Earnings summaries and quarterly performance for WESTINGHOUSE AIR BRAKE TECHNOLOGIES.
Executive leadership at WESTINGHOUSE AIR BRAKE TECHNOLOGIES.
Rafael Santana
Detailed
President and Chief Executive Officer
CEO
DD
David DeNinno
Executive Vice President, General Counsel and Secretary
JO
John Olin
Executive Vice President and Chief Financial Officer
NT
Nicole Theophilus
Executive Vice President and Chief Administrative Officer
PS
Pascal Schweitzer
President, Transit
Board of directors at WESTINGHOUSE AIR BRAKE TECHNOLOGIES.
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Susquehanna Financial Group
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Morgan Stanley
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Goldman Sachs Group Inc.
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Stephens
2 questions for WAB
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Ben Moore
Citigroup
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Brady Lierz
Stephens Inc.
2 questions for WAB
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Christian Zyla
KeyBanc Capital Markets
2 questions for WAB
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Jatin Khanna
The Goldman Sachs Group, Inc.
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Ken Hoekster
Bank of America
2 questions for WAB
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Ken Hoexter
BofA Securities
2 questions for WAB
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Oliver Jiang
Morgan Stanley
2 questions for WAB
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James Read
Jefferies
1 question for WAB
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Oliver Holmes
Redburn Atlantic
1 question for WAB
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Recent press releases and 8-K filings for WAB.
Wabtec secures $386M MTA order for R255 hybrid locomotives
WAB
New Projects/Investments
- Wabtec secured a $386 million follow-on order from New York’s MTA for 45 R255 hybrid battery-diesel work locomotives and spare parts under its 2025–2029 Capital Plan.
- Deliveries will begin in 2027, with units built at Wabtec’s Erie, Pennsylvania center, enabling up to eight hours of battery-only operation for emissions-free tunnel maintenance.
- The order exercises an option from a 2020 contract (initially $233 million for 25 units), leveraging existing procurement funding.
- R255 locomotives combine Cummins QSX15 Tier 4 Final diesel engines with Wabtec-developed battery packs and onboard diagnostics to enhance reliability and data-driven maintenance.
Jan 7, 2026, 12:19 PM
Wabtec secures $386 M order from MTA for hybrid locomotives
WAB
New Projects/Investments
- $386 million follow-on contract from New York’s MTA for additional R255 hybrid battery-diesel work locomotives and spare parts.
- Deliveries to begin in 2027, with units manufactured at Wabtec’s Erie, PA design and development center.
- R255 locomotives offer 500 kWh battery-only operation for several hours, reducing tunnel emissions during maintenance work.
- Each unit includes onboard diagnostics, cameras, and video recorders to support enhanced safety and smart maintenance practices.
Jan 7, 2026, 12:00 PM
Wabtec reports Q3 2025 results
WAB
Earnings
Guidance Update
M&A
- Sales of $2.89 billion, up 8.4% y/y; adjusted EPS of $2.32, up 16% y/y ■
- 12-month backlog of $8.3 billion (+ 8.4% y/y); multi-year backlog reached an all-time high ■
- Freight sales + 8.4% y/y; adjusted freight margin 24.5% (+ 0.4 pp); transit sales + 8.2% y/y; adjusted transit margin 15.5% (+ 2.7 pp) ■
- Raised full-year adjusted EPS guidance to $8.85–$9.05 (+ 18% at midpoint) ■
- Gross margin expansion driven by contract escalations and the acquisition of Inspection Technologies amid tariff pressures ■
Oct 22, 2025, 12:30 PM
Wabtec reports Q3 2025 results
WAB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Delivered $2.9 billion in third-quarter sales, up 8.4% year-over-year, driven by growth in both Freight and Transit segments and the Inspection Technologies acquisition.
- Achieved adjusted EPS of $2.32, a 16% increase, with adjusted operating margin expanding to 21%, up 1.3 pp versus prior year.
- Secured a 12-month backlog of $8.3 billion, up 8.4%, and set a record multiyear backlog of $20.9 billion, reflecting strong order momentum.
- Raised full-year adjusted EPS guidance to $8.85–$9.05, up 18% at the midpoint, underscoring confidence in continued profitable growth.
