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.
Research analysts who have asked questions during WESTINGHOUSE AIR BRAKE TECHNOLOGIES earnings calls.
Bascome Majors
Susquehanna Financial Group
7 questions for WAB
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Angel Castillo Malpica
Morgan Stanley
5 questions for WAB
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Jerry Revich
Goldman Sachs Group Inc.
5 questions for WAB
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Scott Group
Wolfe Research
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Steve Barger
KeyBanc Capital Markets Inc.
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Stephens Inc.
4 questions for WAB
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Ivan Yi
Wolfe Research, LLC
4 questions for WAB
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BofA Securities
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Melius Research LLC
4 questions for WAB
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Adam Roszkowski
Bank of America
3 questions for WAB
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Daniel Imbro
Stephens Inc.
3 questions for WAB
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Robert Wertheimer
Melius Research
3 questions for WAB
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Saree Boroditsky
Jefferies
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Tami Zakaria
JPMorgan Chase & Co.
3 questions for WAB
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Bascome Majors
Stephens
2 questions for WAB
BM
Ben Moore
Citigroup
2 questions for WAB
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Christian Zulliger
KeyBanc
2 questions for WAB
Christian Zyla
KeyBanc Capital Markets
2 questions for WAB
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Harrison Bauer
Susquehanna
2 questions for WAB
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Jatin Khanna
The Goldman Sachs Group, Inc.
2 questions for WAB
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Ken Hoekster
Bank of America
2 questions for WAB
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O
Oliver
Morgan Stanley
2 questions for WAB
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OJ
Oliver Jiang
Morgan Stanley
2 questions for WAB
JR
James Read
Jefferies
1 question for WAB
OH
Oliver Holmes
Redburn Atlantic
1 question for WAB
Also covers: CSX, UNP
Recent press releases and 8-K filings for WAB.
Wabtec completes acquisition of Dellner Couplers
WAB
M&A
- Wabtec finalized the acquisition of Sweden-based Dellner Couplers, enhancing its Transit portfolio with complementary technologies.
- Dellner Couplers brings an 85-year legacy and a global installed base of approximately 100,000 couplers and 12,500 gangways, supported by production and aftermarket facilities in 13 countries serving over 200 customers.
- The acquisition is expected to drive innovation, productivity, safety, and reliability in passenger rail and position Wabtec for accelerated, profitable growth.
Feb 11, 2026, 3:30 PM
Wabtec reports Q4 2025 earnings
WAB
Earnings
Guidance Update
M&A
- Wabtec posted Q4 2025 net sales of $2.97 B, up 14.8% YoY; GAAP EPS was $1.18 and adjusted EPS rose 25.0% to $2.10.
- Adjusted operating margin expanded 0.8 pts YoY to 17.7%, driven by sales growth, improved gross margin and cost management.
- Q4 operating cash flow was $992 M (292% cash conversion); backlog reached $8.23 B (12-month, +7.2% YoY) and $27.41 B (multi-year, +23.1% YoY).
- For full-year 2025, revenues grew 7.5% to $11.17 B, adjusted EPS increased 18.7% to $8.97, with an operating margin of 20.3%.
- 2026 guidance calls for revenues of $12.19–12.49 B (+9.2%–11.8%) and adjusted diluted EPS of $10.05–10.45 (+12.0%–16.5%), reflecting the Dellner Couplers acquisition.
Feb 11, 2026, 1:30 PM
Westinghouse Air Brake Technologies reports Q4 2025 results
WAB
Earnings
Guidance Update
Share Buyback
- Q4 sales of $2.97 billion (+14.8%) and adjusted EPS of $2.10 (+25%) from a year earlier.
- Full-year 2025 revenue grew 7.5%, adjusted EPS increased 18.7%, with cash conversion at 104%.
- 12-month backlog ended at $8.2 billion (+7%) and multi-year backlog surpassed $27 billion (+23%).
- Board raised the dividend by 24% and increased share buyback authorization to $1.2 billion.
- 2026 guidance: sales of $12.2–12.5 billion (≈10.5% growth) and adjusted EPS of $10.05–10.45 (≈14% growth).
Feb 11, 2026, 1:30 PM
Wabtec reports Q4 2025 earnings
WAB
Earnings
Guidance Update
Share Buyback
- Wabtec delivered Q4 sales of $3.0 billion, up 15% year-over-year, and adjusted EPS of $2.10, up 25%, driven by strong organic and inorganic growth.
