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Fortrea and Wabash report Q3 2026: guidance raised, revenue rises at both

Fortrea raised the midpoints of its full-year guidance and returned to a small GAAP profit, while Wabash grew revenue and backlog despite a quarterly loss.

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what happened

According to TradingView, Fortrea posted third-quarter 2026 revenue of $691.5 million, slightly below the $701.3 million of a year earlier. The company swung to a GAAP profit of $0.6 million, or one cent per diluted share, after last year's loss. Adjusted EPS came in at $0.28 and adjusted EBITDA at $58.0 million. Fortrea lifted the midpoints of its full-year revenue and EBITDA guidance and narrowed the ranges.

Wabash, meanwhile, reported revenue of $476.4 million, up 24.8% from a year earlier, but still posted a GAAP net loss of $20.4 million and an adjusted loss of $0.63 per share. Trailer shipments rose to 9,563 from 6,675, and backlog climbed to $1.198 billion at quarter-end, 25% higher than in the prior quarter.

why it matters

The common thread for investors is demand: Fortrea's book-to-bill held at 1.12x, and strong orders led Wabash to pull planned capacity additions forward. Fortrea, however, removed $558 million from reported backlog after a contract review, which tempers the revenue signal. Wabash remains loss-making on an adjusted basis.

market impact

Fortrea shares: raised guidance supports the stock; Wabash: stronger orders offset by a loss, mixed picture

  • Fortrea shares pressure up — raised midpoints for full-year revenue and EBITDA improve the outlook
  • Wabash shares mixed — revenue and backlog growth is offset by a loss in the quarter

tags

EarningsStockUnited States

instruments

FortreaWabash National

sources

  1. Fortrea Reports $691.5 Million Q3 Revenue, $0.28 Adjusted EPS — TradingView, 29 October 2026 at 10:43 UTC
  2. Wabash Reports Q3 Revenue of $476 Million and Adjusted EPS Loss of $0.63 — TradingView, 29 October 2026 at 10:54 UTC
  3. Belden Reports Record Q3 Revenue of $966 Million, Adjusted EPS of $2.26 — TradingView, 29 October 2026 at 12:03 UTC

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