Oct 22, 2025, 12:30 PM
Wabtec reports Q3 2025 results
WAB
Earnings
Guidance Update
- Sales of $2.89 billion, up 8.4% YoY
- GAAP operating margin of 17.0% (adjusted 21.0%)
- GAAP EPS of $1.81 (+11%), adjusted EPS of $2.32 (+16%)
- Operating cash flow of $367 million and a 12-month backlog of $8.27 billion, up 8.4% YoY
- 2025 guidance maintained revenues of $10.925 billion–$11.225 billion; raised adjusted EPS to $8.85–$9.05, +18.4% at midpoint
Oct 22, 2025, 12:30 PM
Wabtec reports Q3 2025 results
WAB
Earnings
Guidance Update
- Wabtec’s third quarter net sales were $2.89 billion, up 8.4% year-over-year; GAAP diluted EPS was $1.81, up 11.0%, and adjusted diluted EPS was $2.32, up 16.0% versus Q3 2024.
- GAAP operating margin expanded to 17.0% and adjusted operating margin reached 21.0%, improvements of 0.7 and 1.3 percentage points, respectively, compared to the prior year quarter.
- As of September 30, 2025, Wabtec’s 12-month backlog stood at $8.267 billion, up 8.4%, and total backlog was $25.577 billion, up 15.0% year-over-year.
- The company raised and tightened its 2025 adjusted EPS guidance to $8.85–$9.05, projects full-year revenues of $10.925–$11.225 billion, and expects operating cash flow conversion above 90%.
Oct 22, 2025, 11:11 AM
Wabtec reports Q3 2025 results and raises guidance
WAB
Earnings
Guidance Update
- Q3 sales rose 8.4% to $2.89 billion, led by growth in both Freight and Transit segments.
- GAAP EPS increased 11% to $1.81, while adjusted EPS grew 16% to $2.32 versus Q3 2024.
- Backlog remained strong at $25.6 billion total, with 12-month backlog up 8.4% year-over-year.
- Full-year 2025 adjusted EPS guidance was raised and tightened to $8.85–$9.05, with revenues forecast at $10.925–$11.225 billion.
Oct 22, 2025, 10:30 AM
Wabtec reports Q2 2025 results
WAB
Earnings
Guidance Update
M&A
- Wabtec’s Q2 sales were $2.71 billion, up 2.3% year-over-year, with adjusted EPS of $2.27, a 15.8% increase.
- Adjusted operating margin expanded by 1.8 percentage points to 21.1%, driven by favorable mix and cost management.
- Twelve-month backlog reached $8.2 billion, up 11.9%, providing visibility into the second half of 2025.
- Updated full-year 2025 guidance calls for sales of ~$11.1 billion (up 6.5%) and adjusted EPS of $8.55–$9.15 (up 17%).
- Closed the Inspection Technologies acquisition on July 1 and announced $3.5 billion in M&A investments targeting $850 million in first-year revenues at a 25.5% EBITDA margin and $60 million of run-rate synergies.
Jul 24, 2025, 4:50 PM
Wabtec completes acquisition of Evident’s Inspection Technologies
WAB
M&A
- On July 1, 2025, Wabtec finalized the acquisition of Evident’s Inspection Technologies division, formerly part of Olympus’s Scientific Solutions business, to bolster its Digital Intelligence segment .
- The purchase price was $1.78 billion (approximately $1.68 billion after tax benefits), financed through cash on hand, term notes, term loans and short-term borrowings .
- The deal doubles Wabtec’s total addressable market in Digital Intelligence from ~$8 billion to $16 billion and is expected to be accretive to high-single-digit revenue growth, Adjusted EBIT margins and return on invested capital .
- Expected to be slightly accretive to Adjusted EPS in H2 2025, the acquisition reflects a 12.0× projected 2025 EBITDA multiple and anticipated run-rate cost synergies of $25 million; impacts will be included in full-year guidance on the Q2 earnings call .
Jul 1, 2025, 12:00 AM
Westinghouse Air Brake Technologies Corp Completes $1.25 Billion Debt Issuance
WAB
Debt Issuance
- The company completed a public offering and sale of $500 million 2030 Notes at 4.900% interest and $750 million 2035 Notes at 5.500% interest, maturing on May 29, 2030 and May 29, 2035 respectively.
- Interest will be payable semi-annually on May 29 and November 29, commencing on November 29, 2025.
- The Notes include early redemption rights with a make-whole premium and repurchase provisions in the event of a change of control at a purchase price of 101% of principal plus accrued interest.
- The offering was executed under the company’s existing registration statement with legal opinions provided by Snell & Wilmer L.L.P..
May 29, 2025, 12:00 AM
Quarterly earnings call transcripts for WESTINGHOUSE AIR BRAKE TECHNOLOGIES.
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