- Full-year 2025 revenue grew 7.5% with adjusted EPS up 18.7%, while 12-month backlog reached $8.2 billion (+7%) and multi-year backlog exceeded $27 billion (+23%).
- Operating cash flow in Q4 was $992 million and full-year cash conversion was 104%, with liquidity of $3.21 billion and net debt leverage at 1.9×.
- For 2026, Wabtec forecasts sales of $12.2–$12.5 billion (+10.5% midpoint) and adjusted EPS of $10.05–$10.45 (+14% midpoint), reflecting strong backlog and pipeline.
- The board approved a 24% dividend increase and expanded the share buyback authorization to $1.2 billion.
Feb 11, 2026, 1:30 PM
Wabtec reports Q4 2025 results
WAB
Earnings
Guidance Update
Dividends
- Wabtec delivered 7.5% revenue growth and 18.7% adjusted EPS growth for FY 2025, expanding adjusted operating margin by 1.4 ppts.
- In Q4 2025, sales were $3.0 billion (up 15%) and adjusted EPS was $2.10 (up 25%; GAAP EPS $1.18, down 4.1%).
- The 12-month backlog reached $8.2 billion (up 7%) and multi-year backlog exceeded $27 billion (up 23%) at year-end.
- Q4 cash from operations was $992 million, driving FY 2025 cash flow of $1.76 billion and 104% cash conversion; liquidity stood at $3.21 billion with net debt leverage of 1.9×.
- The board approved a 24% dividend increase and raised share buyback authorization to $1.2 billion; 2026 guidance calls for $12.2–12.5 billion in sales (+10.5%) and $10.05–10.45 in adjusted EPS (+14%).
Feb 11, 2026, 1:30 PM
Wabtec delivers Q4 2025 results and issues 2026 guidance
WAB
Earnings
Guidance Update
Dividends
- Sales in Q4 2025 were $2.97 billion, up 14.8% YOY; GAAP diluted EPS was $1.18 (−4.1% YOY) and adjusted EPS was $2.10 (+25.0% YOY).
- Multi-year backlog reached $27.41 billion (+23.1% YOY), with a 12-month backlog of $8.23 billion (+7.2% YOY).
- Q4 2025 cash from operations was $992 million, driving full-year cash flow of $1.76 billion and a 104% cash conversion rate.
- 2026 guidance calls for sales of $12.19 billion to $12.49 billion and adjusted EPS of $10.05 to $10.45.
- Board approved a 24% quarterly dividend increase to $0.31 per share and raised share buyback authorization to $1.2 billion.
Feb 11, 2026, 12:13 PM
Wabtec reports Q4 2025 beat, record $27.4B backlog
WAB
Earnings
Share Buyback
- Revenues of $2.97 billion (+14.8% yoy) and adjusted EPS of $2.10 (GAAP EPS $1.18) in Q4 2025.
- Freight segment sales of $2.1 billion (+18.3%), with digital revenue up ~74% post-acquisitions; transit segment sales of $842 million saw margin contraction.
- Quarter-end backlog reached a record $27.4 billion.
- Ended Q4 with $789 million in cash, $4.3 billion of long-term debt, repurchased $75 million of stock, and increased buyback authorization to $1.2 billion; Q4 operating cash flow was $992 million.
- Full-year 2025 results: GAAP diluted EPS $6.83 (+13.1%), adjusted diluted EPS $8.97 (+18.7%), total sales $11.17 billion.
Feb 11, 2026, 12:08 PM
Wabtec reports Q4 2025 results and 2026 guidance
WAB
Earnings
Guidance Update
Dividends
- Wabtec delivered Q4 2025 GAAP EPS of $1.18 (–4.1% YoY) and adjusted EPS of $2.10 (+25.0% YoY), on sales of $2.97 billion (+14.8%) and cash from operations of $992 million.
- For full-year 2025, GAAP EPS was $6.83 (+13.1% YoY) and adjusted EPS was $8.97 (+18.7% YoY), with total sales of $11.17 billion and operating cash flow of $1.76 billion.
- Multi-year backlog reached $27.4 billion, up 23.1% versus prior year; 12-month backlog was $8.23 billion, up 7.2% YoY.
- The board increased the quarterly dividend by 24% and raised the share buyback authorization to $1.2 billion.
- 2026 guidance calls for sales of $12.19 billion to $12.49 billion and adjusted EPS of $10.05 to $10.45 (+14% at midpoint).
Feb 11, 2026, 11:30 AM
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
Quarterly earnings call transcripts for WESTINGHOUSE AIR BRAKE TECHNOLOGIES.
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