects to record between $12 and $15 million of charges in the fourth quarter of 2025, and between $3 and $5 million of charges during the first half of 2026. The majority of the cash outflows associated with this plan will occur by the end of Q2 2026. These actions are expected to result in fixed cost reductions in 2026 and annually thereafter. The actions do not involve the disposal or discontinuation of any business line.