Company Reports Q4 Revenue of $321.5M
Reports Q4 revenue $321.5M vs. $416.81M last year. Total Company backlog as of December 31, 2025 was approximately $705M, as capital spending decisions continue to be delayed and highly managed. "While conditions on the ground are improving for our customers, we have limited visibility into timing, pace and sustainability of the freight market recovery. With that said, the underlying conditions for a strong trailer demand response is growing once the freight market recovery threshold is met and our customers look to recapture profitability and get back to a growth mindset. But for now, our customers continue to defer capital spending decisions, and order patterns remain uneven, reflecting a highly managed near term reality across freight, construction, and industrial end markets.," explained Brent Yeagy, President and CEO. "While near-term conditions remain challenging, customer engagement around 2026 purchasing decisions is ongoing, and many fleet order commitments for the year remain open and active, a positive departure from historic norms for this period of the sales cycle for trailers. Based on these discussions and early order activity, we believe FY26 revenue and operating margin is likely to be higher than 2025, even though the timing and shape of demand recovery remain uncertain."
