Stephens analyst Brad Delco lowered his near-term and longer-term estimates for Wabash following the company's pre-announcement on Friday, stating that he sees ongoing risk from both higher commodity costs as well as from productivity issues due to the tight labor market. While Wabash has traditionally said it is able to lock in about 70% of its commodity costs at the time of an order, the company's pre-announcement and Supreme acquisition make Delco wonder if this is still the case, he tells investors. He lowered his price target on Wabash shares to $15 from $20 and keeps an Equal Weight rating on the stock.

Reports Q1 revenue $515.3M, consensus $516.85M. "During the Q1, customer pickups of equipment lagged somewhat behind the pace of our production," said Brent Yeagy, president and CEO. "It's typical for customer pickup rates to vary between quarters, especially in slower years for the industry. We anticipate that the delays experienced in the first quarter will be recovered in subsequent quarters, particularly the second quarter."